Thursday, September 20, 2012

Romney Campaign has money problems

It has been noticed that Romney is being badly outspent in the swing states which raised obvious questions since Romney has been reporting $100M+ fundraising all summer.

Well, it turns out, they have been cooking the books a little. Nick Confessore reports in today's NY Times,
Much of the more than $300 million the campaign reported raising this summer is earmarked for the Republican National Committee, state Republican organizations and Congressional races, limiting the money Mr. Romney’s own campaign has to spend....the campaign’s cash flow became so slow over the summer that it was forced to borrow $20 million to carry it through the [RNC Convention], when his formal nomination freed up tens of millions of dollars for the general election. Yet at the same time Romney aides worked hard to project the image of a fund-raising machine far outpacing the president’s.
Romney aides released informal dollar figures that lumped several pools of money — some available for his use, others not — into a single figure, providing a perception greater than reality: $106 million in June and $101 million in July, far more than Mr. Obama and the Democrats. Yet those figures obscured the fact that most of the money Mr. Romney was raising was reserved for those other political entities like the Republican National Committee.
I'm really surprised by this. I've always assumed Romney could always turn to fellow LDS members to provide enough small donations to prevent him from having any money issues.

Apparently not.

Have you seen the tea party ad running on TV now making a desperate call to 'fellow patriots'  to raise emergency money for Romney.

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