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Showing posts with label behind. Show all posts
Showing posts with label behind. Show all posts

Sunday, July 8, 2012

Donors' push strengthens behind Romney

WASHINGTON – Republican donors rallied to Mitt Romney's presidential campaign in May. Scores of his allies wrote five-figure checks to fuel his joint fundraising with the Republican Party, and hundreds more contributed for the first time, newly filed campaign-finance reports show.

Individuals who supported the failed campaign of Texas Gov. Rick Perry, right, donated to Mitt Romney's camp. By Isaac Brekken, AP

Individuals who supported the failed campaign of Texas Gov. Rick Perry, right, donated to Mitt Romney's camp.

By Isaac Brekken, AP

Individuals who supported the failed campaign of Texas Gov. Rick Perry, right, donated to Mitt Romney's camp.

Their support helped the former Massachusetts governor surge past President Obama's fundraising totals for the first time last month, as donors rushed to unite behind the party's presumptive nominee.

More than 1,100 individuals who had donated to Romney's rivals in the battle for the GOP nomination contributed to his main campaign account last month, a USA TODAY analysis shows. The biggest share came from individuals who had backed the failed campaign of Texas Gov. Rick Perry, long a fundraising powerhouse in Republican politics.

In addition, more than 40% of the nearly $5 million raised by a pro-Romney super PAC came from first-time donors — more than a dozen of whom gave at least $50,000 each.

The Restore Our Future super PAC, which can raise and spend unlimited amounts, launched a $7.6 million advertising campaign in nine battleground states this week, attacking the president's economic record.

Romney, who survived a bruising and expensive primary fight, must sustain his pace to compete with Obama, who shattered political money records in 2008. Romney and his fundraising team, led by private-equity manager Spencer Zwick, have proved skilled at recruiting fundraisers — known as "bundlers" for their ability to bundle together contributions from relatives, friends and associates.

Romney will court and reward those bundlers this weekend at the exclusive Deer Valley resort in Utah, where they will have the chance to mingle with him, his top campaign aides and some of the party's biggest names.

"Overall, the fundraising leadership has been as well run and organized as I have seen," said Lewis Eisenberg, who chaired Sen. John McCain's presidential fundraising in 2008 and backs Romney. "The results of last month's fundraising tell the story."

Las Vegas businessman Bill Brady is among the new donors. He wrote his first check to Restore Our Future last month, donating $100,000 and gave $33,300 to Romney and the Republican National Committee in May, records show.

Brady, whose family owns companies that distribute janitorial cleaning supplies and hotel linens, said Obama's calls to end the Bush tax cuts for the wealthiest taxpayers has caused so much uncertainty that he's unwilling to make new business investments.

"We don't know where President Obama is going," he said. "But I have great confidence that the business community will be understood by President Romney."

Brady is among the mega-donors descending on Park City, Utah, this weekend, where donors who have contributed at least $50,000 each and the fundraisers who have collected at least $250,000 will be feted. The two-day gathering includes a cookout with Romney — along with an array of policy and strategy briefings.

Attendees include McCain and former Florida governor Jeb Bush, along with two former secretaries of State, Condoleezza Rice and James Baker. Potential Romney running mates, including Tim Pawlenty and Ohio Sen. Rob Portman, also are slated to appear.

Rewarding top-flight donors with exclusive access is standard practice in presidential campaigns. McCain mingled with fundraisers in Aspen and at his ranch in Sedona, Ariz., during the 2008 campaign. President George W. Bush entertained fundraisers at his Texas ranch.

"This event will give Gov. Romney and the leaders of our party a chance to meet, or become reacquainted, with major donors and will leave them feeling good and motivated to go out and continue raising the money needed for victory," Eisenberg said.

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Friday, July 8, 2011

Presidential election: Mitt Romney top GOP fundraiser, but behind 2007 pace (The Christian Science Monitor)

Washington – So far, Mitt Romney is the champion Republican fundraiser of the 2012 presidential cycle. On Wednesday, he reported raising $18.25 million in the second quarter of 2011 – all of it for the primaries – with $12.6 million in cash on hand. That’s far more than any other GOP candidate in the field raised, of the numbers released to date.

“Voters are responding to Mitt Romney’s message that President Obama’s policies have failed and that we need new leadership in Washington,” Romney finance chair Spencer Zwick said in a statement. “Our fundraising for the second quarter represents the strong support Mitt Romney has across the country.”

Indeed, Romney’s second-quarter take solidifies his position as the early frontrunner for the GOP nomination. But he failed to match his second quarter fundraising total from his last presidential run in 2007, when he brought in $23.5 million. That figure included $2.5 million of personal funds. This time, he has yet to self-fund. So the real apples-to apples comparison is $18.25 million versus $21 million.

IN PICTURES: Republicans in the 2012 presidential race

Why the decline? The down economy is certainly a factor, political analysts say. But there’s also still a sense that the field is unsettled. Texas Gov. Rick Perry still might jump in. And with so many other competitors, donors could be hanging back to see who develops momentum heading into early caucuses and primaries.

“There’s money on the sidelines,” says Ford O’Connell, chairman of the conservative Civic Forum PAC. “It’ s not necessarily for Governor Perry as much as it is for backing a winner who can go all the way.”

Mr. O’Connell also points out that an independent “Super PAC,” Restore Our Future, founded by former Romney political aides, raised $12 million in the first six months of 2011. The group, whose goal is to help Romney win the presidency, can raise unlimited donations from corporations, unions, and individuals, but must report those donors to the Federal Election Commission.

Romney is also garnering attention for holding a $2,500-per-person fundraiser in London on Wednesday. American citizens and green-card holders are also eligible to donate.

Some presidential candidates have yet to put out their second quarter 2011 fundraising numbers, including: former Sen. Rick Santorum of Pennsylvania, Rep. Michele Bachmann of Minnesota, and President Obama. Congresswoman Bachmann has been a stellar fundraiser in the House, but she was a presidential candidate for less than three weeks of the quarter. Mr. Obama’s campaign predicts a second-quarter total of $60 million, to be shared with the Democratic National Committee. The reporting deadline for second quarter fundraising is July 15.

Here are the totals reported by other candidates:

Rep. Ron Paul of Texas: $4.5 million. Second only to Romney, Congressman Paul’s take reflects the depth of passion among his supporters.

Tim Pawlenty, former governor of Minnesota: $4.2 million. That figure is not outstanding for a candidate who started early and is thought to have top-tier potential, but it’s enough to keep going, analysts say.

Jon Huntsman, former governor of Utah: $4.1 million. That total includes personal money he loaned the campaign. He joined the race only on June 21.

Herman Cain, former CEO of Godfather’s Pizza: $2.5 million, including some “modest seed money” of his own, his campaign reports.

Newt Gingrich, former House speaker: $2 million. But he has only $225,000 in the bank, and debt of about $1 million, according to news reports.

IN PICTURES: Republicans in the 2012 presidential race


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Monday, July 4, 2011

Lawmaker who endorsed Romney now behind draft-Perry movement (Daily Caller)

A California lawmaker who endorsed Mitt Romney for president has now signed a letter asking Texas Gov. Rick Perry to get in the 2012 race.

The Los Angeles Times reported that Assemblyman Paul Cook, a Yucaipa Republican, joined more than 20 people in signing the letter. The paper added that “more potential Romney defectors may sign the letter in coming days, according to a GOP source familiar with the meeting.” (GOP candidates’ fundraising starts slowly)

Romney, the former governor of Massachusetts, is viewed by many as the closest thing to the front-runner in the crowded race.

Perry has played coy over the last year about a potential candidacy, but has signaled in recent weeks that he’s thinking hard about a run. Political observers say Perry would shake up the race, where the other candidates are fighting to become the Romney alternative.

“Now, more than ever, our nation needs serious, experienced and principled leadership to create jobs, control spending and rebuild the economy,” the letter reads, according to the report. “We believe Gov. Perry that you embody these attributes, and we urge you to become a candidate for the Republican nomination for the office of president of the United States.”

Read more stories from The Daily Caller

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