Donklephant » Blog Archive » Romney Spent $42.3M Of His Own Money

Romney Spent $42.3M Of His Own Money

By Justin Gardner | Related entries in 2008 Election, Money, Romney

Now that’s a load of dough!

His campaign reported to the Federal Election Commission yesterday that he loaned his campaign $6.95 million during January to reach that total.

The former Massachusetts governor’s total self-financing puts him ahead of Steve Forbes, the publisher who spent $38 million on his unsuccessful run for the GOP nomination in 1996, but shy of the $63.5 million that H. Ross Perot spent on his 1992 third-party presidential campaign.

Romney’s total loan also equates to about $167,000 for each of the 253 delegates he won before suspending his campaign. By suspending his bid, Romney, who made an estimated $250 million as a venture capitalist, can keep raising money to possibly pay himself back.

And this was the guy who was claiming to be good with money?

I know that sounds like snark, but I’m serious. Sure, I can understand an initial infusion of cash to get things jumpstarted, but if a candidate can’t get enough donors to fund his or her campaign after that then do they really deserve the presidency?

This entry was posted on Thursday, February 21st, 2008 and is filed under 2008 Election, Money, Romney. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Name (required)

Mail (will not be published) (required)

Website

NOTE TO COMMENTERS:

You must ALWAYS fill in the two word CAPTCHA below to submit a comment. And if this is your first time commenting on Donklephant, it will be held in a moderation queue for approval. Please don't resubmit the same comment a couple times. We'll get around to moderating it soon enough.

Also, sometimes even if you've commented before, it may still get placed in a moderation queue and/or sent to the spam folder. If it's just in moderation queue, it'll be published, but it may be deleted if it lands in the spam folder. My apologies if this happens but there are some keywords that push it into the spam folder.

One last note, we will not tolerate comments that disparage people based on age, sex, handicap, race, color, sexual orientation, national origin or ancestry. We reserve the right to delete these comments and ban the people who make them from ever commenting here again.

Thanks for understanding and have a pleasurable commenting experience.