Mitt Romney Has $19M Cash On Hand

By Justin Gardner | Related entries in Money, Romney

And he raised quite a bit in Q4 2011.

From The Hill…

Mitt Romney followed up an easy victory in the New Hampshire primary by announcing he raised $24 million in the last three months of 2012, further establishing himself as the candidate to defeat in the GOP presidential race.

The total is the strongest quarter so far for Romney’s campaign and leaves him with $19 million in cash on hand. It is likely to dwarf what his Republican rivals report for their fundraising totals, and adds to a sense of inevitability that he will be the Republican challenging President Obama this fall.

How much did he raise all of last year?

Romney raised a total of $56 million in 2011, and has benefited from the support of outside groups, which have run ads in early-contest states savaging his rivals. This has allowed Romney to preserve some of his own resources.

Impressive…sort of.

Because candidate Obama raised $129M in 2007.

And in Q2 in 2011, President Obama and the DNC posted impressive numbers…

Barack Obama’s presidential campaign reported that it and the Democratic National Committee together raised $86 million for the second quarter, blowing past what they said had been their goal of $60 million for the period.

Obama himself raised $47 million—more than he raised in the second quarter of 2007, and more than the entire GOP presidential field that has reported its cash haul so far.

I don’t think there’s any way he’ll be able to keep pace with Obama in 2012 in terms of fundraising, but maybe he doesn’t have to if enough money flows into those SuperPACs to attack Obama.

But then again…what are those SuperPACs really going to be able to do? Usually that’s an avenue for dirty laundry. But they can’t really attack Obama with the Reverend Wright thing anymore. And Fast and Furious and Solyndra really haven’t gone anywhere.

More as it develops…

This entry was posted on Wednesday, January 11th, 2012 and is filed under 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.

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