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Mitt Romney Nearly Matches Obama Fundraising

May 17, 2012 RSS Feed Print

Republican presidential hopeful Mitt Romney, teaming up with the Republican National Committee for fundraising in the month of April, announced Thursday his campaign raised $40.1 million, nearly matching President Obama and the Democrats total of $43.6 million.

The number is a vast improvement over his March total when the Romney campaign raised $12.6 million. But since all his GOP rivals have fallen by the wayside, Romney has joined forces with the national party infrastructure and had top donors rally around his campaign resulting in the wave of new money.

[Read: Boehner worries both sides with debt talk.]

"We are pleased with the strong support we have received from Americans across the country who are looking for new leadership in the White House," said Spencer Zwick, Romney's finance chairman, in a statement released with the fundraising totals. "Along with the hard work of the Republican National Committee, we will continue to raise the funds necessary to defeat President Obama in November."

The campaign has a total of $61.4 million in cash on hand, according to the release, and 95 percent of the April donations were from donors giving $250 or less. By stressing the number and amount of sub-$250 donations, the campaign is likely trying to shed the image that only a handful of wealthy donors are funding their effort.

[Check out U.S. News Weekly: an insider's guide to politics and policy.]

"Mitt Romney has the record and plan to turn our country around – that is why he is receiving such enthusiastic support from voters across the country," said Republican National Committee chairman Reince Priebus. "Along with the campaign, we will work to provide the resources so that we can defeat President Obama and change the direction of the country."

While campaign fundraising totals are still critically important to their ability to compete in elections, spending by groups unaffiliated with the campaigns are expected to continue playing a huge role as they did already in the Republican primary.

In fact, a wealthy businessman prepared to spend at least $10 million funding his own so-called Super PAC is already contemplating how best to attack Obama, according to a New York Times story.

[See the latest political cartoons.]

In a document obtained by the New York Times and compiled for Joe Ricketts, founder of TD Ameritrade, Obama would be vulnerable to criticisms of his connection to controversial pastor Jeremiah Wright. Obama was forced to leave the Chicago church where Wright delivered sermons during the 2008 Democratic primary because of inflammatory comments Wright had made regarding race and September 11.

The document also claimed Obama had presented himself to the public as a "metrosexual, black Abe Lincoln."

Super PACs are barred by law from coordinating campaign spending with the official campaigns and the candidates officially cannot influence what advertising messages they pursue, though they can publicly condemn them.

Rebekah Metzler is a political writer for U.S. News & World Report. You can contact her at rmetzler@usnews.com or follow her on Twitter.

Tags:
fundraising,
2012 presidential election,
Barack Obama,
Mitt Romney

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I do hope for the US citizens to vote for the right presidential candidate that will make a difference to the middle class, create a law that will continue to treat everyone with dignity and respect in the workplace and equal employment regardless of ethnicity. There will be peace and harmony with one another. We can provide quality of service and thus maximize our customer base. Eventually, tax revenue will increase with good governance and good ethical leadership. Only former President Clinton realized the historical "economic surplus" followed by my chosen candidate that came from a humble beginning thus can feel the pain and challenges of the financially disadvantaged. I will share my little something amount plus prayers to my chosen candidates The Obama and Biden team. I chose such candidates for I can feel their sincerity toward the needs of others. I have nothing against the other candidates for they all have the desires to serve others. They are not perfect for they're all humans. But President Obama and Joe Biden have unique qualities.

just like the partnership and leadership of Hon Bill Clinton and Hillary Clinton. They are my inspiration to all the challenges that I'm going through in this country. Eventually, I can still hope that my dreams will be realized with God's will and with my positive attitude under the leadership of President Obama, Secretary Hillary Clinton, Joe Biden and their advisor former President Clinton. I just hope and pray that the four of them will remain strong and young in minds and have quality strategic planning forever. They can't do it by themselves to solve our problems but with our valuable cooperation nothing is impossible that our country will be worth living for.

Thank you for giving me the space to share how I feel and my voice was heard to exercise my freedom of speech. Hope we should not only based the winnings on the majority of financial outcomes (donations) but we should be intelligent enough to choose a candidate that has the majority of good qualities as an effective leader.

Mrs Lee of WA 1:51AM May 18, 2012

GOVERNMENT IS NOT A CORPORATION AND NOT RUN LIKE ONE.

THE MEDIA has refused to challenge Romney’s false assumption that as former businessman he is best suited to run America’s government than a President with no business background. Yet, there is little evidence to support Romney’s assumption, and the compromised media still happily go along. While some businessmen have done well as President, there is little to support the notion that businessmen generally make the best Presidents. Bush, and especially Cheney, had ample business experience. Look what mess they made in office: they ran a buoyant, surplus-rich economy into the ground triggering the near collapse of the US and world economy! Remember Hoover, the Great Depression and “Hooverville.” On the other hand, look at the historical achievements of Presidents with no business experience: Lincoln, FDR, and more recently who took the country to the path of robust prosperity.

Often, businessmen when they happen to become Presidents, tend to follow a model in which they increase their personal tax advantage, sell off chunks of major government assets to the private sector at bargain prices (usually to their supporters), lay off a lot of people (who then become wards of the state) and squander the nation’s advantage in foreign adventurism in hope fostering an image of strength in international politics. This is an old trick. During pre-colonial era in Africa, leaders of major cosmopolitan European powers sat in a room to give themselves territories they never visited or known well. That is how businessmen do things. Again, look at the mess they made in Africa and Asia.

Government is not a corporation, and should never be run as one. Business is all about profit; government is about the common good! Therefore, there are many things government do that business is not suited or willing to do. Partly for that reason, we do not elect our President based on the economy alone (a self-serving mantra for Romney and many Republicans). We also want a President that has character, empathy, one that cares about the rights and suffering of others. Washington Post Moraniss reveals in his biographical installments on Obama and Romney that even as a Mormon preacher in Paris, Romney was unable to connect with people and made few converts. We want a President that is smart about foreign policy. We want a President that we can trust, not one who is trigger-happy. We want a President that cares about all the people not just a few (Romney, without equivocation, embraces the Ryan Budget, a budget that cuddles the rich and persecutes the poor and middle class). Romney and Ryan pity the rich and powerful and “forgot the dying birds.” We want a President that tells the truth not lie when it is convenient. While we believe that corporations are not people, we as well believe that a President should not run government like a corporation, or the people suffer!

Dr. Sam of CA 6:17PM May 17, 2012

NO. THERE IS NO MASS APPEAL HERE. Nearly all of this money was contributed by a few millionaires and billionaires.

Dr. Sam of CA 6:15PM May 17, 2012

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