July 1, 2012

Obama Pleads for Money from Air Force One

President Obama recently held a conference call with donors originating from Air Force One. (It’s apparently legal because the Obama Campaign has installed a special phone on the plane that they are paying for.) He didn’t sound all that positive about his chances in November.

The Daily Beast reports:

President Obama sounded weary and maybe a tad worried late Friday during a rambling conference call with campaign donors whom he repeatedly begged to send money—and send it now.

“The majority on this call maxed out to my campaign last time. I really need you to do the same this time,” the president said in a highly unusual (and presumably legal) fundraising pitch from Air Force One on his way back to Washington from Colorado Springs, where he’d been assessing the terrible damage caused by uncontained wildfires. A special phone on the government aircraft is dedicated to political calls that are paid for by the campaign.

“I’m asking you to meet or exceed what you did in 2008,” the presidential pitchman continued, speaking to donors who were invited to dial in based on their contributions during the last election. “Because we’re going to have to deal with these super PACs in a serious way. And if we don’t, frankly I think the political [scene] is going to be changed permanently. Because the special interests that are financing my opponent’s campaign are just going to consolidate themselves. They’re gonna run Congress and the White House.”

The president’s 18-minute pleading—a recording of which was provided to The Daily Beast by an Obama contributor—hardly sounded like a man doing a victory lap after Thursday’s Supreme Court ruling upholding Obamacare, as the Affordable Care Act has come to be known. Or, for that matter, like a candidate who has been beating his Republican opponent in recent polls of key battleground states.

Rather, Obama sounded like a dog-tired idealist forced to grapple painfully with hard reality. “In 2008 everything was new and exciting about our campaign,” Obama said. “And now I’m the incumbent president. I’ve got gray hair. People have seen disappointment because folks had a vision of change happening immediately. And it turns out change is hard, especially when you’ve got an obstructionist Republican Congress.”

I am getting the same vibes from this guy that I got from Jimmy Carter in 1980. Enough with the whining, Mr. President. Grow-up already, will ya?

by @ 11:02 am. Filed under Barack Obama, Fundraising

June 28, 2012

Email From Mitt

This just appeared in my inbox:

Mark,

Today, the Supreme Court upheld Obamacare. But regardless of what the Court said about the constitutionality of the law, Obamacare is bad medicine, it is bad policy, and when I’m President, the bad news of Obamacare will be over.

It was always a liberal pipedream that a 2,700 page, multi-trillion-dollar Federal Government takeover of our health care system actually could address the very serious problems we face with health care. With Obamacare fully installed, government will reach fully half of the economy – that is the recipe for a struggling economy and declining prosperity.

On Day One, I will work to repeal Obamacare to stop the government’s takeover of our health care and intrusion in our lives. I will push for real reform to our health care system that focuses on helping patients and protecting taxpayers.

We cannot afford Barack Obama’s on-the-job learning, Big Government proposals, and irresponsible spending. Our basic liberties are at stake – and I will fight to restore our freedoms, renew the respect for our Constitution, and halt the government takeover of health care.

This November it’s all on the line. The stakes couldn’t be higher.

Donate $10 or more to put a stop to the policies of Barack Obama and the liberal Democrats.

Thanks,

Mitt Romney

 

by @ 1:39 pm. Filed under Campaign Issues, Fundraising, Mitt Romney

Bumped: Mitt Romney Cashing In ***Updated *** x2 x3 x4

Here is one consequence of the Supreme Court upholding ObamaCare:

 *Update*

It’s now up to $375k

*Update 2*

Make that $1M.

*Update 3*

It’s up to $1.1M.

*Update 4*

It’s now up to $1.5M and 13,500+ donors.

by @ 1:00 pm. Filed under Campaign Issues, Fundraising, Mitt Romney

June 22, 2012

You Can NOT Make This Stuff Up

The following is posted on Obama’s official Campaign blog:

Sometimes there is no need for any further comment.

by @ 1:47 pm. Filed under Barack Obama, Fundraising

June 7, 2012

Romney/RNC Raised $77 Million in May – Outraises Obama/DNC

Whoa…

Boston, MA – Today, Romney for President, Romney Victory, and the Republican National Committee announced fundraising totals of over $76.8 million in May. The campaign and RNC have $107 million cash on hand.

Announcing the numbers, Romney Victory National Finance Chairman Spencer Zwick said, “We are encouraged by the financial support from a broad range of voters. To them, whether they are Republican, Democrat, Independent, a first time political donor, or a former Obama donor, this is not just a campaign; it’s an opportunity for the country. It is clear that people aren’t willing to buy into ‘hope & change’ again. Voters are making an investment because they believe that it will benefit the country.”

“Our strong fundraising is a sign that Americans are tired of President Obama’s broken promises and want a change of direction in the White House,” said Republican National Committee Chairman Reince Priebus. “We will continue the hard work of raising the resources to defeat President Obama so that we can elect Mitt Romney and Republicans up and down the ballot to get our country on the right track again.”

FAST FACTS About Romney For President, Romney Victory, and RNC Fundraising:

· Over $76.8 Million Raised In May
· 93% Of All Donations Received In May Were $250 Or Less
· $12 Million Raised By Donations Under $250 In May
· 297,442 Donations Received Under $250 In May
· $107 Million Cash On Hand
· Contributions Received From All 50 States And Washington, D.C.

Per Carl Cameron (hat-tip Hot Air), Team Romney and the RNC outraised the Obama Campaign/DNC for the month.

by @ 9:44 am. Filed under Fundraising, Mitt Romney

May 31, 2012

More Signs of a Campaign In Trouble

Remember when the Democrats smugly boasted about raising a billion dollars for Obama’s reelection campaign? They were positively gleeful at the thought of it. They couldn’t stop talking about it. Well they don’t seem to be all that keen on billion dollar campaigns anymore.

From the Hill:

President Obama’s campaign team and top supporters are telling donors they need to get off the sidelines now so they can compete with GOP super-PACS waging an expected $1 billion campaign against them.

The deluge of cash from outside groups backing Republican Mitt Romney has prompted a sense of urgency among Obama’s supporters. Their message to donors is simple: send money now.

“The urgency is now, it’s not September 30th,” said one Democratic source who is working alongside the Democratic super-PAC group Priorities USA.

“It’s go-time. It’s time to step it up,” added a top Democrat involved in one of the outside groups working to reelect the president, who said the rallying cry wasn’t a “sense of defeat or a sense of demoralization. It’s just the reality.”

Obama’s campaign has worried for months. … They’re desperate to avoid falling far behind in a campaign cash arms race expected to shatter old fundraising records.

“It makes us nauseous just thinking about all that money,” the Democrat added. “We won’t get to a billion dollars but we’ve got to keep it somewhat competitive.”

“It makes us nauseous just thinking about all that money,” the Democrat [said].

Hmmm. They’ve changed their tune a bit, haven’t they? I wonder why?

by @ 11:52 am. Filed under Barack Obama, Fundraising

May 23, 2012

Money Starting to Flow for Mitt *Updated and Bumped*

From ABCNews:

Romney Rakes in $3 Million at Connecticut Fundraiser, Supporter Says

Mitt Romney is in the middle of a fundraising blitz. After a successful Florida swing that brought in about $10 million, his campaign says it expects fundraisers in Connecticut and New York Sunday, Monday, and Tuesday to bring in another $10 million.

At a fundraiser at the Waldorf Astoria in New York Monday, National Finance Chairman Spencer Zwick said to about 250 donors, “We will raise more than $10 million and potentially substantially more than that,” according to a pool report.

$20 million for about a week’s worth of work. Not bad. It will be interesting to see what the numbers for the month of May will show when the report comes out next month.

***Update***

Mitt took in a cool $5 mill last night in New York. Chris Christie showed up to help goose the numbers.

by @ 9:00 am. Filed under Fundraising

Thomas Massie Wins KY-4 GOP Nomination

If you haven’t heard of Thomas Massie yet, you should. He is now the Republican nominee for U.S. House of Representatives in Kentucky’s fourth district. As Lewis County judge-executive, he paid for his first three year’s salary entirely by cutting waste from other parts of the budget. Endorsed by the Club for Growth, Massie opposes all bailouts and government “stimulus” bills, and supports tax reform, entitlement reform, and eliminating the Department of Education. The outgoing Congressman Geoff Davis has enjoyed a decade-long reign as a popular incumbent, but KY-4 is by no means a completely safe seat. It was represented by a Democrat as recently as 2004. If there’s a congressional candidate you send a few dollars to this season, consider helping out Massie, who certainly represents a bright future for the GOP.

by @ 3:54 am. Filed under 2012 Misc., Conservatism, Fundraising, Republican Party, Spending

May 17, 2012

Romney Campaign Raises $40 Million in April, Nearly Matching Barack Obama’s Total

From the official release:

Boston, MA – Today, Romney for President, Romney Victory, and the Republican National Committee announced fundraising totals of over $40.1 million in April. The campaign and RNC have $61.4 million cash on hand.

“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 Romney Victory National Finance Chairman Spencer Zwick. “Along with the hard work of the Republican National Committee, we will continue to raise the funds necessary to defeat President Obama in November.”

“Voters are tired of President Obama’s broken promises,” said Republican National Committee Chairman Reince Priebus. “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. 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.”

FAST FACTS About Romney For President, Romney Victory, and RNC Fundraising:

· Over $40.1 Million Raised In April
· 95% Of All Donations Received In April Were $250 Or Less
· $10.1 Million Raised By Donations Under $250 In April
· 259,836 Donations Received Under $250 In April
· $61.4 Million Cash On Hand
· Contributions Received From All 50 States And Washington, D.C.

More from NPR:

The campaign for GOP presidential contender Mitt Romney and the Republican Party together raised $40.1 million in April, just shy of the $43.6 million that President Obama and the Democratic Party took in.

This is the first monthly report since Romney effectively wrapped up the Republican presidential nomination. And because money is one way to keep score during a presidential campaign, the news is getting a great deal of attention from the political media this morning.

Politico points out that “it’s a strong showing for Romney and his allies as they move into the general election. The clearer test of the Obama-Romney fundraising match-up will come with the May money reports, since that’ll be the first time both candidates will be raising campaign and victory money for the entire month.”

The Los Angeles Times says the April figures signal that Romney is beginning to “chip away” at Obama’s fundraising advantage.

Full story here.

by @ 6:30 pm. Filed under Barack Obama, Fundraising, Mitt Romney

April 22, 2012

The Problem With “Safe”

Buzzfeed has a few disconcerting charts comparing Romney’s March fundraising to Obama’s, and to Bush’s ’04 March fundraising:

 

As others have pointed out, it’s not entirely reasonable to compare gross fund-raising, at the tail end of a bruising primary, to fund-raising by an incumbent President.  But there are at least two worrying signs.  First, let’s look at how Romney’s gross fund-raising stacks up to past challengers during equivalent periods of the campaign.  We have two recent examples: McCain and Kerry (I won’t include Obama ’08, because Obama was- at this time- still locked in a primary battle).    McCain wrapped up the nomination a few weeks before Romney did so let’s average his February and March numbers.  In February, McCain brought in 11,014,611 and in March he brought in 15,192,499.  So, at an equivalent in the campaign, McCain was bringing in around 13 million a month.  In ’04, Kerry was acknowledged as the de facto nominee by February.  In that month, Kerry raised 7,939,901.  These two numbers track, roughly, with Romney’s 12,592,728 in March.  Kerry’s, even when adjusted for inflation, is a little less robust, and McCain’s is a little more robust.  Despite Romney’s relative fund-raising prowess, he has yet to demonstrate an ability to significantly outraise past, losing campaigns.

The second worrying sign comes in the data given by the bottom two charts: Romney is extraordinarily reliant on large donors.  Just 13% of Romney’s donations come from donors who’ve given less than $200.  46% of Obama’s fund-raising comes from such donors.  Even if, like past nominees, Romney significantly ratchets up his total fund-raising, he will not be able to maintain parity with Obama as the campaign wears on unless he can drastically increase that 13% number.  There are only so many large donors.  Even with RNC coordination, there are limits on how extensively these donors can be tapped.  Without serious grassroots support, Romney will be overly reliant on Super PAC efforts.  Super PAC efforts he can’t control and which will not always jive with his message.

In the coming months, Romney will have the opportunity to cultivate the grassroots support and enthusiasm which has thus far eluded him.  It’s possible he will succeed.  But if he doesn’t, his campaign ought to re-evaluate what seems to be an operating assumption: that a running-mate ought to, above all, “do no harm”.  They ought to remember that Sarah Palin doubled John McCain’s fund-raising and that, had McCain not accepted public financing for the general, her presence might well have brought the campaign closer to financial parity in the closing months.  When looked at in the context of fund-raising, a running-mate of significant presence- one with a connection to the grassroots, or well-loved by rank-in-file voters- could generate 10s of millions of dollars in additional fund-raising.  Even in the short, convention-to-election time-frame.  That’s probably reason enough to eschew someone like Rob Portman.  Surely there are potential running-mates who’d comport themselves well on the trail, and boost Romney’s fund-raising.

-Matthew E. Miller can be contacted at Obilisk18@yahoo.com

by @ 10:29 am. Filed under Fundraising, Veep Watch

April 16, 2012

The Law of Supply and Demand Still In Force. Bummer

Buzzfeed reports of a new Romney fundraiser email. It’s the first one I’ve seen that talks of joint fundraisers for Romney, the RNC, plus other committees:

From: “Richard Stormont”
Date: Apr 15, 2012 3:49 PM
Subject: Governor Romney for President

The campaign is now moving into its next phase with the formation of “Romney Victory.” This is a joint fundraising committee established between Romney for President, the RNC and a number of battleground fund states. Romney Victory will make it easy for a donor to make one contribution to fund various committees focused on the election. The legal maximum that an individual can donate to Romney Victory is $75,800. The campaign is asking people who are able to make a $50,000 contribution to do so today and become a “Founding Member” of Romney Victory. These donors will be invited to a special retreat with Governor Romney in late June in California and will have preferred status at the first Presidential Inaugural retreat as well as yet to be determined access at the Republican National Convention in Tampa in August.

As for our Georgia efforts, Governor Romney will be returning to Atlanta on June 11th to participate in two Romney Victory fundraising events.

The first event will be a reception which will be 1K per person/2K per couple to attend and 10K per couple to get a photo with Governor Romney. 10K represents a maxed out couple, giving $2500 each to both the primary and general election. Please keep in mind that while we are now accepting general election funds, we are still raising primary dollars. Contributions made to Romney Victory will first go toward the primary election account and then once an individual has reached their $2500 limit, the general election account. We are forming a host committee for this event, asking each host to raise 25K. There will be a private reception for the host committee with the Governor prior to the event.

The second event on the 11th will be a private dinner at a home in Buckhead that is being co-chaired by Tom Bell, Fred Cooper, Bernie Marcus and Jeffrey Sprecher. This dinner will be for “Founding Members” of Romney Victory who contribute 50K.

When Mitt Romney came to Reno, I was invited to a $50 a plate dinner with him. Back then he was just one of four Republican Presidential candidates. Now he is the presumptive nominee, and stands a very good chance of becoming the next President of the United States. Suddenly everyone wants a piece of him.  Everyone wants to be seen with him. The demand has sky-rocketed. The supply has unfortunately remained the same. There is only one of him.

Every student who has ever taken Econ 101 knows that when the supply remains the same and the demand skyrockets, the price skyrockets, too. We can moan and complain about it all we want — the Liberals do it all the time — but basic economic laws are inviolate.

The fact that we are headed into an extremely expensive general election doesn’t help matters, either.

That “first Presidential Inaugural retreat” is cute. I am guessing it is referring to an event to be held if Romney wins the election. Let’s hope those contributing get to go to it. :-)

by @ 7:08 am. Filed under Fundraising, Mitt Romney

April 13, 2012

How Romney Won the GOP Nomination

Memories and Lessons of a Just-Completed Campaign

Now that the primary season has all but officially ended (mercifully and at last), it is time for political analysts to look back at the yearlong trek that got us Nominee Romney and see what conclusions we can draw from this prolonged fight. There are several things that led to Romney’s success this time around:

The Job Interview
At first glance, it may seem the most cogent lesson is the simplest one: the Republicans once again nominated their next-in-line candidate. Just as John McCain, Bob Dole, George H.W. Bush, Ronald Reagan, and Gerald Ford before him, Romney was widely perceived as “earning his turn,” so to speak. But there is something going on at a deeper level here – why (with the notable exception of George W. Bush) does the modern GOP seem to hand their nomination to the next-in-line? After all, this is a truism, a force, strong enough to revive John McCain from political death a thousand times over in 2008. And it was enough to protect Romney from one of the most anti-establishment, angry conservative electorates in recent memory. How?

It has been said that the Republicans treat their primaries much like a job interview, while Democrats treat theirs like a dating game – a comparative analogy that has some heft behind it to be sure. Democrats get excited about insurgent candidates that send thrills up their legs, whereas Republicans like to sit back and determine whether our candidates have the experience necessary for the job. Looking at the 2008 primaries in an parallel universe, then, we wouldn’t have been surprised to see a Mike Huckabee vs. Hillary Clinton general election matchup – where Huckabee had won the Democratic primary and Hillary the Republican one.

Insurgent candidates are just not built to survive modern Republican primaries. And so Romney perhaps had the huge advantage in this way from the outset: with no Huckabee and no Palin in the mix, he was the only “serious” candidate applying for this job. Michele Bachmann, Herman Cain, Newt Gingrich, and Rick Santorum were never going to pass the job interview process. Jon Huntsman and Rick Perry both had a chance based on the resumes they had submitted, but as soon as they were called in for a face to face interview they were both summarily dismissed from contention. And so, after inspecting each of the job applicants in turn, ultimately the Republican Party ended up calling the candidate that looked the most attractive at the beginning of the process and saying, “You’re hired.” It’s a familiar process that makes sense for the “party of business” to follow.

Continue reading for Cycling Seppuku, I Can be Your Friend, Where in the World is Romney Sandiego, and “Establishment” Support…
(more…)

April 3, 2012

Romney and RNC to Jointly Fundraise

The Wall Street Journal reports that Mitt and the RNC are to begin joint fundraising efforts:

In a move that shows Republicans are coalescing around the party’s front-runner, Mitt Romney plans to begin raising money jointly with the Republican National Committee this week as both the candidate and the GOP brace for an expensive general-election fight against President Barack Obama.

The arrangement will allow top donors to write checks as large as $75,000 per person, by giving to party organizations in addition to the campaign. That’s far more than the $2,500 ceiling that applies to individual donations to a presidential candidate for the fall election.

The move reflects a general clamor within the party to begin amassing the funds needed to compete with Mr. Obama’s fundraising operation, Romney and RNC advisers said. “Our donors are ready to mobilize for November,” said Andrea Saul, a Romney spokesperson. For the Republican nominee to be able to compete with the president’s re-election effort, “they need to get started now.”

To maintain the fig leaf of their neutral-until-nominee-chosen requirement, the RNC also invited the other three contestants left in the race to participate. This placed the three in an awkward position. If they declined, Mitt gets to be the sole representative of the party stumping for funds and reinforces the image that he is the inevitable nominee. If they accepted, then their already struggling campaigns would have to shake their increasingly barren money-trees to fund someone else. It would also provide yet another side-by-side metric to show how weak they are in comparison to Mitt.

They all declined.

(h/t: Jeff Fuller)

by @ 8:13 am. Filed under Fundraising, Republican Party

March 21, 2012

Fundraising Leaderboard: February 2012 Edition

Lost in the news of Romney’s major win in Illinois last night were the campaign fundraising filings with the FEC.

After raising $6.5 million in January, Romney raked in a massive haul of $12 million in February. (So much for all those vaunted news reports speculations that Romney was running out of donors.) Likewise, Santorum doubled his haul as well, going from $4.5 million in January up to $9 million in February. Even with that impressive take, however, he still falls $3 million short of Romney for last month (and $5 million short for the quarter so far).

Gingrich and Paul both saw their fundraising slide last month — Paul from $4.5 down to $3.3 million and Gingrich from $5.6 down to $2.6 million. Clearly, Gingrich is going to run into huge financial issues soon and won’t be able to stay in the race whether he wants to or not. His money woes are compounded by the fact that his cash on hand is now actually less than his campaign debt.

Without further ado, here is the February 2012 Fundraising Leaderboard (in order of financial strength, cash on hand less debts owed):

2012 February Monthly Fundraising Leaderboard
Rank Candidate Raised For Primaries Other Revenue Cash on Hand Debt
1 Romney $11.96 million $7.27 million
2 Santorum $9.00 million $2.59 million $0.93 million
3 Paul $3.27 million $1.37 million
4 Gingrich $2.63 million $1.54 million $1.55 million
by @ 9:40 am. Filed under Fundraising

March 5, 2012

The Billion Dollar President Can’t Spare a Dime For Fellow Democrats

John Bresnahan reports on Politico:

President Barack Obama has a bleak message for House and Senate Democrats this year when it comes to campaign cash: You’re on your own.

Democratic congressional leaders, including Senate Majority Leader Harry Reid and House Minority Leader Nancy Pelosi, have privately sought as much as $30 million combined from Obama for America and the Democratic National Committee — a replay of the financial help they received from Obama in 2008 and 2010.

But that’s not going to happen, top Obama aides Jim Messina and David Plouffe told Reid and Pelosi in back-to-back meetings on Capitol Hill on Thursday, according to sources familiar with the high-level talks. It was a stark admission from a presidential campaign once expected to rake in as much as $1 billion of just how closely it is watching its own bottom line.

Messina and Plouffe told the two Hill leaders that there would be no cash transfers to the Democratic Congressional Campaign Committee and Democratic Senatorial Campaign Committee from OFA or the DNC, at least not before Election Day, the sources said.

Hill Democrats won’t be seeing much of Obama at their own fundraisers this year, either. Obama has offered to do one money event each for the DCCC and DSCC. OFA officials suggested Vice President Joe Biden do two fundraisers for each campaign committee. Obama will instead send out an email and fundraising letter solicitations for both committees.

Nor, for that matter, have Obama or Biden committed to do events for individual Democratic lawmakers. That’s true even though 23 Democrat-held Senate seats are up for grabs in a competitive battle for control of that chamber. And no fundraisers have been scheduled yet for House and Senate Democrats with Cabinet officials, usually a staple of an election-year calendar for incumbent presidents looking to boost their party’s prospects.

Of course, what this news also points out is Obama is having a tough time raising cash this cycle in spite of all the “Billion Dollar” talk we’ve been hearing. Truth be told, he hasn’t even kept up with George W. Bush’s pace eight year ago. From Hot Air:

The fundraising pace for Obama’s campaign itself, and not the total with the DNC, has actually lagged slightly behind that of George W. Bush in 2004.  The amounts  have also fallen a bit each time in the last two quarters.  I’ve noted that at each disclosure point in 2011 and projected the eventual total to somewhere around $250 million — a substantial number and certainly good enough for a three-month general election campaign, but the billion-dollar behemoth is as likely as a the Loch Ness monster giving an interview over the summer.

Yup, that’s just how you win elections: Fire up the opposition, alienate the center, and then blow off your own side.

Tell me again what a political genius Barrack Obama is?

by @ 1:45 pm. Filed under Barack Obama, Fundraising

February 21, 2012

Fundraising Leaderboard: Jan 2012 Edition

The January fundraising reports have been filed with the FEC, and here’s how our four remaining candidates fared (in order of financial strength, determined by cash on hand less debts owed):

2012 January Monthly Fundraising Leaderboard
Rank Candidate Raised For Primaries Other Revenue Cash on Hand Debt
1 Romney $6.54 million $7.68 million
2 Paul $4.48 million $1.64 million
3 Santorum $4.51 million $1.47 million $0.96 million
4 Gingrich $5.59 million $1.79 million $1.73 million

At the end of February, Romney remains in a class all his own when it comes to fundraising. His $2 million advantage in one month would equal a $6 million advantage over the course of a quarter. And his cash on hand totals put him in the strongest position by far moving forward. Santorum and Gingrich, meanwhile, have each added to their debt in what should have been one of the strongest months for their campaigns. This illustrates the massive fundraising advantage Romney jumped out to early on – and how having all that cash on hand comes in quite handy when it comes down to crunch time.

by @ 8:35 am. Filed under Fundraising

February 3, 2012

From the ‘What-Did-They-Expect?’ File

From the Huffington Post:

Obama Wall Street Fundraising Evaporates As Donors Flee To Romney

President Barack Obama has been abandoned by the world of finance.

Over the course of the 2012 election, his presidential campaign has received about one dollar in donations from the financial sector for every five dollars given to his top competitor, Mitt Romney, according to figures provided by the Center for Responsive Politics (CRP). During the final three months of 2011, however, the margin has widened dramatically.

In the fourth quarter of 2011, Romney raised $1.49 million from employees of those 68 companies while the president’s reelection campaign raised just $127,000 — an 11.7-to-1 ratio. It was the most lucrative quarter for Romney yet.

“Clearly it was a great quarter for Romney, in terms of fundraising from Wall Street and from securities and banking firms, in particular the biggest one,” said Sheila Krumholz, CRP’s executive director. “It is not surprising that he was able to do that. It is just surprising how rapid the shift has been towards him and away from Obama.”

The abandonment of the president by the financial sector has, indeed, been remarkable in scope and speed. Some of the very companies whose employees cut checks for Obama in 2008 now seem fully devoted to funding his competitor in 2012.

Four years ago all these Wall Street types flocked to Obama in spite of his anti-business, pro-redistribution rhetoric. “He’s so reasonable, so cerebral, so inspiring, so … cool! Why, just look at that crease in his pant leg. He can’t possibly mean all that crazy stuff.”

Surprise! He really DID mean it. After four years of being the political punching bag for this administration, after repeatedly passing open-ended regulations like ObamaCare and Dodd-Frank, after four  years of being made the scapegoat for the economy, the financial sector has had enough. It’s finally sunk into their heads that maybe, just maybe in spite of that great crease in his pants, Obama might be a bad investment.

Gee, ya think?

(more…)

by @ 11:43 am. Filed under Barack Obama, Fundraising, Mitt Romney

February 2, 2012

Move — Countermove

On the night of the Florida Primary, Mitt called for Obama to serve only one term. He launched a donation site called “One Term Fund” to serve as a base for a one million dollar money bomb.

Within 24 hours Obama’s campaign had launched their own money bomb site entitled “Two Term Fund” asking for two million dollars. On the site, they reference Mitt’s action:

Mitt Romney’s campaign just launched his One-Term Fund with a million-dollar goal.

Here’s why, in Mitt Romney’s words: “We must not forget what this election is really about: defeating Barack Obama.”

Don’t let that happen. Make a donation today.

So already at this early stage of the game, we see where Mitt is acting, and Obama is reacting. Mitt makes a move. Obama makes a move to counter Mitt’s move.

Mitt is obviously inside of Obama’s head. Obama and his people might claim that they aren’t worried, but actions speak louder than words.

by @ 8:33 pm. Filed under 2012 Misc., Barack Obama, Fundraising, Mitt Romney

January 31, 2012

Q4 Fundraising Leaderboard: Official FEC Edition

Here are the fundraising totals for all the candidates, as per the FEC year-end reports filed today (except Ron Paul, whose report hasn’t been posted yet). Cash on hand is as of the end of 12/31/11.

Updated: Added Ron Paul’s information.

2011 Q4 Fundraising Leaderboard
Rank Candidate Raised For Primaries Other Revenue Cash on Hand Debt
1 Romney $24.28 million $19.92 million
2 Paul $13.32 million $1.90 million
3 Cain $11.48 million $0.99 million $0.58 million
4 Gingrich $10.17 million $2.11 million $1.20 million
5 Perry $2.91 million $3.76 million $0.09 million
6 Bachmann $1.71 million $0.36 million $1.10 million
7 Huntsman $1.10 million $0.30 million1 $0.11 million $3.77 million
8 Santorum $0.90 million $0.02 million1 $0.28 million $0.20 million
9 Roemer $0.10 million $0.005 million1 $0.009 million $0.005 million

1Indicates candidate self-funding

by @ 10:13 pm. Filed under Fundraising

January 14, 2012

Santorum Fundraiser – Get a Sweater Vest


Playing off the fact that he’s been rocking the sweater vests on the trail, for a $100 donation – you can get an official Santorum sweater vest. Here’s the link.

Not to ask you to donate – donate to who you will, but I find it amusing that Santorum’s making this offering. Here’s the press release with emphasis below by me:

For a limited time, donate $100 or more using the form below, and we will send you an official Rick Santorum For President sweater vest. Perfect for demonstrating solidarity with true conservatives, this vest is a great way to show your support for Rick. It’s 100% cotton, made in the USA, comes in grey, and is yours for your contribution of $100 or more. Don’t let sleeves slow you down — donate today

by @ 3:00 pm. Filed under Fundraising, Rick Santorum

January 5, 2012

Fundraising Numbers Begin to Trickle In

Rumors and reports of the fourth quarter fundraising numbers are flying around, and that means it is time for the return of the Race42012 Fundraising Leaderboard!

Last week, a Gingrich campaign official told reporters that the Gingrich campaign would be reporting about $9 million raised in Q4 – a respectable if not overly impressive haul. Meanwhile, Ron Paul is saying his campaign raised $13 million, a number which will more than likely place him second only to Mitt Romney. And as for Romney, his campaign is only officially saying the 4Q was their best quarter yet for fundraising, meaning they raised over $18 million; however, insiders are saying the number will be north of $20 million.

The rumors for Perry are still that he raised around or less than $5 million. Rick Santorum has openly admitted that his 4Q numbers will be “embarrassing” when they are publicly released (way to get out in front of a story, I guess…). Since he has yet to break a million dollars raised in this race, I’m guessing that trend continued in the 4Q. Luckily for Santorum, that dry spell is coming to an end after his incredibly close second place in Iowa, but his cash on hand total cannot be good news for a man who is tasked with building a national organization overnight. And as for Jon Huntsman… who knows what his numbers will be. What is known is that Huntsman recently sent out a fundraising appeal to his supporters for $100,000 so he could continue running TV ads in New Hampshire… that’s never a good sign.

So with all that, here is the first rendition of the leaderboard based solely on rumors — no official numbers in here yet:

2011 Q4 Fundraising Leaderboard
Rank Candidate Raised For Primaries Other Revenue Cash on Hand Debt
1 Romney $20 million+
2 Paul $13 million
3 Gingrich $9 million
4 Perry $5 million
5 Huntsman ?
6 Santorum $1 million
7 Roemer ?
by @ 3:11 pm. Filed under Fundraising

December 29, 2011

Super-PACs

Super-PACs are one of the things that happen when well-meaning people decide that they are going to remove money from politics. They don’t stop and think that what they are really doing is attempting to limit political speech, which is anathema to the American system. Politics requires money, and Americans want to give money to the candidate, party and cause of their choice. So the money is going to flow from the source to the need no matter how many dams high-minded but short-sighted souls erect to stop it.

Currently their favorite tactic is to limit the amount any one person can donate. All this really accomplishes is to force our elected representatives to spend inordinate amounts of time raising a bucket load of cash one thimble-full at a time, and enable the rise of the “bundlers”. It also creates and feeds the Frankenstein monster known as the Super-PAC.

Super-PACs have no donation limit. They do, however, have the restriction that no candidate or party may control, coordinate with, communicate to, or influence them in any way, shape or form. That rule creates a loose cannon that can end up hurting the very candidate they were created to help.

Two examples from this year’s election illustrate my point: (more…)

by @ 11:36 am. Filed under Fundraising, Michele Bachmann, Mitt Romney, Newt Gingrich

November 17, 2011

Perry Fundraising Dries Up, Set to Raise Just $3 Million in Q4?

The Houston Chronicle has an interesting article up this morning about Rick Perry’s fundraising woes in light of his continued debate gaffes:

Texas Gov. Rick Perry’s campaign fundraising has gone into a tailspin as a result of poor debate performances and plunging poll numbers, jeopardizing his position as the best-funded Republican presidential candidate of 2012…

But Perry’s loyal backers are running into resistance from Republican donors. One Perry fundraiser, who asked not to be named, said he received 15 RSVPs for a recent event from potential donors saying they might attend. But after a gaffe-marred Perry debate performance, none showed up

For good reason. The RealClearPolitics.com average of recent national polls places Perry fourth at 9.9 percent, down from his peak of 31.8 percent on Sept. 13. More ominously, new polls in the first two states to select presidential convention delegates show Perry languishing in fifth place in Iowa and New Hampshire as fellow Texan Ron Paul rocketed to second place…

Another Perry fundraiser said he expects the Texas governor to raise between $3 million and $5 million in the final three months of 2012 — less than one-third of what he generated in the first six weeks of his candidacy…

Perry reported having $15 million in the bank on Oct. 1 — more than any other candidate in the massive GOP field — but that number may be misleading because his campaign delayed payments of some salaries and other expenses until after the previous reporting period ended.

So thus far in Q4, Herman Cain – he of the Libya pause – has raised $10 million, and Newt Gingrich has raised $3 million. Meanwhile, Rick Perry has raised… what? A million and a half or so? Perry is spending millions of dollars on Iowa, New Hampshire, and national television and radio ads as we speak. If those ads fail to move his poll numbers, he simply will not have the money to compete come January or February.

UPDATE: Larry Sabato has updated his 2012 Presidential Possibilities rankings this morning, and the major move was dropping Perry down into the “pretender” category. Meanwhile, Cain slipped and Gingrich rose:

The Conteders
1. Romney
2. Gingrich
3. Cain

The Pretenders
4. Perry
5. Paul
6. Santorum
7. Bachmann
8. Huntsman
9. Johnson
10. Roemer

by @ 9:51 am. Filed under Fundraising, Rick Perry

November 10, 2011

Cain Campaign Raking in Huge Money

The Cain campaign reported today they have raised more than $9 million so far in the fourth quarter — roughly six weeks — and that 25% of that ($2.25 million) has come in since allegations of sexual harassment were made public on October 30.

Those are highly impressive numbers, and great news for a campaign that ended Q3 with just over a million dollars in the bank. (And that only after Cain put in roughly three quarters of a million of his own money.) Back on October 15 here at Race, I wrote that I would be surprised if Cain pulled in $10 million in Q4. I stand publicly corrected – and impressed. For all of Cain’s problems in this race, it certainly does not look like money will be one of them.

by @ 2:48 pm. Filed under Fundraising, Herman Cain

Gingrich Gets a Super PAC

Mitt Romney has Restore our Future.

Rick Perry has Make Us Great Again.

Michele Bachmann has Keep Conservatives United.

Herman Cain has Americans for Herman Cain.

Ron Paul has Revolution.

Jon Huntsman has Our Destiny.

And now, Newt Gingrich joins the fray with the backing of his very own Super PAC, begun just last night: Solutions 2012.

As always, with any reporting of Super PACs, we feel compelled to remind you: Super PACs can in no way collaborate or collude with candidates. They are independent entities that do not (or are supposed to not) have any contact with the official campaigns or any members therein. Thus, they are a double-edged sword: they present literally unlimited funding potential in support of candidates, but are somewhat loose cannons who cannot play into a campaign’s larger strategy. But this is a sign of Newt’s seriousness in this campaign now, and if some rich donors jump on board, this PAC may have the ability to make up for the fundraising that has, thus far, been sorely lacking in Gingrich’s campaign. (At the end of Q3 he had just $300,000 cash on hand with $1.2 million in debt.)

by @ 11:57 am. Filed under Fundraising, Newt Gingrich

November 8, 2011

Cain Money Bomb Goal Reached Early

Herman Cain’s $999,000 Iowa Money Bomb has hit its a goal, a full 28 hours early with contributions inching above the $1,000,000 mark.

by @ 8:38 pm. Filed under Fundraising, Herman Cain

October 25, 2011

Ron Paul Has Raised $3 Million in the Last 5 Days

From 44,000 individual donors.

[youtube]http://www.youtube.com/watch?v=YB5AA9kaITs[/youtube]

by @ 8:06 pm. Filed under Fundraising, Ron Paul

October 23, 2011

Report: Cain Raising $1 Million a Week for the Past Month

Whoa:

Herman Cain’s presidential campaign has been raising more the $1 million a week since Oct. 1, campaign spokesman J.D. Gordon told NBC News.

Be sure to read the full story here.

by @ 7:24 pm. Filed under Fundraising, Herman Cain

October 15, 2011

Cain Raking in Romneyesque Money?

Herman Cain’s 3rd Quarter began with many feeling he had no chance, but towards the end of the third quarter, Cain won the Florida straw poll and came on strong to top his Q2 fundraising. Stacy McCain reports Cain may be on our far more prodigious fundraising pace for the 4th Quarter. McCain qutoes a Republican Political strategist who notes the possibilities:

“They launched some Web ads, banner ads … and they are proving effective. … As they’ve already said, they raised two million bucks in the first two weeks [of October]. You project that out over the course of the quarter and you’re talking … Romney-esque fundraising numbers. … If you’re raising a million dollars a week, times twelve weeks, you’re talking twelve million bucks…you’re conceivably looking at a campaign that hits January 1st with, potentially, ten million bucks cash on hand.”

Of course, there’s no guarantee that the fundraising will continue at this pace which would put Cain at similar fundraising levels to Mitt Romney and Rick Perry. Fundraising may be more difficult because of the Holidays. On the other hand, Ron Paul raised $19.5 million in 4th Quarter 2007, so $12 or $13 million would not be an unachievable total for Cain.

Of course, raising money and spending it appropriately are two different things as Paul’s campaign illustrated. However, if Cain maintains this pace, questions about how he’ll compete in Florida, may fade away when 4th Quarter fundraising reports are released.

by @ 6:59 pm. Filed under Fundraising, Herman Cain

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