Ted Cruz’s campaign is reporting a solid entry of $10.0 million raised during the second quarter. Combined with the $4.3 million he raised in Q1, this brings Cruz’s fundraising total to $14.3 million so far. Again, as way of comparison, Mitt Romney raised $18.4 million in Q2’11, and every other candidates raised $4.5 million or less.
We’ve expanded the Fundraising Leaderboard below to include a column for Super PAC donations now, which will play a larger role during the 2016 campaign than ever before — but remember, the candidates cannot officially coordinate with Super PACs. They (supposedly) exist and act entirely independent of the campaigns themselves.
The FEC filing deadline for Q2 campaign finances is July 15, and as always, we will update the table below as more numbers come in.
|2015 Q2 Fundraising Leaderboard|
|Rank||Candidate||Raised For Primaries (Q2)||Other Revenue||Cash on Hand||Debt||Total Raised, All Quarters||Super PAC $|
|1||Cruz||$10.0 million||$14.3 million||$37 million|
|2||Carson||$8.3 million||$10.5 million||$20 million|
The Carson campaign says they raised a total of $8.3 million in the second quarter from donations that averaged $50 per person.
That total is a highly impressive number for a second tier candidate who is not a well known political figure, and speaks to Carson’s grassroots appeal in this primary campaign. For comparison sake, $8.3 million is well over the total of every candidate not named Mitt Romney in Q2’11. Back then, Ron Paul had raised $4 million, Pawlenty brought in $3.7 million, and Gingrich ended the quarter with a $2.1 million haul. Romney landed $18.4 million.
Hillary Clinton’s campaign says she will report $45 million in donations for the second quarter, in a Democratic primary that has little to no real competition. That total sets a record for non-incumbent fundraising, but falls short of both George W Bush and Obama’s totals while they were running for re-election.
FEC fundraising reports must be filed by July 15. As more campaign numbers become known, we will break out a beloved feature and update the Race Fundraising Leaderboard so you can keep tabs on how the campaigns are faring.
|2015 Q2 Fundraising Leaderboard|
|Rank||Candidate||Raised For Primaries||Other Revenue||Cash on Hand||Debt|
Breaking news from the invisible primary: Phil Rosen, billionaire activist and fundraising bundler, has chosen to endorse Senator Marco Rubio in the 2016 primary. Rosen will not only raise millions of dollars for the Rubio campaign, he will also serve as a foreign policy advisor.
Rosen, one of Mitt Romney’s top bundlers in 2012, was highly sought after … Rosen’s endorsement is significant for a few reasons.
1. Fundraising. Rosen is one of the leading bundlers in presidential politics…
2. Sheldon Adelson. Rosen is close with Sheldon Adelson, with whom he serves on the boards of the Republican Jewish Coalition (RJC) and Birthright Israel. Adelson is already rumored to be favoring Rubio and … adding Rosen can only help Rubio close the deal.
3. Walker v. Rubio Bellwether. Rosen, who is very well connected in New York City fundraising circles, is believed to have deliberated between Walker and Rubio for a while… As the Washington Post reported last week, Walker has struggled to make inroads among NYC donors, and Rosen perhaps serves as a bellwether for others deciding between Walker and Rubio.
Here’s the bottom line: all the candidates wanted Rosen. Early on, the article notes, he even donated to Ted Cruz’s campaign before jumping off that ship. In the end, it came down to Walker and Rubio, and Rubio won out. Now Senator Rubio gets “one of the leading bundlers in presidential politics” along with a strong advisor on foreign policy — and a huge chip to lay on the table when attempting to win the support of other bundlers and money men. If any of the anti-Bush candidates are going to defeat Jeb in the primary this year, they’re going to need two things: a lot of money, and for people to believe they can actually win. Rosen brings both to Rubio’s campaign.
Manhattan real-estate developer and hotelier Ian Reisner recently hosted a private fundraiser for U.S. Senator Ron Johnson (R – Wisconsin), Chairman of the Senate Homeland Security Committee. Holocaust survivor Sam Domb and former Republican National Chairman Ken Mehlman were among the leading Jewish Republicans and other conservatives who supported this effort.
Senator Johnson, who has begun campaigning for re-election in 2016, acknowledged the business leaders in the audience. He wondered, “Would any of you ask President Obama to negotiate on your behalf?” After the laughter subsided, Johnson listed his numerous concerns with Obama’s pending nuclear-weapons agreement with Iran’s dictatorship. Johnson also specified several amendments that he plans to introduce to assure that the U.S. Senate reviews and votes on this deal.
Those gathered at Reisner’s Central Park South penthouse included a bipartisan group of Jewish business leaders — both committed Republicans and several traditionally aligned with Democrats.
“As CEO of Major Automotive Companies, Inc.,” said Bruce Bendell, a longtime Democrat-leaning donor, “I respect Senator Johnson’s history as a business leader and now as someone who is dedicated to undoing the economic damage of the Obama years and restoring dynamic growth to our society.”
The participation of Bendell; American Foundation for AIDS Research (amfAR) founding trustee Jonathan S. Canno; and entrepreneur Tzvi Odzer, among others, reflects growing Jewish support for Republicans. This parallels the widening rift between Jews and Democrats in light of Obama’s abundant disrespect for Israeli Prime Minister Benjamin Netanyahu and the White House’s worrisome overtures to the ayatollahs.
“I saw up close the death and devastation of radical Islam at Ground Zero on the evening of September 11, 2001,” Ian Reisner recalled. “I don’t want to see New Yorkers once again incinerated by Islamic extremists from the Middle East.”
As the reception concluded, Kalman Sporn, Vice Chairman of the 2014 Republican Leadership Conference, presented Senator Johnson with a rare coin excavated at Masada, site of the Israelites’ brave stand against their Roman oppressors in the year 73 A.D. Sporn brought Reisner on his first trip to Israel in 2000, where they visited a military base and met Benjamin Netanyahu. Ian Reisner strongly has supported Jewish causes ever since, including Manhattan’s Museum of Jewish Heritage and the National Jewish Outreach Program.
Politico has the story:
A week after Election Day, three Republican governors mentioned as 2016 presidential candidates — Bobby Jindal, John Kasich and Bob McDonnell — each stopped by the Venetian Resort Hotel Casino to meet privately with its owner Sheldon Adelson, a man who could single-handedly underwrite their White House ambitions.
Planning a presidential campaign used to mean having coffee with county party chairs in their Iowa or New Hampshire living rooms. The courting of Adelson, a full four years out from 2016, demonstrates how super PAC sugar daddies have become the new must-have feature for White House wannabes.
And prospective candidates from both parties are wasting little time schmoozing potential super PAC funders.
Maryland Gov. Martin O’Malley is meeting with big donors in Los Angeles this week and has a fundraiser scheduled for next Monday in the Washington suburbs. Vice President Joe Biden, Republican Texas Gov. Rick Perry and Sen. Mark Warner (D-Va.) have been meeting with big donors, leaving the impression that they’re ready to run.
Full story here.
In yesterday’s post, I wondered aloud if Hurricane Sandy might impact the election in eleven days. Well, it already has.
A fundraiser for President Barack Obama was reluctantly cancelled Thursday night after the winds from Hurricane Sandy blew up a transformer and knocked out power to the event’s Wynwood venue.
The Young and Powerful for Obama had hoped to fill Cafeina Wynwood with song and drink and raise a few dollars along the way when it went dark just after 6 p.m.
Those already in attendance were told by security to drink up and leave because it was too dangerous.
I honestly doubt this will have that much affect on the big picture. The Obama Camp will hardly notice any shortfall of revenue from this little event. It probably wouldn’t amount to much more than a rounding error. Still, every little bit helps.
The debate season was very good to Mitt. ABC reports that his campaign raised nearly $112 Million the first half of October.
CINCINNATI — Mitt Romney has raised $111.8 million in the first half of October, a campaign aide said today.
“BOOM: In first half of October alone, @mittromney effort raised $111.8 million,” spokeswoman Andrea Saul wrote in a tweet.
In an e-mail to donors, Romney’s National Finance Chair Spencer Zwick wrote, “We are proud to announce that the Romney Victory Effort raised $111 million from Oct. 1-17.”
“We are a successful finance team because of you, the members of the National Finance Committee,” Zwick wrote. “In these final days of the campaign, we know that you brought us to this point and that your support will carry us through to victory on November 6th.” The impressive fundraising numbers come during the time period of three of the four debates.
Romney participated in presidential debates on October 3 and October 16, and his runningmate Paul Ryan faced off in the veep debate on October 11.
Saul announced following the first debate that the campaign had raised more than $12 million over 48 hours.
With that kind of cash, Romney will be able to finish strong in not only Ohio, but should be able to do some last minute campaigning in Pennsylvania, Wisconsin and other more risky states.
That kind of money goes a long way toward the GOTV efforts, as well.
The official Federal Election Committee reports for September are out, and Debbie Wasserman Schultz’s DNC is a complete wreck. The Democrats ended September with cash on hand of $4.6 million, compared to the Republican National Committee’s $82.6 million.
That’s nearly an 18-to-1 cash advantage for Republicans.
Worse still for the DNC, they had to take out loans to pay the bills so that they owed $20.5 million at the end of September, meaning that that (subtracting cash on hand from total debt) they were $15.9 million in the red — essentially bankrupt. Wasserman-Schultz’s committee only raised $3.7 million in September; at that pace, it would take them more than four months to clear their debt, even if they didn’t spend another dime in the meantime.
Couple that with the news that Obama had to take out a $15 Million loan for Bank of America, and you get a picture of a Democratic campaign that is in serious financial trouble.
Obama For America took out a $15 million loan from Bank of America last month, according to the campaign’s October monthly FEC report. The loan was incurred on September 4 and is due November 14, eight days after the election. OFA received an interest rate of 2.5% plus the current Libor rate.
With the Obama Campaign’s reputation for being a deadbeat, why would any sane lender loan them that kind of cash?
Political junkies know by now that when the fundraising numbers for each campaign are released every month, things are more complicated than they might seem. The numbers each campaign releases are usually the combined totals of three different entities: the campaign, the party, and the joint “victory fund” between the two. Between those three organizations, for instance, Romney and the RNC raised $171 million in September and began October with an eye-popping $191 million cash on hand.
Obama and the DNC announced earlier in October that their three groups had raised a total of $181 million in September — but have actively refused to tell anyone how much cash they had left for the final month of the campaign.
Well, the filings that will reveal all are due to the FEC no later than tomorrow… and two of the three pieces of the Democratic puzzle have filed their reports today. First, the joint Victory Fund reported raising $82.3 million and ending September with just $45 million on hand.
Then, the DNC reported ending September with only $4.6 million cash on hand — and carrying $20.4 million in debt. (For comparison sake, the RNC ended September with $86 million cash on hand.)
Adding those two pieces together, we get $49.6 million cash on hand… and $20.4 million in debt.
Obama’s campaign better have a ridiculous amount of cash on hand if he hopes to compete with Romney in these final weeks. Either way, their total is not going to come anywhere close to the Romney/RNC total of $191 million. We will know for sure tomorrow…
The Romney campaign released their fundraising numbers today, the same day as the second presidential debate this evening — and the numbers were rather impressive: $171 million raised in September, and $191 million cash on hand at the end of the month.
Remember, Obama’s campaign was trumpeting their total raised, which was $181 million. Romney didn’t beat him, but came awfully close — and a lot closer than most pundits expected, given how poorly of a month September was for Romney.
The huge deal with these numbers, however, is the cash on hand total. $191 million in the bank is an eye-popping, massive pile of coin to be sitting on for the final 38 days of a campaign. And Romney is using it to his benefit: last week was the first week of the entire campaign Romney outspent Obama in television advertising. By the looks of the bank account, that is a trend which will continue through election day.
In other words, Romney kept his powder dry, held his fire, until the opportune moment.
Meanwhile, over in Obamaland, the campaign is refusing to release their cash on hand total. That refusal makes one wonder… did Obama spend all of his vaunted $181 million he raised in September, only to see his lead squandered and erased in early October? Until we learn otherwise, it certainly would seem like it. At the very least, we know Obama’s cash on hand is not close to Romney’s. Otherwise, Team Obama would release the number to try and blunt Romney’s momentum.
The other big thing to take away from these numbers is that according to Andrea Saul, Romney’s campaign is raising money even faster so far in October than they did in September. This is pretty astounding, given the historical trend that October is the worst fundraising month for candidates (because they’re busy actually campaigning rather than fundraising) — but it makes a lot of sense given how energized Republicans have become after Romney’s first debate performance.
So Romney will likely have close to $300 million to spend in the month of October to close out this deal. The charts for fundraising and cash on hand are below:
UPDATE: Remember, these totals are actually from three different fundraising organizations on each side: the candidate, the party, and the joint victory fund between the two. So Romney’s numbers, for instance, include the Romney campaign, the RNC, and Romney Victory, Inc.