The monies involved with politics is OBSCENE!
What a waste..... clo
Mitt Romney fundraising sparks Republican fears
By JONATHAN MARTIN & ALEXANDER BURNS | 7/7/11 4:38 AM EDT
The Republican presidential fundraising reports are still coming in, but a clear winner has already emerged: Barack Obama.
Whoever claims the GOP nomination is going to find it close to impossible to keep pace with the president’s fundraising juggernaut.
That was the lesson of the first real quarter of the money chase, when it was revealed Wednesday that Republican frontrunner Mitt Romney—the GOP’s pale version of a cash-collecting machine—raised just over $18 million.
Romney’s haul was less than what he took in as a first-time candidate out of the gates four years ago. After the former Massachusetts governor, the numbers tailed off dramatically. Neither Tim Pawlenty nor Jon Huntsman even hit $5 million. Meanwhile, the Republican National Committee is mired in $18.5 million of debt.
As for Obama, his re-election campaign and a joint fund set up with the Democratic National Committee have ostensibly set a $60 million goal for the quarter – a sum Democratic sources say they’re sure to exceed when forms are filed with the Federal Election Commission on July 15th.
Obama officials have already disclosed that they had 493,697 individual donors give to the re-elect this quarter. That’s almost twice the amount of donors they had accumulated through the first two quarters of 2007, by which point they had raised $55.7 million for their Democratic primary battle. And it’s nearly five times the 105,000 donors Bush-Cheney’s re-election began with in 2003.
Republicans have long anticipated being out-gunned by Obama on the fundraising front, but the breadth of the disparity is now coming into plainer sight—and it has some party veterans worried about what they see as a lack of urgency over the cash gap.
“There’s not any doubt that Obama is going to raise more money than anybody has ever raised running for president,” said Henry Barbour, RNC committeeman for Mississippi and the governor’s nephew. “Is that sobering? Sure it is. It’s a wake-up call.”
Read more: http://www.politico.com/news/stories/0711/58456.html#ixzz1RPRum0i4
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