Sunday, July 17, 2011

Campaign coffers and fundraising

Bachmann raised just $4.2 million in second quarter - HotAir
Romney raises $18M in race for the Republican nomination - Washington Times
(F)ormer Massachusetts Gov. Mitt Romney amassed an $18 million campaign war chest that dwarfs that of other Republican presidential candidates, financial disclosures released late Friday show.

Yet two firebrands mounted last-minute campaigns that seemed to effortlessly raise funds in small increments in weeks while requiring little spending, leaving significant amounts stored away as candidates prepare for the Iowa straw poll next month.

Rep. Ron Paul, the libertarian-leaning Republican from Texas, raised $4.5 million and has $3 million on hand. Rep. Michele Bachmann, his second-term colleague in the House, focusing all resources in a newly created presidential campaign rather than her House vehicle, was in a similar position.

Though former Minnesota Gov. Tim Pawlenty’s haul of $4.5 million beat that of Mrs. Bachmann, also from that state, he seemed to burn up most of the take as soon as it landed in his bank account, leaving him with less money heading into the third quarter.

...Former Pennsylvania Sen. Rick Santorum had a poor showing of $580,000 raised and $230,000 in the bank. Wealthy businessman Herman Cain raised $2 million, but spent nearly all of it, and loaned his campaign half a million dollars in personal funds in order to have cash on hand.

The flailing campaign of onetime House speaker Newt Gingrich raised $2 million, but spent nearly all of it, and closes the quarter with more than $1 million in debt.