Romney Gave $35M To Campaign In '07
White House Hopefuls File Year-End Reports; Obama Reports Raising $32M This Year
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Republican presidential hopeful and former Massachusetts Gov. Mitt Romney, seen in this Jan. 7, 2008 file photo, reported contributing $35 million of his own money to his presidential campaign in 2007. (AP Photo/LM Otero)
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Democratic presidential candidate Barack Obama raised a staggering $32 million in January from an ever increasing donor base, aides said Thursday. Republican Mitt Romney dipped into his personal fortune to give his presidential campaign $35 million in 2007, including $18 million in the last three months of the year alone.
Obama's $1 million-a-day rate is the largest haul ever by a presidential candidate during a competitive primary. The outpouring of money will permit Obama to boost staff and extend advertising to states beyond the sweeping Feb. 5 contests, aides said. In an e-mail to supporters Thursday evening, Obama's campaign said it had attracted 224,000 new donors in January for a total of more than 700,000 overall.
Romney reported raising $9 million in contributions and spending $33.8 million during the last three months of 2007. He did not release any fundraising numbers for January, when seven Republican contests were held, but reported $2.4 million cash on hand going into a month in which he spent heavily on advertising.
Campaign aides said he was ready to embark on an aggressive strategy to confront rival John McCain with television ads in California and other Feb. 5 states. The decision signaled that Romney might be prepared to dip into his wealth again.
Thursday was the deadline for campaigns to file their end-of-year finance reports with the Federal Election Commission, numbers that were fairly dated given the hyperactive month of January with its slew of early contests and heavy spending.
Obama is now advertising in 20 of the 22 states in play for next week's Super Tuesday and plans to begin advertising in seven more states with primaries or caucuses later in February. Rival Hillary Rodham Clinton is advertising in 12 Super Tuesday states, including her home state of New York.
Obama and Clinton have been aggressive fundraisers; each raised more than $100 million last year.
Clinton's end-of-year finance report showed she raised $26.5 million in individual contributions during the last three months of the year. She spent $39.2 million during the period and had $37.9 million left as the year began. Clinton reported an end-of-year debt of nearly $5 million. Her total contributions for the year were $107 million, including $19.5 million for the general election. She spent $80.3 million in 2007.
Obama reported raising $22.8 million from October through December. He spent nearly $41 million during that period and ended the year with $18.6 million in the bank. He had a $792,681 debt. His contributions for the year totaled $102 million, and he spent $84.5 million.The Money Race
Check out the latest tallies for Republicans and Democrats including how much they've raised and spent since the campaign began.
With John Edwards out of the race, Clinton and Obama are in a fierce race for delegates to secure the nomination. Feb. 5 offers the biggest single opportunity for delegates, but it is impossible for either one to seal the nomination that day.
"We think that the strength of our financial position and the number of donors does speak to financial sustainability if it ends up going through March and April," Obama campaign manager David Plouffe said of the race. "We think we will have the financial resources to conduct vigorous campaigns in the states to come."
While the Clinton campaign has not released its January totals, Obama's fundraising for the month was expected to eclipse hers. Obama aides indicated the $32 million figure could grow once the month's fundraising is totaled.
"Once people start voting that's a more important measure of performance," said Clinton spokesman Jay Carson. As for money, "That's one measure of a campaign."
"It's one of the most important markers in the period before actual voters start voting. We're no longer in the invisible primary, we're in the real primary."
The Republican contest features far less money.
Without his personal $35 million, Romney raised $54 million in contributions in 2007 and spent $87.6 million. The former venture capitalist is worth up to $250 million.
McCain raised $37.5 million for the year and spent $39.1 million. Boosted to front-runner status after winning the Florida primary this week, McCain raised $7 million during the first three weeks of January. Advisers said his fundraising had surged since his Florida victory and since his endorsement Wednesday by Rudy Giuliani as he exited the race.
Giuliani, who dropped out of the GOP race Wednesday, raised nearly $60 million last year, according to his end-of-year report. He raised $14.2 million in the last quarter and had $12.8 million in the bank going into January. He reported a debt of nearly $1.2 million.
Republican Mike Huckabee, who had canceled his press plane last week in a money saving measure, resumed the flight this week. His campaign also planned to place television ads in Southern states in play Feb. 5, including Alabama, Georgia and his home state of Arkansas. It also planned to advertise in Missouri, Oklahoma and Tennessee.
According to his end-of-year FEC filing, Huckabee had his best quarter during the last three months of 2007 as his campaign began to gain traction, particularly in Iowa. He raised $6.6 million from October through December and had $1.9 million in the bank at year's end.
The former Arkansas governor's victory in the Iowa caucuses Jan. 3 did not translate into a wave of money. Since the South Carolina primary on Jan. 19, however, the campaign has raised more than $3 million online and $1 million at fundraisers.
Dark horse Republican Ron Paul had raised $4 million in January, according to his Web site. He caused a sensation at the end of last year with several major online fundraising days. He raised a total of $19.5 million during the final three months of the year, a sharp increase from the $5.2 million he raised during the previous quarter.
© MMVIII The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.

The Money Race



remember that dorky but rich kid everyone would put up with in grade school cause he would buy everything to keep friends around.....
that coulda bought some serious bling bling mitt.
Q4 Raised: $19,924,416.44
Cash on hand: $7,839,420.90
Total Debt: $0.00
By comparison: is this the way that they will run the country ...ending in DEBT
Romney
Q4 Raised (minus loans): $9,027,461.10
Cash on hand: $2,431,447.01
Total Debt: $35,350,000.00
McCain
Q4 Raised (minus loans): $6,836,072.13
Cash on hand: $2,948,427.85
Total Debt: $4,516,030.08
Huckabee
Q4 Raised (minus loans): $6,642,585.72
Cash on hand: $1,896,445.64
Total Debt: $97,676.18
Giuliani
Q4 Raised (minus loans): $14,177,286.66
Cash on hand: $12,776,812.11
Total Debt: $1,166,509.36
Thompson
Q4 Raised (minus loans): $8,925,283.94
Cash on hand: $2,140,266.92
Total Debt: $404,221.35
Posted by heartlandjim at 07:13 AM : Feb 01, 2008
I see someone in the heartland''s eye''s are FINALLY opening to the real truth?
The Rush-Hannity-O''Lielly-Coulter folks have NEVER been real journalists. MOST people who care about a true independent news media in this country already knew this. They are paid to just echo neo-con ideas and prop up conservative elected officials and bash ''liberals'', nothing more. They ARE most definitely part of the GOP propaganda machine!!! Have always been so.
I think the super wealthy need to go live separately. The american people needs leadership that is part of the functioning everyday existence of working people trying to meet the basic requirements of everyday life. That is food, clothing, shelter and modern things like healthcare.
As for the Mitts, it would be fine if his group would print up some currency with their own faces on it and wall themselves off in their own little world leaving the rest of humanity out of their game.
Ah, but then that''s when they would realize that it''s not simply "their" money but rather their privilege in this economy and the "little" freeloaders, the american people, are needed for their privilege to sustain after all. Privilege and no responsibility toward it, that''s the entitled right wing elite for you.
Posted by vinnym24
The Ron Paul cult freaks continue with their fear of big government garbage started by Reagan.
Get this kids, there will always be government. Ron Paul says too little about unregulated global corporations. These private global corporations are forming by gosh, regulations, on how to scr*ew your generation over in the future after you destroy the government that has the capacity to work for you depending on who you elect. But no, you were brainwashed by your stu*pid sell out baby boomer parents who bought Reagan''s anti-populist garbage and shaped the government to represent the best interests of middle eastern wealth and the global corporations that make them and the global elite even more powerful.
Ron Paul is a republican and the republican party he stood behind all these decades. The party of filth, lies, and deception.
Republicans would rather sacrifice the next 4 years to the Democrats than have someone from their own party to blame when the economy fails. Romney is the only candidate qualified and proven to be able to fix our economy.
Why do people try to *predict* how Romney will govern when all they have to do is look at his record in Massachussets ? His actions will be consistent with what he has done in the past. Plus, few people say this..but his faith actually promotes conservative values (self-reliance, pro-life, budgetary restraint, etc.) but Romney himself can''t say that because he will be lambasted for using his faith to promote his candidacy (even though Huckabee gets a pass on this all the time).
He''s an internationalist...He is going to continue the war...not troubled by the torture going on at Guantanamo, he wanted to double its size! He is part and parcel of the Establishment that gave us this war and plans to extend it Iran. You might as well keep Bush, if you plan to vote for Romney, McCain, H. Clinton, Obama or Hucksterbee....
http://www.opednews.com/articles/opedne_len_hart_080112_princeton_university.htm
Fees (taxes) = more money out of your pocket.
http://www.cato.org/pub_display.php?pub_id=9127
Michael Tanner is director of health and welfare studies at the Cato Institute
Quote at the end of article:
"Romney claims he is a "true conservative" with the business expertise to "get things done." Judging by his experience with health-care reform, far from it."
Get your heads out of your fat arses, Americans! The mainstream of BOTH parties are dedicated to business as usual in Washington--with war in Iraq and the support of the Oligarchy at home.
Even now, a bill for a national draft is winding through Congress...and it will pass after the election and you can begin to receive the bodies of your children COD from the DoD at whichever public housing or work camp is favoured by your presence as the recession deepens.
His record for proof:
In 1990, Romney was CEO of Bain & Company, which was facing financial collapse. As CEO, within a year, he had led Bain & Company through a highly successful turnaround and returned the firm to profitability without layoffs or partner defections.
Romney served as president and CEO of the 2002 Olympic Winter Games held in Salt Lake City. Before he was called in, the event was running $379 million short of its revenue benchmarks. The Games ended up clearing a profit of $100 million.
In 2003, Romney was sworn in as Governor of Massachusetts--- Upon entering office, Romney faced a projected $3 billion deficit, but by 2006 the state had a $700 million surplus and was able to cut taxes.
Romney graduated from a joint Juris Doctor/Master of Business Administration program coordinated between Harvard Law School and Harvard Business School. He graduated *** laude from the law school and was named a Baker Scholar for graduating in the top five percent of his business school class.
Romney knows how to help our economy!
"While in private business, Mitt Romney utilized shell companies in two offshore tax havens to help eligible investors avoid paying U.S. taxes, federal and state records show.
Aides to the Republican presidential hopeful and former colleagues acknowledged that the tax-friendly jurisdictions helped attract billions of additional investment dollars to Romney''s former company, Bain Capital, and thus boosted profits for Romney and his partners.
Romney has based his White House bid, in part, on the skills he learned as co-founder and chief of Bain Capital, one of the nation''s most successful private equity groups. His campaign cites his record while governor of Massachusetts of closing state tax loopholes; his involvement with foreign tax havens had not previously come to light."
In 1992, Bain acquired American Pad & Paper. By 1999, two American plants were closed, 385 jobs had been cut and the company was $392 million in debt. The next year, Ampad was forced into bankruptcy.
Bain and Goldman Sachs bought Dade International for about $450 million in 1994, and quickly fired or relocated at least 900 workers. Over several years, it sunk into debt and laid off 1,000 workers. In 2002 it filed for Chapter 11 bankruptcy.
A 1997 buyout of LIVE Entertainment for $150 million resulted in layoffs of roughly 1/4 of the company''s workers. The job cuts affected all aspects of the company, from production and acquisition to legal and public relations.
In 1997, Bain bought a stake in DDI Corp., a maker of electronic circuit boards. Three years later, Bain took the company public and collected a $36 million payout. By August 2003, the company filed for bankruptcy protection, laying off more than 2,100 workers.
Four months after the bankruptcy, unhappy shareholders sued company executives, the initial public offering underwriters and Bain for mismanaging the IPO and failing to disclose company financial information.
Self Made Billionaire, Mitt Romney, President
Fred Thompson VP
Giuliani, Sec State
Tom Tancredo;Int. Secy
NO DEMO-ALQAIDAS IN THE WHITE HOUSE!!!
macobahill= Gov leeches,demoalqaidas.
What''s his stance(ha) on multiple wives?
Why do people try to *predict* how Romney will govern when all they have to do is look at his record in Massachussets ? His actions will be consistent with what he has done in the past. Plus, few people say this..but his faith actually promotes conservative values (self-reliance, pro-life, budgetary restraint, etc.) but Romney himself can''t say that because he will be lambasted for using his faith to promote his candidacy (even though Huckabee gets a pass on this every time).
donations from regular folks are so high."
I am a democrat that voted in the primaries for yes, RON PAUL. Believe you me, I never thought I would do that. But, I did a research on ALL the candidates on both sides. I repeat, I did a research on ALL the candidates on both sides. I hate to tell you this, but
besides RON PAUL, KUCINICH and GRAVEL they are ALL
bought and paid for. Yes, Obama, Clinton, Edwards, McCain, Romney and Huckabee. YES, THEY ARE ALL CORRUPT!! I am sorry to tell you that, but obviously
you have not done your research on your candidates.
Even Biden and Richardson are CORRUPT!!!!! People
do your research and you will see. Why do you think
all the news media is censoring RON PAUL?????? THEY
DO NOT WANT YOU TO VOTE FOR HIM. The Ron Paul supporter''s do not totally agree with him 100% but they are the one''s who have done their research. That
is why he has such strong supporter''s the other candidates would just love.
There is no such thing as a "free press" because it is
owned by persons belonging to the wealthy class of our
society in America and they have an agenda...as they
also have the power to MAKE or BREAK presidential candidates by how much coverage they provide and the
quality of coverage provided.
Media owners involved: David Rockefeller
Edgar Bronfman
Rupert Murdoch
Sumner Redstone
Ted Turner
http://www.ntu.org/main/page.php?PageID=141
2008 Presidential Candidate Spending Analyses
http://www.ntu.org/main/page.php?PageID=141
its all over if you google some of the key words, ''romney offshore tax exempt accounts'' etc... or ''romney bain venture capital bankruptcy'' etc... will show up with news articles of various similarities from lots of different newspapers and online news sources like politico. this stuff has been dogging him since he ran for senate years ago... and he lost because of it, many employees he had screwed over made a stink in the media. good for them i say.
you want a good larf, google romneys former director of operations - Jay Garrity, talk about ethics....
expose the phonies. these people have zero integrity.
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I can''''t believe the dumb remarks by people saying that Romney needs to keep money for his kids. You guys need to wake up. His family doesn''''t care about money. Isn''''t it obvious!
On the other hand all of the other candidates running only care about power and money and it''''s despicable.
If you people are so corrupt to think that Romney is trying to make money as President you deserve who you are supporting.
Don''''t come crying to me when the economy is down the drain and World War III is upon us.
Remember Steve Forbes?
Huckabee is surging in the polls and the best man out there. Vote Huckabee!
http://www.youtube.com/watch?v=jPev5sEdTjg
tell your brothers and sisters to stop murdering non-muslims
typical of radical retarded fascist nazi terrorislamic jihadist slavers and murders
barack hussein obama(D-KENYA)
"You are all my brothers and sisters," Mr Obama told crowds of excited residents who craned their necks to catch a glimpse of the senator.
http://news.bbc.co.uk/2/hi/africa/5290844.stm
One of Obama Jr''s great grandfathers (several generations back), "Owiny" was said to be a powerful leader of the Luo tribe, which moved into Kenya some 400 years ago.
Sarah Obama, a devout Muslim, was quoted telling Obama Jr. "What your grandfather respected was strength. Discipline. This is also why he rejected the Christian religion, I think. For a brief time he converted [to Christianity], and even changed his name to Johnson. But he could not understand such ideas as mercy towards your enemies, or that this man Jesus could wash away a man''s sins. To your grandfather, this was a foolish sentiment, something to comfort women. And so he converted to Islam-he thought its practices conformed more closely to his beliefs."
http://www.usvetdsp.com/jan08/obama_lou%20tribe.htm
Kenya, Islam and Obama Hussein
http://atlasshrugs2000.typepad.com/atlas_shrugs/2008/01/obama-islam-and.html
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by
February 3, 2008 7:22 PM PST
- A hit piece on Romney and one of many Pro Obama articles. I expect many more articles from the media in the coming months supporting Obama. I love the free advertising they give him. Vote for him, because the media tells us he is the best.
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