Romney Leads GOP Dash for Cash, But Obama Out Paces Them All

Posted on July 5, 2011. Filed under: Uncategorized | Tags: , , , , , , , , , , , , , , , |

Massachusetts Governor Mitt Romney

Former Massachusetts Governor Mitt Romney

By Carl Chancellor

With second-quarter fundraising closing last Thursday, early disclosures indicate that former Massachusetts Governor Mitt Romney has posted the biggest numbers in the crowded Republican field of presidential hopefuls.

According to the Associated Press, Romney’s campaign claims to have raised $20 million in the most recent quarter. That same story reported that Tim Pawlenty’s campaign said the former Minnesota governor raised $4.2 million; Texas Rep. Ron Paul raised more than $4.5 million; Jon Huntsman, a former Utah governor and ambassador to China, raised $4.1 million with a significant amount of that money coming from his personal funds; and, businessman and conservative talk show-host Herman Cain has said that he raised $2.5 million.

There was no hint of the fundraising numbers coming from the troubled campaign of former House speaker Newt Gingrich. His potential candidacy lost much of its luster when his top campaign advisers quit en masse more than three weeks ago.

The candidate everyone is watching with great interest, Rep. Michele Bachmann (R-Minnesota), is expected to post impressive numbers although her campaign declined to provide an early estimate of what she raised. Conventional wisdom says she will post a number that will put her solidly in second place among the GOP contenders, however, her campaign remains tight-lipped about the fundraising numbers. A powerhouse campaigner, Bachmann has demonstrated that she can raise millions during her successful congressional races and still has more than $2 million remaining from her last campaign.

It is expected that President Obama will meet, and most likely surpass, his April through June fundraising goal of $60 million, a combination of cash collected by the President, and money raised by the Democratic National Committee. Obama’s campaign said it had nearly 500,000 individual donors thus far.

All campaigns must file their second-quarter fundraising—covering April 1 through June 30—with the Federal Election Commission by July 15.

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