Romney flexes funding muscle before poll
Source: Agencies |
October 22, 2012, Monday
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Print Edition
Print Edition
MITT Romney held a financial advantage over United States President Barack Obama heading into October thanks to strong fundraising by the Republican Party that will allow its candidate to spend more on the last stretch toward the November 6 election.
Campaign finance disclosures show the Romney campaign, the Republican National Committee and the fund they use jointly had US$183.1 million in cash on hand at the end of September, more than Obama and the Democratic Party, who had US$149.1 million.
Obama's campaign on its own has dwarfed Romney's in the money stakes in recent months, raising US$136.2 million in September, according to a tally of latest reports. The Romney campaign alone raised much less: US$76.1 million, according to filings with the Federal Election Commission.
But when taken together with the RNC, Romney had more to spend on advertising and get-out-the-vote efforts as the campaign entered its last lap with the two men running neck and neck in polls.
September was a tough month for Romney as he lagged in the polls and suffered from the release of a secretly taped video showing him make remarks that 47 percent of the population who receive government benefits are "victims."
Nonetheless, he continued to boost his small-donor base in September and raised nearly a third of his money from checks of less than US$200, Saturday's filings with the FEC showed.
The FEC filings do not account for what the campaign said was a big uptick in online donations after Romney's strong performance in the first presidential debate on October 3.
Romney also has an advantage in support from "Super PACs" and other outside groups such as Republican strategist Karl Rove's nonprofit Crossroads GPS, which funds anti-Obama advertisements.
Republican-aligned groups spent US$84.1 million on ads from September 10 through October 18, while pro-Democratic groups laid out less, US$23.1 million, despite a strong fundraising month by pro-Obama Super PAC Priorities USA Action, according to an analysis of the FEC filings.
Campaign finance disclosures show the Romney campaign, the Republican National Committee and the fund they use jointly had US$183.1 million in cash on hand at the end of September, more than Obama and the Democratic Party, who had US$149.1 million.
Obama's campaign on its own has dwarfed Romney's in the money stakes in recent months, raising US$136.2 million in September, according to a tally of latest reports. The Romney campaign alone raised much less: US$76.1 million, according to filings with the Federal Election Commission.
But when taken together with the RNC, Romney had more to spend on advertising and get-out-the-vote efforts as the campaign entered its last lap with the two men running neck and neck in polls.
September was a tough month for Romney as he lagged in the polls and suffered from the release of a secretly taped video showing him make remarks that 47 percent of the population who receive government benefits are "victims."
Nonetheless, he continued to boost his small-donor base in September and raised nearly a third of his money from checks of less than US$200, Saturday's filings with the FEC showed.
The FEC filings do not account for what the campaign said was a big uptick in online donations after Romney's strong performance in the first presidential debate on October 3.
Romney also has an advantage in support from "Super PACs" and other outside groups such as Republican strategist Karl Rove's nonprofit Crossroads GPS, which funds anti-Obama advertisements.
Republican-aligned groups spent US$84.1 million on ads from September 10 through October 18, while pro-Democratic groups laid out less, US$23.1 million, despite a strong fundraising month by pro-Obama Super PAC Priorities USA Action, according to an analysis of the FEC filings.
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