July 3rd, 2007
04:38 PM ET
4 years ago

Giuliani tops Romney, McCain in quarterly fundraising

Former New York mayor Rudy Giuliani

WASHINGTON (CNN) - Former New York Mayor Rudolph Giuliani raked in $17 million in campaign funds in the past three months, topping his two leading GOP rivals in fund-raising for the quarter, the Giuliani campaign announced Monday.

The figures came out shortly after former Massachusetts Gov. Mitt Romney announced he had raised $14 million in the second quarter and had lent his campaign an additional $6.5 million. Romney's campaign said the $14 million raised was all for the GOP primary campaign, while a Giuliani campaign aide told CNN that $15 million of the former mayor's take can be spent for the primary.

Giuliani brought in nearly $2 million more than in the first quarter, when he trailed Romney. The campaign had more than $18 million remaining in the bank by the end of June, $3 million of which must be reserved for a possible general election race, the Giuliani aide said.

"We are thrilled by our fund-raising this quarter and are running a strong and efficient campaign. We are well positioned to win both the primary and the general elections," campaign manager Michael DuHaime said in a statement announcing the results. "We are serious about being good stewards with the money that has been entrusted to us."

Giuliani has led many early polls of the GOP field, with Romney and Sen. John McCain of Arizona rounding out the top tier of candidates in both money and polling.

The announcements by Giuliani and Romney came a day after McCain's 2008 campaign announced it was cutting staff and restructuring after seeing second-quarter fund-raising skid from $13 million to $11 million. A McCain aide told CNN that all but $850,000 of the $11.2 million was in primary donations.

Romney's fund-raising fell by nearly $7 million after a $21 million first quarter. But the campaign had $12 million in cash left on hand, compared to just $2 million for McCain.

Stuart Rothenberg, editor of the non-partisan Rothenberg Political Report, noted that while Giuliani and Romney lead the GOP pack in fund-raising, raising money is not the sole measure in predicting who is going to win a presidential nomination.

"I think the numbers reflect a showing of which candidates have some momentum and are generating the greatest excitement and interest," Rothenberg said. "But ultimately the Republican and Democratic races are about Iowa, New Hampshire and appealing to primary voters and caucus voters. Money is only a part of each of these campaigns."

– CNN's Mark Preston and Matt Smith

soundoff (24 Responses)
  1. ReadBtwthlins

    UK Doctors just carried out a terrorist attack in Scotland and we are posting on funding raising?

    Why is CNN ignoring reality?? Hmmm..

    July 3, 2007 04:28 pm at 4:28 pm |
  2. jack , phoenix, az

    McCann is done. His own state doesn't back him.

    July 3, 2007 04:42 pm at 4:42 pm |
  3. Greg

    if mccains done how soon till dropout announcement?

    July 3, 2007 04:51 pm at 4:51 pm |
  4. Kyle, Pittsburgh PA

    Readbtwthlins, are you an idiot? There's plenty of news out there about the terrorist attacks. That doesn't mean you drop everything and ignore all other news.

    July 3, 2007 05:07 pm at 5:07 pm |
  5. Jared, Bennington, VT

    CNN has the UK doctor "terrorist" act on the FP, and you're complaining because they're discussing the fundraising totals for presidential candidates on the political blog?

    Better get on the phone to Nickelodeon-from what I've heard, they haven't even TOUCHED the UK terrorist act story!

    July 3, 2007 05:10 pm at 5:10 pm |
  6. Jared, Bennington, VT

    I think McCain has one more fundraising period left in him. I see him dropping out by late October/early November.

    July 3, 2007 05:21 pm at 5:21 pm |
  7. Errol, Houston, Texas

    wow! $17M for Giuliani and $14M for Romney. wow!
    Does it matter that Obama out raised them combine? $32.5M for Obama .. now that's a WOW!

    July 3, 2007 05:31 pm at 5:31 pm |
  8. Savanah Jacksonville Florida

    If people are talking with their wallets and money it sure looks like the REPUBLICANS are doomed Hillary and Obama raised more individually than all the REPUBLCIANS combined just about.....It looks like AMERICANS have finally woke from a very dark time in our nations history ...THANK GOODNESS

    July 3, 2007 05:57 pm at 5:57 pm |
  9. David, Gilbert Arizona

    He who raises the most money wins the office of the President? The news media sure makes it sound that way.

    It amazes me the amounts of money spent in elections and we can't properly fund our school systems. 40 million people go without basic health care. It's pretty sickening what goes on in politics these days.

    July 3, 2007 06:03 pm at 6:03 pm |
  10. Jon, NYC

    Why are the Republicans even bothering? Unless they cheat, like they did the last two elections, there is no way a Republican will be elected. The only Republican that wants to get out of the war is Ron Paul. 75 percent of the country wants us OUT of Iraq. So how could a Republican win with their stance. Republicans also don't want universal healthcare, they'd rather have privitized health care. The only reason this war is continuing is because most of the Republican party (and maybe even some democrats) are PROFITING because most hold stakes in the companies providing our troops with equipment. We've outsourced our war, that's what capitalism eventually leads to I guess. Business becomes more important than government. It's already happened...it probably did a while ago.

    I really wish CNN and the other news organizations would take a stand, they have the power...but they don't....and the people will suffer...and then the news will suffer...then there will be no more news. Sounds far-fetched...but whats if rupert murdoch not only owned fox...but all the other news organizations...

    I guess the generation running the news is just a bunch of wimps. Oh well, why don't you guys put some more paris hilton news on the frontpage...its great for ratings!...too bad it's not really news.

    July 3, 2007 06:06 pm at 6:06 pm |
  11. John, St. Louis, MO

    I consider myself a Republican, and all I can say right now is Obama is the one to beat. Hillary will be a victim of her own ways, none of the other Dems are viable as of now so they probably will not be. None of my guys seem to have the ability to bring in enough funds to compete outside of the party. I know money is not the only thing in a presidential race but it sure sets the stage. Let's see Bloomberg!!

    July 3, 2007 06:14 pm at 6:14 pm |
  12. Sue, Lockwood, NY

    I have immense respect for Rudy Guliani. I was born & raised in NJ & I personally witnessed how he cleaned NYC BEFORE 9/11. I believe he was also Attorney General of the state of NY sometime before. That said, I DO NOT trust the Republican Party one iota (I changed from a Republican to Independent years ago!) & would not vote for ANY Republican Candidate, even if he/she was running for Dog Enforcer of my current rural community! Too bad Rudy does not switch either BACK to the Democtratic Party or switch to being an Independent like Mayor Blumberg of NYC just did. It is time for a different MAJOR party as neither the Republicans nor the Democrats represent Americans anymore. We need Public funding for ALL Presidential and CongressionaL seats, so it is an EVEN playing field for all. Also, term limitations for Congress (both houses)is desparately needed!!!!

    July 3, 2007 06:47 pm at 6:47 pm |
  13. PeterD, Walnut Creek, CA

    Gee, I think Republicans are running for the same old reason … you really do need an adult to run the country. It is fine to participate in the "gaggle of fowl" that is the house, and that the senate seems to be becoming … but to run things you need to be responsible, have plan that will work in the real world, know how to pay for it, and get the job done in an appropriate time. So who is it the democrats are going to run again?

    July 3, 2007 06:51 pm at 6:51 pm |
  14. Geoff, Princeton, NJ

    Campaign fundraising makes me sick. These politicians talk about everything in the country they'd love to fix, and then waste millions upon millions of dollars "fundraising." It's a sham, and it needs to be stopped. I'd vote for the first "politician" that takes his/her fundraising money and gives it right back to the community and uses his/her own voice to influence the voters. Not an enormous wallet.

    July 3, 2007 06:55 pm at 6:55 pm |
  15. Shawnie - Grants Pass, OR

    Fund raising in the primaries is important but only a fraction of the whole road to success. Only a small percentage of voters actually contribute during the primaries. So whoever gets the most during the primaries is only representing a minority of total voters. Thus one candidate can get large funding and not come out on top during the primaries, caucuses and straw polls. We saw that happen in 2004. Some of you are reading way to much into the primary fund totals.

    July 3, 2007 07:43 pm at 7:43 pm |
  16. Sue, Lockwood, NY

    Why do we even need Primaries when they represent only a minority of people? For that matter, get rid of the archaic Electorate Process too.... That does not represent the people anymore either! And yes, at present, he/she who has the most money wins. How sad where our nation is: the laughing and hated stock of the world, yet illegal immigrants from all over still want to come to the "greatest nation" in the world.

    July 3, 2007 08:42 pm at 8:42 pm |
  17. Mike, Corpus Christi Texas

    Rudy has no intentions of changing parties from Republican to Democrat, nor Independent. He's right at home where he is. He's already said he's for the Iraq war, he's for big business, he's for reduced taxes for those who make $200,000 per year, he's against national health care for 40 million Americans who don't have it. Yes, he's pro-choice, but that's not getting him in trouble with the "christian right,' as they will only endorse a Republican anyway. Not sure exactly where he stands on immigration, but I'll take a guess he won't pardon the 2 US Border Patrol Agents serving time for doing their jobs. He was the first Repub to come out in favor of Bush commuting libby's sentence.

    I'm not exactly happy with any of the candidates, and was a life long conservative, before Bush invaded Iraq. But I will vote Democratic in 08, along with many other 'converted conservatives.' I know only too well, that a vote for Rudy simply means the continuation of the "bush doctrine."

    July 4, 2007 12:53 am at 12:53 am |
  18. Amy - TN

    How exactly did Republicans cheat their way into office the last two elections Jon? I'd like to know if it's actually possible so we can help an Independent candidate cheat their way on up in there. Both Dems and Reps need to sit out the next 8 years or so.

    July 4, 2007 07:13 am at 7:13 am |
  19. Brian Tampa,FL

    what about the rest of the candidates? OK . . . . so the establishment backs it's puppets. What about the warriors of virtue (second tier candidtates) who actually stand for something. How are they doing?

    July 4, 2007 09:01 am at 9:01 am |
  20. BilL W, Coatesville, PA

    I can't help but look at that picture of Guiliani at the top of this article and think how much he reminds me of Dick Cheney...

    July 4, 2007 11:02 am at 11:02 am |
  21. Rick, Chicago Illinois

    ReadBtwthlins ... 1) if you read the top of the page you posted on, you'll see that this is a POLITICAL topic filed under "Political Ticker". Why are YOU ignoring English comprehension?

    And 2) If you want UK related info, click on the HEADLINE story CNN has posted about the attacks – FOR THE PAST SEVERAL DAYS since the incident happened.

    July 4, 2007 01:14 pm at 1:14 pm |
  22. Tricia M Charlottetown PEI

    Giuliani
    Read between the lines:
    Bush Clone.
    There's nothing Bush says that Giuliani doesn't agree with.
    Wouldn't that in itself make Giuliani unelectable? I can only hope so.

    July 5, 2007 11:23 am at 11:23 am |
  23. Lily Elias, Mairon, Indiana

    We are celbrating our freedom. REally we are celebrating freedom but a slained freedom in the world. What really makes freedom f=real and who we will do the job? Allof us will contribute for that goal; FREEDOM. JOhn-Paul II was vocal and fought for freedom of religion in eastern europe It changed eatern europe and the world. This week. Pope Benedict addressed a letter to the Catholics of China and to China for freedom of religion. There is 1.2 billion muslims who DO NOT have freedom of religion. None in any muslim country has the choice of changing faith or having no faith. When countires like TUrkey, Egypt or Saudi Arabai say they have feedom of religion it means that those who were born of a diffrent faith can practice their faith (with discrimination of course) but if a muslim either by birth or conversion whats to change their faith as senator obama did they are sentenced to life in prison, toriture and most frequently death. Who is the candidate who will fight of this only freedom that realy "changes the world". Who has the gut to do it? or is their terror in their hearts?

    July 5, 2007 02:44 pm at 2:44 pm |
  24. Tony, Jackson, MI

    Wow It's funny that CNN doesnt Say RON PAUL IS A TOP TEIR CANDIDATE !!! HE IS SO WAKE UP PEOPLE THE TIME IS NOW! The REVOLUTION HAS BEGUN RON PAUL FOR PRESIDENT !!!

    October 20, 2007 12:25 am at 12:25 am |