Washington (CNN) After a flurry of last minute events and fundraising pitches, the presidential campaigns are tallying their amounts and getting ready to put the best spin forward.
Midnight Thursday marked the end of the second quarter– the first such period in which the leading GOP presidential contenders and President Obama declared their candidacies allowing them to start fundraising.
Any money raised by midnight counts towards this quarter's total although the campaigns have until July 15th to report information to the Federal Election Commission.
Much attention will be focused on former Massachusetts Governor Mitt Romney, who is leading in national polls as well as surveys in the key early states of New Hampshire and Iowa. Romney has worked hard to maintain his donor network from his 2008 run and has travelled to fundraisers across the country.
While Romney's campaign announced it had raised $10 million in one day in May with a national donor solicitation event in Las Vegas, his aides insist his total for the quarter will be $15-$20 million. Unlike in 2007, this quarter Romney is not putting any of his own money into the campaign coffers, a campaign aide told CNN. All of Romney's money raised so far is going towards his primary campaign. No funds are being earmarked for a possible general election campaign if he wins the nomination.
"Being an establishment front runner is not all it is made up to be," Republican consultant Scott Reed told CNN. "Twenty million is still a strong quarter. Expectations were raised when they raised 10 million in Vegas in one day."
On Thursday in Allentown, Pennsylvania, Romney chided Obama for doing fundraisers.
"He doesn't even have a primary opponent. He is going to raise a billion dollars. We're not going to raise anywhere near that kind of money," he told reporters. (Obama and Democratic officials say despite what sources have said they do not expect the President's re-election campaign will bring in $1 billion.)
Romney is expected to have a larger haul than any of the other Republican candidates.
"We are going to have sufficient funds to take our message to the people and the primaries, I don't know if we will outpace the others. These are leaner times," Romney said earlier this week at a stop in New Hampshire.
Romney also will be getting an extra boost. Some of his former aides have formed a separate super political action committee, Restore Our Future PAC, which is expected to bring in nearly $10 million, a source familiar with that effort told CNN. That committee and the Romney camp cannot coordinate activities, but its efforts will definitely aid him.
The totals this quarter are projected to be much less than the equivalent period in 2007 because the candidates started their efforts much later than four years ago. Experts cited several other reasons as well: the weak economy, especially the real estate market which impacts a lot of donors, the primary contest is just really getting underway and there is still some uncertainty about whether other candidates will enter the nomination fight.
"I think it is a very competitive fundraising marketplace for everyone this cycle," consultant Reed, who ran Bob Dole's 1996 campaign, told CNN. There is still a lot of
As for the other contenders–
Former Minnesota Governor Tim Pawlenty raised just over $4 million between April and June, his campaign announced Friday, a figure that experts call disappointing for the GOP presidential candidate.
"Gov. Pawlenty will report that his campaign has raised about $4.2 million and begins the third quarter with more available cash-on-hand than the Republicans who won the Iowa caucuses and New Hampshire primary had in 2007," spokesman Alex Conant said in a statement.
Rep. Ron Paul, who has been successful in the past bringing in major amounts of cash, posted on his campaign site that he has brought in $4.5 million.
Former U.S. Ambassador to China Jon Huntsman's campaign said he raised $4.1 million in the second quarter, but almost half of it came from his own funds. Huntsman has been hitting the major GOP donors since getting into the race last month. He had 18 fundraiser events in 9 days. Huntsman does not have to file a report this quarter since he entered the race so late.
Rep. Michelle Bachmann has been quite successful in the past raising money. She was the House incumbent who raised the most funds in the 2010 election bringing in $13.2 million. She also brought in $1.7 million in the first quarter for her congressional account. Her campaign points out she however has only been in the presidential race for a few weeks. However, she can transfer the approximate $2.9 million in her House account to her presidential campaign. Her campaign won't say whether those funds were already moved. It is not expected she will report her total until right near the July 15th deadline.
Many eyes will be on Newt Gingrich after his key fundraisers recently quit in the wake of his massive staff resignations of consultants and campaign officials, in part sources have said due to differences over how much time the former House Speaker would spend asking for money, how much he had already spent and where his campaign should devote resources. In an interview with Fox News earlier this week Gingrich blamed those consultants for leaving him in debt and "since they've been gone we've been raising more than we've been spending." Sources had previously blamed Gingrich for some of the spending decisions. Gingrich's team put out a last minute appeal Thursday afternoon saying "If you are planning to donate to this campaign, there is no better time than right now...the results of this quarter will be released publicly in a few days. This report will play a major role in shaping the news narrative about the strength of Newt's campaign. That means every donation made between now and midnight tonight is critically important."
– CNN Political Reporter Peter Hamby, Research Director Robert Yoon and Researcher Adam Levy contributed to this story.
" and let the spinning begin"? CNN promotes the "spinning" and then attempts to riddicule it? Give me a break.
Hey, you forgot a couple of them. What about Paul, Cain, T-Paw, Rick-Sack, etc. And what that new guy, Thad. Where is he getting his money from?
Everyone in the HOUSE is running – what are they bringing in ? They are campaigning all day every day 24/7/365. We have a right to know that too.
" and let the spinning begin"? CNN promotes the "spinning" and then attempts to riddicule it? Give me a break
Because when polls do not favor the Republicans, they do not believe it is because the people disagree or dislike their ideas and opinions. To Republicans, it is a messaging problem. That the American people are not listening to what they are being told to think.
Support Tea Party canidates.
We are good Christain God fearing people, who hate gay people, Muslims and immigrants.
Rudy, T-Paw was mentioned. What about Falin Palin, Buchannan's abortion, and Mr. Pizza?
No amount of money can make me give up my freedom for the fascism the republicans are trying to manipulate.
Yes if the Republicans endorse the Supreme Court decision to allow for unlimited campaign $ from special interests and multi-natiional corporations based overseas – in the name of "Free Speech".
Then these same rightie activists should have no issue with full disclosure and accounting of where the $ comes from? Errrr. Not.
Fascism is an authoritarian form of government opposed to extending civil liberties (and even curtailing or removing existing ones) in exchange for radical empowerment of business and economy. Fascist countries usually have elite armies, and see war as a sport or honour event. Lax views on imperialism, a holier-than-thou immigration discrimination policies (first generation immigrants to work for half minimum wage), and everything 'for the state'.
@ Rudy NYC
"To Republicans, it is a messaging problem. That the American people are not listening to what they are being told to think." As usual, if it's coming from Rudy, then it must be correct, right? Sadly, you can't even see that the Democrats are making you buy into their ideology as well; much like diridi, dominican mama and many others do.
Personally, I think it is such a waste of time and money for anyone to willingly give any politician a single penny. None of them deserve it, and will never do anything that they promise they will do. It's all about how much money they can get, and they are all looking at the large corporations/unions for that money. Until people start to realize this, nothing will change.
The real damage was done by the right-wing majority of the Supreme Court when they opened the door for unlimited political contributions. Lobbyists get to "buy" whatever politician they need – and the Republicans will certainly benefit from that ruling more than the Democrats. When your entire platform is based on unbridled support for the wealthy, that ruling was a gift from heaven. They're firing up the "swift boats" now and do not plan for statements to be "factual".
Gingrich's team put out a last minute appeal Thursday afternoon saying, " ... This report will play a major role in shaping the news narrative about the strength of Newt's campaign."
See what I mean? Like I said, they believe it is a messaging problem. If you listen carefully, you can hear all of the major conservative figures drop hints about correcting or strengthening their messaging. Poor messaging is the biggest flaw with the Ryan Plan.
Fascism is an authoritarian form of government opposed to extending civil liberties (and even curtailing or removing existing ones) in exchange for radical empowerment of business and economy. (Look at all the laws currently put in place to restrict women's rights and voter's rights).
Fascist countries usually have elite armies, and see war as a sport or honour event. Lax views on imperialism, a holier-than-thou immigration discrimination policies (first generation immigrants to work for half minimum wage), and everything 'for the state'. (All the anti-LEGAL immigration things being said).
Wow – this was a frightening article. We have serious problems in this country, and politicians focus on raising money.
Nothing ever changes – this is exactly why CRIMINAL CARTELS, like the NRA, the AIPAC and big oil control our country. Power to the people? Ha ha! More like the government goes to the highest bidder. Washington is a joke!
Atleast the money will be spent in america so that a few people can get a job, no matter how temporary it might be, it's better than these repug backed corporation who keep gutting America's revenues and bringing it abroad because of cheap labor, I say tax them before they push billions to other countries to pay lower taxes to them, although we've got the lowest taxes in 50 years. I wonder how the repugs would defend them if the Bushes, Clinton, or Reagan was in Power, all who had higher taxes.
Because when polls do not favor the Republicans, they do not believe it is because the people disagree or dislike their ideas and opinions.
hahahahahaha.... You mean like the polls before the 2010 election that the Democrats claimed were bogus? And then the Democrats suffered a record defeat? It is great that libtards keep deluding themselves thinking all those people aren't still out there just waiting for the opportunity to throw OFailure out of the Whitehouse, along with even more of his leftist Congressional buddies. Keep drinkin' that kool aide!!
Obviously some form of reform is needed. If any of these candidates really cared about our country and its future, they would be giving this money to areas that really need it like our schools and our need to develop energy independent initiatives; not on disparaging commercials, bilboards, and youtube videos. It's all disgusting and both sides should reside in a caccoon of shame.
Add up all the anit-Obama money versus the pro-Obama money. Would be an interesting comparison.
The only spinning is from the CROOKED RIGHT-WING and the PAID BY THE BILLIONAIRE KOCH BROTHERS BLOGGERS.
Romney critized Obama for fund raising? When does he expect Obama to do it then? What has he been doing all this time anyhow? I think that it is a little hypocritical for Romney to say that.
Don't let these GOP thugs rob you and they want tax break for rich, and oil mongers....esply Mitch McConnol is backing because he wants to give tax break to Kentaky durby, the race guys....o.k, Just remember and vote direct Dem. ticket...I am voting for Obama2012.....period....
Everyone out there should read the Federalists Papers number 10. In it James Madison explains exaxctly what is going on here and why. The man was a so brilliant in his arguement : The best way to fight the "power of faction" is to form your own; sure you could extinguish the Political Liberty that produces it but that would make as much sense as taking awayall oxygen to prevent damage from fire. You could force everyone to have the same opinion: history is clerly not on the side of that course. Or you could set up a system that uses the ambitions of one person the check the ambitions of another. Our system is why George W Bush was not able to destroy our nation. I am frustrated that Barack Obama has not been able to do more but I have to accept that the same set of rules that kept Bush (with whom I disagree) from doing everything he wanted are the same set of rules keeping Obama (with whom I agreee) from doing everything he wants. This allows ,over time (though it may seem like too much time) the best ideas to float to the top and the worst ideas to be swept away based on the overall will of "We the People". Take for instance the stupid (from a modern perspective) rule that a black person could not marry a white person. Time was when suggesting such a thing as getting rid of that rule would have got you tarrd and feathered now it is not only legal, but so commonplace as to not even be noticed. Times change but change takes time.
Thank you James Madison.
Tell us your money you have collected which translates to votes. The more money you get, the more votes you secure. No money, no votes, as simple as that!
None of the republicans are as good at shaking down businesses as Obama, Being from Chicago he probably learned form the best, Jesse Jackson.
Romney didn't raise 10 million in one day.....they had to admit that they "tallied" prior campaign donations on that day....not raise that amount in one day.