In January, Romney spends nearly three times his haul
February 20th, 2012
07:59 PM ET
6 years ago

In January, Romney spends nearly three times his haul

(CNN) - Mitt Romney's presidential campaign on Monday announced raising $6.5 million in January while significantly depleting their resources as his campaign fought to win two of the first four Republican contests.

The campaign burned through $18.7 million in January, ending the month with almost $7.7 million on hand and no debt, according to Federal Election Commission findings. Financial disclosure documents from the fourth quarter of 2011 showed the campaign starting the month with $19.9 million on hand.

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This spend came while Romney was competing in New Hampshire and Florida, which he won, and Iowa and South Carolina, which he lost. The Nevada contest - which he won - quickly followed on Feb. 4, but Romney suffered defeats just days later in the Colorado and Minnesota caucuses, as well as the non-binding primary in Missouri.

The super PAC supporting Romney, Restore Our Future, spent $13.9 million in January primarily criticizing Romney's opponents, though by law their efforts can not be coordinated with the campaign.

"We are very pleased with the continued support we have received from Americans across the country who want to see real change in Washington," the campaign finance chair, Spencer Zwick, said in a statement. "We have exceeded our fundraising goals and are on track with spending plans. We are the only campaign who has the organization and resources to go the distance of a long primary process."

He added, "We know there is a long road ahead and we will remain steady."

Also see:

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Santorum rips Obama on social agenda

Gay sheriff resigns Romney role after allegations

Filed under: 2012 • Mitt Romney
soundoff (18 Responses)
  1. mirrorlogic

    ...ka-ching, ka-ching...
    what is the sound of all that coin falling = Willard Mitt trying to buy and election. But the lack of personality, and inability to connect with everyday Americans, a track record of being wrong when it counts (just look at the Op Ed piece to gut the auto industry), a chicken-hawk deferment and sons that follow the same path...the list just goes on and on...

    February 20, 2012 08:07 pm at 8:07 pm |
  2. mirrorlogic

    ...we all can hear Willard Mitt right now saying.... "Okay boys...back the truck up!" As the armor car delivery vehicle brings in more cash to buy his way along.

    ...if it gets bad enough he may even have to raid his sons tiny little $100 million trust fund...but not until all those Wall St backers run out of coin. Why loss your own capital when there are fools about to lose theirs?

    February 20, 2012 08:10 pm at 8:10 pm |
  3. dagoberto

    Mitt Rmoney, no doubt about it.

    February 20, 2012 08:11 pm at 8:11 pm |
  4. GI Joe.

    He looks tired and old. Guess it's hard to spend that much money.

    February 20, 2012 08:24 pm at 8:24 pm |
  5. Ron

    The look on Willard's face say that he is finally coming to grip with the monster he's feeding....the far right. He's trying to court a sector of society that will NEVER support him in his bid for the presidency because he is a Mormon. Period. Sucks, don't it Willard?

    February 20, 2012 08:34 pm at 8:34 pm |
  6. 2EEs

    "The campaign burned through $18.7 million in January, ending the month with almost $7.7 million on hand and NO DEBT, according to Federal Election Commission findings." Way to be an example not spending more money than was taken in. Our country could use Romney as POTUS.

    February 20, 2012 08:44 pm at 8:44 pm |
  7. Larry L

    Not to worry for Romney supporters. The U.S. Supreme Court gave Romney the nomination via the Koch brothers when they became the lap-dog for the Republican Party. The Super PACs will play out the money carefully, saving big bucks for the general election when they'll once again use "swift boat" lies and tricks to promote the candidate most likely to defend the uber-rich. This is only about money now since the right-wing of the American people can be led down any path with enough money.

    February 20, 2012 08:48 pm at 8:48 pm |
  8. Tired of republican lies

    Of course he's gonna spend that much...he's trying to buy an didn't know that?

    February 20, 2012 08:48 pm at 8:48 pm |
  9. cali girl

    I bet there will be more than this spent if he trails for the next couple of states. No word on Michigan, and what else is his for the taking. Should be interesting to say the least. Even with Santo should see increases in spending.

    February 20, 2012 08:51 pm at 8:51 pm |
  10. bilk7

    Not a smart move to spend so much in January. As his poll numbers continue to drop through February and into March, donations to both his campaign and super pac may also slide. He spent $35 million of his own money in 2008 and he may have to do it again this year.

    February 20, 2012 09:17 pm at 9:17 pm |
  11. T'sah From Virginia


    ►Arizona sheriff says politics behind charge◄
    NO, Babeu, actually YOU were behind Jose – living LARGE
    You know you threaten that man because your goal NOW is bigger than your lifestyle
    Now you are OUT of the CLOSET anyway and that will HURT YOU all the while...
    you are trying to “clean up” and obvious lie!!

    Keep spending that money Romney – You will spend a lot more and still not win in November.

    Obama 2012!!

    February 20, 2012 09:26 pm at 9:26 pm |
  12. sick of republican phonies

    Goodbye, Mitt, we hardly knew ye. And that was more than enough.

    February 21, 2012 06:57 am at 6:57 am |
  13. Debby

    So hear you go republicans NO DEBT that should tell you something vs. the others.

    February 21, 2012 07:46 am at 7:46 am |
  14. The Greedy Old PIgs declared class war on US!

    Keep trying to buy the election, Rmoney. We like to watch elitists flail about when your carefully controlled bubble of "reality" bursts. Your money can't buy character, morality, compassion or a personality.

    February 21, 2012 07:54 am at 7:54 am |
  15. Indy

    Now we know what "Severely Conservative" means, spend it all if you hunger for power and greed.

    February 21, 2012 08:22 am at 8:22 am |
  16. FedUp

    Good. Maybe he will run out of money and we won't have to listen to his useless ads. One can only hope.

    February 21, 2012 08:26 am at 8:26 am |
  17. diridi

    -----Being born in Mormon is a crime? Nonsense in 21st century! If he does not Flip-flop, and focus on Middle-Class, he is fine. He should cancel his saying from Repealing Health Care. This is what is hurting him. It is my advise. Obama2012.

    February 21, 2012 08:33 am at 8:33 am |
  18. Thomas

    Money cant buy you love !

    And maybe the Presidency.

    February 21, 2012 09:57 am at 9:57 am |