Romney pulls in $7 million on East Coast fund-raising swing
August 19th, 2012
09:38 AM ET
2 years ago

Romney pulls in $7 million on East Coast fund-raising swing

(CNN) – Mitt Romney's weekend swing through some of the country's toniest zip codes netted the presumptive GOP nominee a cool $7 million, his campaign said Saturday, though Romney himself said he'd rather be out on the stump than talking to donors.

"That's a challenge with a president who blew through the federal spending limits," Romney said aboard his campaign plane Saturday, as he hopped between two Massachusetts vacation spots, Nantucket and Cape Cod. "It means that campaigns now have to spend a disproportionate amount of time fund-raising. You appreciate all the help you get, but you wish you could spend more time on the campaign trail."

– Follow the Ticker on Twitter: @PoliticalTicker

In 2008, then-candidate Barack Obama broke all fund-raising records, bringing in roughly $750 million to his campaign coffers. He was accused by his challenger, Sen. John McCain, of breaking a promise when he announced in June 2008 he would forgo the $85 million in public funds available to presidential candidates – and consequently free himself from federal campaign spending limits. McCain accepted the federal funds and stayed within the federal spending restrictions.

Romney's effort has out-raised the Democrats for the past three months, including in July, when his campaign and the Republican National Committee brought in a total $101.3 million.

On Friday and Saturday, Romney boosted the campaign bank account with events in Southampton, New York, and in Martha's Vineyard, Nantucket, and Cape Cod, Massachusetts.

On Friday, Romney shared coconut shrimp skewers and duck samosas at the Sebonack Golf Club on the eastern end of Long Island with campaign supporters, including Woody Johnson, the owner of the New York Jets, and Steve Ross, who owns the Miami Dolphins. The fund-raiser brought in $3.25 million for the Republican candidate.

Saturday saw Romney island-hopping off the coast of Massachusetts, hitting fund-raisers on Martha's Vineyard ($2,500 for the reception, $25,000 for a photo, $50,000 for the VIP event), Cape Cod ($25,000 for a photo, $50,000 for VIP reception), and Nantucket ($2,500 for cocktails, $10,000 for the VIP reception).

Hosting the events were some prominent Republican backers: Jack Welch, the former chairman of General Electric; former Senate Majority Leader Bill Frist; and Bill Koch, a businessman whose brothers Charles and David are major backers of conservative and libertarian causes.

Obama is himself no stranger to high-dollar fund-raisers, including in some of the country's ritzier neighborhoods. Earlier this year he brought in an estimated $15 million at George Clooney's home in Los Angeles, and he attended a high-dollar event at Sarah Jessica Parker's townhouse in New York City's West Village in June, bringing in an estimated $2 million.

– Check out the CNN Electoral Map and Calculator and game out your own strategy for November.


Filed under: 2012 • Fundraising • Mitt Romney
soundoff (40 Responses)
  1. myviewis

    CanadaONE

    LEARN HOW TO SAVE ON TAXES !

    Contact Romney and he will show you how to save on American taxes – Yes the USA can live without taxation
    -------------------–

    No, the USA can not live without Taxation, the USA government needs to collect taxes to function.

    August 19, 2012 10:42 am at 10:42 am |
  2. Ray E. (Georgia)

    Romney is going to take away all your perks and put you back in low gear. Wanna know his plan? Surly you jest. Look in the mirror, where you should have been looking all the time. YOU are in charge of the plan. You can do it, can't you? Or do you need a Nanny??

    August 19, 2012 10:43 am at 10:43 am |
  3. myviewis

    g s

    Want to see the real death panels? Send a 70 year old struggling with cancer to the private insurance market and see what care they're offered by "the market".The Romney-Ryan plan, by contrast, achieves its savings by turning Medicare into a voucher whose value doesn't keep up with expected increases in healthcare costs – thereby shifting the burden onto Medicare beneficiaries, who will have to pay an average of $6,500 a year more for their Medicare insurance, according an analysis of the Republican plan by the non-partisan Congressional Budget OfficeThe Romney-Ryan plan uses the savings to finance even bigger tax cuts for the very wealthy
    ------------------------

    You need to read the White House website and the Affordable Care Act – Strengthening Medicare so that you can better understand that the money that Obama says he is saving Medicare patients by cutting the payments Medicare pays to doctors, hospitals and the cheaper prescriptions and fighting fraud will result in spending less in Medicare patients so that that money saved is the money diverted to pay for Obamacare. In other words Medicare patients will get less quality treatments, prescriptions and run the chance of doctors not accepting Medicare patients in order to take the savings to pay for Obamacare. Those savings is money that belongs to all of us who pay into Medicare from our paychecks.

    August 19, 2012 10:49 am at 10:49 am |
  4. rrd

    GOP is for the rich

    (corrected):7 million dollars....that's a lot of favors to return....if he gets elected(which he will not). The 'job creators' should have used that money to create jobs instead!
    August 19, 2012 09:50 am at 9:50 am |

    -------------------------–

    Did you read the last paragraph in the story?

    August 19, 2012 10:51 am at 10:51 am |
  5. rrd

    Tom E Pell

    Mitt Romney is the only American presidential candidate who has ever left the US to garner campaign contributions from foreign citizens. Using foreign contributions in any American election is a felony.
    August 19, 2012 09:56 am at 9:56 am |
    ---------------------------

    So did he get arrested yet?

    August 19, 2012 10:53 am at 10:53 am |
  6. Jon

    Yesterday 4 bipartisan Nobel prize winning Economic Laureates have come out and said that Romney's economic plans are great and will turn the economy around. Meanwhile Obama and Joe Biden give 20 million dollars of taxpayers money to a friend of Joe's that wants to start a car dealership in Europe. The media is bias and shilling for Obama, I will not be fed this crap they are spewing and telling lies while calling themselves a "news source". I am smarter than the lame stream media thinks I am, I can see what has happened in the last 3. 7 years and it isn't good. I am shocked that so many Americans are so dumb to believe the media and their propaganda they send out as news for Obama and Biden. Wake up people!!! Romney is the only answer and he can save this country.

    August 19, 2012 10:54 am at 10:54 am |
  7. rrd

    GOP is for the rich

    @gs.....you are right. Plus, if they repeal 'Obamacare', the minute that person gets cancer, their insurance company can, and will, drop them! No new insurance because of a 'pre-existing condition' too!
    --------------------------------
    You need to read more than just the headline when ti come to healthcare.

    August 19, 2012 10:55 am at 10:55 am |
  8. John

    The irony of Ryan being chosen for v.p. to help Romney just like Cheney helped manage Bush. GOP really like puppet shows. It goes further when Rove and Koch are the script writers for the show. If you are not concerned then you ought to be unless of course you are part of the ten percent.

    August 19, 2012 10:57 am at 10:57 am |
  9. 1Joyce

    GOP is for the rich: Let's see, you tell me to look up a word I used, insinuated that I don't think for myself and am "foxwshed", and then tell me that name-calling is immature? You assume I only listen to Fox because my opinions differs from yours?. So what am I doing when I read CNN articles, or watch CNN, ABC, CBS, NBC or CSNBC? I try to listen to both sides then I form an opinion.

    August 19, 2012 11:00 am at 11:00 am |
  10. GOP is for the rich

    @myviewis...why is everything about business with you people? You think business is everything good and government is everything evil(just what you have been brainwashed to believe all these years). In reality, we formed this government and elected the politicians to operate it, not to make money(don't faint), but to protect us from other nations AND unscrupulous BUSINESSES! That is where the brainwashing comes from. Business has been putting the thought that government is bad into your heads for decades so they can get rid of regulations that detract from their only goal....profits! Businesses do not care about you, only your money!....and you are falling for it!

    August 19, 2012 11:00 am at 11:00 am |
  11. myviewis

    GOP is for the rich

    @myviewis...why is everything about business with you people? You think business is everything good and government is everything evil(just what you have been brainwashed to believe all these years). In reality, we formed this government and elected the politicians to operate it, not to make money(don't faint), but to protect us from other nations AND unscrupulous BUSINESSES! That is where the brainwashing comes from. Business has been putting the thought that government is bad into your heads for decades so they can get rid of regulations that detract from their only goal....profits! Businesses do not care about you, only your money!....and you are falling for it!
    ------------------------

    Just about everything in this country could not be accomplished without taxation on businesses. Without businesses you wouldn't have paychecks. Government cannot stand on its own because it is not RETAIL, it does NOT Make Money. Government functions because of the taxes collected on businesses and the on the taxes people have to pay due to their paychecks. If there are not businesses the government wouldn't collect taxes from any of us because we make our paychecks from businesses. And if we all worked for the government, the government couldn't function because there would be no money generating. Government cannot generate money, it is not RETAIL, it's job is to look after the needs of the country as far as water, roads, etc... but it does not generate money of its own.

    August 19, 2012 11:12 am at 11:12 am |
  12. DAVID

    money supporting money for the benifit of money! doesn't that just buy your vote?

    August 19, 2012 11:19 am at 11:19 am |
  13. GOP is for the rich

    @myviewis....uhhhh, can't you understand what I wrote? I said government is NOT in place to make money! You sound like a broken record! Is that the 'con' talking point of the day from 'faux'?
    Let's all bow down to business, the Republican God!

    August 19, 2012 11:22 am at 11:22 am |
  14. GOP is for the rich

    @myviewis...
    So, in the entire history of the world, there was no government until there was business for it to tax? Do you see how stupid that sounds?
    You are 'foxwashed' bigtime!

    August 19, 2012 11:24 am at 11:24 am |
  15. jb1963

    He only does fund raisers with the rich.

    Oh right thats all he cares about.

    August 19, 2012 11:25 am at 11:25 am |
1 2