RNC raises over $35 million in August
September 19th, 2012
11:54 AM ET
2 years ago

RNC raises over $35 million in August

Washington (CNN) - The Republican National Committee raised a record $35.6 million in August, giving the GOP a financial boost at a time when Mitt Romney's campaign was forced to take out a $20 million line of credit.

The RNC now has $76.6 million in the bank, a source at the committee told CNN.

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The cash haul marks the best August on record for the RNC.

The committee has also raised more this year – just over $193 million - than in any previous election cycle.

"The support and enthusiasm we are seeing from large and small donors ensures we have the resources to fund the gold standard of ground games as we head into the final stretch of the campaign to elect Mitt Romney as the next President" the RNC source boasted.

Formal fundraising reports from the campaigns and their affiliated committees are due to be filed with the Federal Election Commission on Thursday.

The Romney campaign was forced to borrow $20 million in August because, by law, the de facto GOP nominee could not tap his general election funds until after accepting the nomination at the Republican National Convention.

Their August line of credit was first reported Wednesday by The National Review.


Filed under: 2012 • Republican National Committee
soundoff (26 Responses)
  1. Thomas

    Anything to beat Obama !

    Georgetown Bank , we help those in need !

    September 19, 2012 11:57 am at 11:57 am |
  2. robert jay1

    Guess that shows just how difficult it is to get acouple of morons like Domney and Ryan even considered

    September 19, 2012 11:57 am at 11:57 am |
  3. Wire Palladin, S. F.

    Adelson, Ricketts, the Kochs, and Murdoch sure picked a loser in Mittens. But, Prince Reebus now has a lot of money to spend on baggers and birthers.

    September 19, 2012 11:58 am at 11:58 am |
  4. truth hurts

    Good news.... Obama and the leftist Democrats have shown many, myself included, that you cannot sit around and expect everybody else to contribute and do the work needed to get rid of the worse President in the history of this country and get this country back on a sane path. I have never contributed to national campaigns before but am now convinced that not contributing will doom this country to die at the hands of leftist Democrats.

    My checkbook has been opened in a big way to get the job done. I consider it an investment in my kids future.

    September 19, 2012 12:07 pm at 12:07 pm |
  5. Anonymous

    Of Course, the rich are his allies..This has become a battle of the money...Rich versus poor..Mr Romeny you make me sick!

    September 19, 2012 12:10 pm at 12:10 pm |
  6. Pete

    Romneys going broke and you brag about donations.That's par for the course,he spends like a drunk on Friday night any way so keep giving he doesn't care,just ask him because he's wealthy and he's going to buy the WH..Can't be put there politically because he's damaged goods,he's republican,I won't say anything else!!!

    September 19, 2012 12:13 pm at 12:13 pm |
  7. Rudy NYC

    @truth hurts – I understand that "over 100,000" people in that 47% who pay no federal income taxes are Staples employees scraping by on minimum wage.

    September 19, 2012 12:14 pm at 12:14 pm |
  8. Richard Lawson

    Know why Sarah Palin's bus tour was really canceled last year? Do you know why she stayed 30 miles away from the second debate and chose the death of Steve Jobs to announce that she's not running? Know what leaked out? Sarah Palin isn't in this race because too many people now know the truth.

    Search PalinsDirtyLittleSecret for the BIGGEST cover up in world history before it disappears forever.

    September 19, 2012 12:17 pm at 12:17 pm |
  9. rs

    The RNC is the best party the rich can buy! Remember- the GOP will only govern for the rich (according to Mr. Romney), the rest of us- not so much.

    September 19, 2012 12:18 pm at 12:18 pm |
  10. Gurgyl

    Shhhhhhhhhh, let them spend on our soil, once these animals lose–they go to CHINA, INDIA etc. strike iron while iron is hot-my grandma told me.

    September 19, 2012 12:22 pm at 12:22 pm |
  11. mb

    And I bet the donations really slow down now since Romney shot himself in the foot with his comments. Have you ever heard about just letting a problem person be? They will eventually hang themselves, and that's basicly what Romney did. No amount of money will help that clown now. Thank god he has his nose so stuck up in the air that he doesn't care about the middle class and the poor.

    September 19, 2012 12:25 pm at 12:25 pm |
  12. Surfer George

    How much money is the 1% willing to spend to LOSE?

    That one person one vote thing has got to be a REAL problem for them.

    September 19, 2012 12:31 pm at 12:31 pm |
  13. Patrick in Wisconsin

    I've never seen anyone spend so much money for a second place trophy.

    September 19, 2012 12:33 pm at 12:33 pm |
  14. Silence DoGood

    RNC to spend $1trillion. This is good/evil/hopeful/hopeless.
    DNC to spend $1trillion. This is good/evil/hopeful/hopeless.

    DNC spent more in 2008 presidential campaign. Did they buy the election?

    Vote Green.

    September 19, 2012 12:42 pm at 12:42 pm |
  15. Rudy NYC

    Surfer George – observed

    How much money is the 1% willing to spend to LOSE?
    That one person one vote thing has got to be a REAL problem for them.
    --------------------
    "Corporations are people, my friend."

    It is only a matter of time before that group of "people" start demanding the right to vote, claiming taxation without representation, etc. If the Republicans take over the White House and the Congress, the process to give those people the right to vote will begin immediately, so that they can guarantee a win for themselves in 2016.

    September 19, 2012 12:51 pm at 12:51 pm |
  16. S.B. Stein E.B. NJ

    We need to have less money spent on elections at every level. I believe that the major federal offices need to have the most reduction in money spent on them. This is getting out of hand. We could do so much more with that money. Besides, we don't know where it is coming from. Is it coming from China or an ally like Canada? All money should be disclosed.

    September 19, 2012 12:56 pm at 12:56 pm |
  17. Travis

    Interesting; the RNC raises over $35 million in August and many of you get defensive, write negative comments, etc. I wonder how many of you would do the same thing when the DNC reports how much it raised in August?

    A better question to ask, is why so many of you keep donating to either political party? Do you honestly think either party has your best interest in mind? Guess what, they don't, as both parties have their own "bosses" that they have to report to.

    September 19, 2012 12:57 pm at 12:57 pm |
  18. Angelina

    Too bad at the end of the day all of that money will have been wasted.

    Mitt will trun out to be the biggest RNC fiasco ever. He literally bought the primaries but it won't work this time around.

    September 19, 2012 12:59 pm at 12:59 pm |
  19. Pander Express

    That should buy a lot of lipstick for that pig.

    September 19, 2012 01:02 pm at 1:02 pm |
  20. Ancient Texan

    MB- Telling the truth is shooting himself in the foot? I don't think so; the other 53% already knew that Obama is promoting government dependence in exchange for votes.

    September 19, 2012 01:03 pm at 1:03 pm |
  21. Ronda in Houston,TX

    The GOP can spend all the money they want on Romney the Loser. People know what GOP really means:

    Greed
    Over
    People

    September 19, 2012 01:05 pm at 1:05 pm |
  22. myviewis

    Ronda in Houston,TX

    The GOP can spend all the money they want on Romney the Loser. People know what GOP really means:

    Greed
    Over
    People
    ---------------------------

    No, it means work and stop waiting for the government to take care of you, it means no redistribution of wealth, it means stop taking monies from the government that legitimately should go to poor women and children, elderly, disabled people.

    September 19, 2012 01:20 pm at 1:20 pm |
  23. TheVoice2

    myviewis
    -----

    you've been brainwashed, lets not forget where $1.5 trillion went, WALLSTREET BAILOUT, who is really the goverment taking care of?? Me thinks banks and CEOs.

    September 19, 2012 02:04 pm at 2:04 pm |
  24. TheVoice2

    Mitt Phony taking out a line of credit?? Wait, but aren't they the balancing budget experts??!! They can't even spend themselves into a victory. Mitt Phony is toast.

    September 19, 2012 02:08 pm at 2:08 pm |
  25. kayla

    at this point votes worth more than money, and that is what the president have. you cannot buy this election no matter how much money you have in the bag.

    September 19, 2012 02:21 pm at 2:21 pm |
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