Romney aims to raise $50 million for primary campaign
July 6th, 2011
12:20 PM ET
10 years ago

Romney aims to raise $50 million for primary campaign

(CNN) - Former Massachusetts Gov. Mitt Romney's presidential campaign said Wednesday it will aim to raise $50 million for his campaign to win the Republican presidential nomination.

"We intend to raise $50 million and more for the primary campaign, and we're off to a very good start," campaign spokeswoman Andrea Saul said in a statement.

The statement was released after Politico reported a Romney
fundraiser had sent an email in late December stating $50 million was the campaign's initial goal for the first half of 2011.

Earlier on Wednesday the Romney campaign announced it had raised $18.25 million in the past three months, putting the former Massachusetts governor far ahead of his GOP rivals in the battle for campaign cash.

Romney's campaign also reported that as of July 1 they have $12.6 million in the bank, and that all the money raised in this year's second quarter is for the primaries rather than the general election.

The campaign added that funds were raised in all 50 states and the District of Columbia.

"Voters are responding to Mitt Romney's message that President Obama's policies have failed and that we need new leadership in Washington. Our fundraising for the second quarter represents the strong support Mitt Romney has across the country," said Romney for President National Finance Chairman Spencer Zwick, in a statement.

More than half of the money raised in the April through June period was brought in or pledged during a one-day phone bank fundraiser held in Las Vegas on May 16. Last week Romney aides predicted the campaign would bring in between $15-$20 million.

Romney's figures put him far ahead of his rivals who have reported their second quarter numbers. Rep. Ron Paul of Texas, who's making his third bid for the White House, reported raising $4.5 million. Former Minnesota Gov. Tim Pawlenty reported bringing in $4.2 million, with former Utah Gov. and former U.S. Ambassador to China Jon Huntsman raising $4.1 million. Huntsman didn't announce his candidacy until June 21, late in the second quarter. Nearly half of haul was a donation of his own money. Former Godfather's Pizza CEO and radio talk show host Herman Cain reported raising $2.46 million, which also included some self funding.

Romney did not make any personal contributions to his campaign during the past three months. In first bid for the GOP nomination four years ago, he raised $65.1 million and in addition loaned his campaign $42.3 million.

Romney's $18.25 million brought in the past three months is lower than the $23.4 million (including a $2.35 million personal donation) he raised in the first three months of 2007, a comparable quarter from his first run for the presidency.

Among those who have yet to report their fundraising numbers are Rep. Michele Bachmann of Minnesota, who has jumped in the polls since her performance at a CNN/WMUR/New Hampshire Union Leader presidential debate last month. Bachmann's campaign says they'll reveal their figures on July 15, the filing deadline for the second quarter.

Besides his large fundraising haul, Romney should also be helped by a super political action committee formed by some of his former advisers, which is independently working to assist Romney's battle for the GOP nomination. The super PAC, called "Restore Our Future," announced Tuesday that it had brought in $12 million the first six months of this year.

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Filed under: 2012 • Mitt Romney
soundoff (5 Responses)
  1. Rand from VA

    Ron Paul has actually fundraised more money then 4.5 million that is being reported in this article. That 4.5 Million was raised in the last week of the quarter and does not include another million dollar money bomb as well as monetary donations in between the money bombs. I expect by July 15 the Paul campaign will have brought in far more money then is currently being reported making him by far number 2 in fundraising.

    July 6, 2011 08:35 am at 8:35 am |
  2. NoCommentCNN

    Folks the root cause of this comes down to campaign finance laws.
    The people rights for fair representation are being undermined by large campaign donators who pick and choose who will be our representatives. The two major parties pick and finance who they wish to run for office to represent you. Along with that the two major parties allow anyone or any business to contribute an unlimited amount of money to promote your representative's election.
    Why should a billionaire from one state have the right to give money to a candidate in another state? The same goes for corporations, unions, special interest groups, PACs and lobbyists, why should they be allowed to pick and finance your elected representation when they do not even live in your community?
    "We the People" need to have the power of our votes count again without the influence of the wealthy, special interests, PACs, unions and corporate money that cheats the voters of having a true choice.
    I say that NO money can come from anyone other than individuals who live within the voter district the candidate wishes to represent. And those donations need to be restricted to a set maximum level so Billionaires do not pick and choose the winners.

    July 6, 2011 09:15 am at 9:15 am |
  3. Rudy NYC

    Gov. Romney's message that Obama's policies have failed is a lie and Romney knows it. Since Inauguration Day, the GDP has risen over 5%, new jobs per month has risen by over 800K per month, and The Great Recession ended in June 2009. Gov. Romney continues to imply that the recession still continues on to this day with no end in sight unless he/Romney is elected POTUS.

    July 6, 2011 09:30 am at 9:30 am |
  4. Obama/Biden 2012 - Four more years of record unemployment, $1.7 TRILLION yearly deficits, crushing debt, Obamacare, golf, vacations, speeches and class warfare

    Why should a billionaire from one state have the right to give money to a candidate in another state? The same goes for corporations, unions, special interest groups, PACs and lobbyists, why should they be allowed to pick and finance your elected representation when they do not even live in your community?
    Well, because all these people get elected and pass FEDERAL LAWS that affect people in the state they represent AS WELL AS ALL OTHERS. **I** am severely impacted by libtards from California, NY, Mass, etc. They have vote for and passed laws that have taken away my freedom. Why shouldn't I be able to contribute to their opponents to protect my freedom?

    Why do liberals always want to restrict the free speech and freedoms of others? It is facism, pure and simple.

    July 6, 2011 09:36 am at 9:36 am |
  5. Indy

    When you are un employed and your only job is to slam your country and the sitting President based on lies you tend to have a lot of time on your hands and you should be able to swindle a lot of money out of people. Romney is full time with raising money so he should have no problem beating everyone in this category. Not in a million years are average Americans going to send someone too lazy to have a job, to the Whitehouse. Romney is a million miles away from average Americans, and he failed once and will fail again to make it to DC

    July 6, 2011 09:38 am at 9:38 am |