Romney lands second $100 million month
August 6th, 2012
05:50 AM ET
10 years ago

Romney lands second $100 million month

(CNN) - The fundraising effort of presumptive Republican presidential nominee Mitt Romney brought in more than $100 million for the second month in a row, his campaign said Monday morning.

The $101.3 million haul is just shy of the campaign’s June fundraising, which reached $106.1 million.

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Romney's effort ended July with $185.9 million cash on hand, up from the $160 million in the campaign war chest at the end of June.

Both numbers include money raised by Romney's campaign, the Republican National Committee, and several state parties in a joint committee known as Romney Victory.

President Barack Obama and the Democratic National Committee, meanwhile, raised $75 million in July, marking the third consecutive month the president has been outraised by his Republican challenger. Obama's similar alliance of committees raised $71 million in June.

Romney's campaign said nearly 95% of donations - some 600,627 - received in July were for $250 or less.

In July, Romney's fundraisers included one held in Jerusalem and attended by major GOP donor Sheldon Adelson.

In announcing the numbers, Romney Victory National Finance Chairman Spencer Zwick said, "We are honored to have the support of a broad spectrum of donors—independents, Democrats and Republicans—whose support of Governor Romney shows that he has the needed plan to jumpstart our economy and get the country on the right track again.

"We are well on track to raise the money to be successful in November," he continued.

Zwick and a couple members of his finance team joined Romney on the road last week, attending closed finance events in Reno, Nevada, as well as one in Sun Valley, Idaho where Romney picked up Clint Eastwood's endorsement. The fundraisers, having occurred in the first week of August, did not factor into July's numbers.

In Sun Valley, Romney's young finance chair spoke briefly about how the campaign has outraised the competition and has more cash on hand than the Obama team.

"I want you to know we're using this money very wisely," Zwick said before urging donors to help them "turn this campaign into a cause" by reaching out to their friends and colleagues across the country.

- CNN's Gregory Wallace and Shawna Shepherd contributed to this report.

Filed under: 2012 • Fundraising • Mitt Romney
soundoff (310 Responses)
  1. USA first

    It cost alot of money to buy a presidency. MItt and the Koch brothers knew this from the very start. Besides having to give alot of money to the PAC's they also have to convince other oil execs to pay alot of money on high oil futures. Why is it that Bachmann and Newt said if elected they would reduce the prices at the pump? They know who is buying oil futures at a high rate... and so does Mitt.

    August 6, 2012 11:36 am at 11:36 am |
  2. Larry L

    The billionaires are beginning to worry. Since Romney is hiding his tax returns they know he's got something terrible to hide and if it's released he'll go down the toilet. If it's not released independent voters will know he cheated on his taxes, behaved dishonorably, or broke the law. All of the hateful, bigoted right-wing will vote for Romney – it's the modern Republican party's base but it won't get him elected. Independents aren't motivated by those things and they want to see the tax returns before trusting him with their future. Romney's character is coming back to haunt him...

    August 6, 2012 11:38 am at 11:38 am |
  3. bill

    The tax returns would help answer many questions about Romney's idea of fairness and how it will influence him in governing and its impact on the struggling Middle Class. We would like to know how those returns reflect all those years when he was depositing cash in foreign bank accounts and if he took advantage of the IRS Amnesty program when they allowed Tax-Cheats to start reporting with no penalty. Did he pay any tax at all, as some Bain people are now saying was a key strategy for their leaders to avoid, and how did he do it? The returns would tell us how he made $100 million in his IRA – was Bernie Madoff his record keeper or something – the returns would tell us.

    August 6, 2012 11:39 am at 11:39 am |
  4. Dixie Independent voter

    The big money boys are behind Romney, who is ashamed to show his tax returns. If Romney is elected, get ready to send your sons and daughters into another boondoggle war - probably in Iran or Syria, while Romney's kids stay at home. The middle income citizens will be taxed out of existence. I prefer to vote for President Obama and take back my country from the radical right.

    August 6, 2012 11:39 am at 11:39 am |
  5. Jeff in San Diego

    The best president money can buy.

    August 6, 2012 11:40 am at 11:40 am |
  6. Anonymous

    Do we even tax them for all this money that they get?

    August 6, 2012 11:40 am at 11:40 am |
  7. rs

    It's hugely tempting to say: "the best candidate money can buy" as he has 87 donors who have provided more than 90% of his money. The truth is that Mr. Romney has shown himself to be so inept, and tone deaf to real people, and utterly without message (back to the Bush days?) one wonders if Romney can survive the GOP Convention, much less the election. Money may not matter.

    August 6, 2012 11:43 am at 11:43 am |
  8. bubba

    "Loosing"? Really, Chalzy....

    August 6, 2012 11:44 am at 11:44 am |
  9. mary

    This guy is so smarmy...
    Show the da... taxes Already .. Prove you are telling the truth.~!
    Is amazing he insisted others show theirs.. Yet he won't show his????
    I think the proof is in that fact.. If he won't show them.. It can't be good..
    Its simple..
    Even in elementary school we learned that..If you refuse to offer up proof.. Its cause you CAN"T..

    August 6, 2012 11:46 am at 11:46 am |
  10. Leopold

    Mr. Obama can run all the negative ads he wants, the left of center 'regulars' who post here can cringe and sqawk and make excuses, but the reality is that the President has not done the job people want and he does not resonate with the vast swath of middle America, the people who run this country and build it every day. We saw the silent majority in Wisconsin and in response to Chick-Filet-A, and when quietly aroused they can roar. Mr. Obama way over interpreted his 2008 mandate, people wanted good government, not for him to restructure the society. All the yelling about Romney's income and taxes, the war on women, gays,the evil rich, etc, etc, will not distract people from the core issue of the economy and what people know is the truth. You can't fool your employer, you know when you deserve to be fired.

    August 6, 2012 11:47 am at 11:47 am |
  11. Ryan in Miami

    With all due respect to Gov. Romney, this is a bad day for any American who fears a return to Bush era (W) politics. Romney would be a return to hard-line foreign policy that damaged our reputation and standing in the world during the last decade. It would also mean a continuation of tax breaks that were never supposed to last past 2004.....and have added significantly to our national debt. Republicans spend just as much as Democrats, but they don't tax enough keep the country out of bankruptcy.

    August 6, 2012 11:50 am at 11:50 am |
  12. lucaluca

    As I read these comments, roughly 5 miles from my home, all roads are being closed and the beaches are closed for the day, in connecticut.
    This is for the 38,500 a plate dinner that apparently is acceptable? If you guys want to argue about buying elections, then you should have not voted for a man that reneged on his handshake deal in 2008 with mccain about limiting the campaign to the public financing. He broke the deal. he talks about the evils of big money, then charges 38,500 a plate? is that not big money? Im all for limiting fundraising. I think it corrupts...but dont make it seem as though one side is right and the other wrong... obama had the chance to stand on principle, right up until the time he realied he could out fund raise mccain. and then he wanted to buy the presidency–just like you are so upset about with republicans now.

    August 6, 2012 11:50 am at 11:50 am |
  13. tykl

    Two comments:

    1) asking for more taxes is a smoke screen. one minute the left will be asking for them and once they get them, they will spend the next three months making things up about them. the left thinks this is an election factor and it is not so i am glad romney is ignoring this. a little more chat about obama's job plan or deficit plan or spending plan would be refreshing.

    2) obama outspent mccain 3:1 and raised the most money in a republican or democratic campaign. he then boasted he would get $1b this election. so what is the issue with romney getting money?

    August 6, 2012 11:52 am at 11:52 am |
  14. Romney is not My Hero

    Just imagine if both parties could work together... We would almost be out of debt right now with all this campaign money that has been raised. WOW!!!!

    August 6, 2012 11:53 am at 11:53 am |
  15. Patriot

    Plutocracy – rule by the wealthy, or power provided by wealth.
    Plutocracy or Democracy, your vote does matter.
    Save America by crushing the Republicans.

    August 6, 2012 11:54 am at 11:54 am |
  16. DIANA

    How many were from foreign donators? During his "foreign policy" trip, he was at a fundraiser for his campaign.

    August 6, 2012 11:54 am at 11:54 am |
  17. Onegood1

    Excellent news. ...Obama, Reid and Pelosi are probably the most corrupt political threesome in US history (all 3 are lawyers too). Romney is a brilliant business person with a stellar executive career and is a role model for those who like to make positive change and get things done for the betterment of all.
    Please do the math on the debt and Obama's Orwellian future, and VOTE for the Romney-man! -Thank you.

    August 6, 2012 11:56 am at 11:56 am |
  18. lucaluca

    In this country in elementary school i also learned that you are innocent until proven guilty. Now the liberals have changed that notion to, unless you prove your innocense you must be guilty? When did that change? And does it only apply to republicans?
    If romney decides he wants to find out more about fast and furious, he should tell obama to release the info? Oh wait, they did that, and obama issued executive privlege?
    Forget that then–you guys are right. How about obamas college grades? He must be hiding something, as he had them sealed? right? what scummy stuff went on there? Guilty until proven innocent? Or, let me guess, it doesnt matter?
    how about everything that we want to know, we just accuse the other side of wrongdoing, and until they reveal it, they are guilty. Is that what you want this country to be about? Slippery slope...

    August 6, 2012 11:57 am at 11:57 am |
  19. LBAM

    For you folks who support Robmey, you must be thinking in a different sphere. You support a guy who is not willing to come clean about his business operations at Bain, his dealing with the SLC olympics, His term as Governor and what he old in Tax Havens. He wants to be the president of the free world, yet, hids his money from it. I think most of you are lower middlw class with incmes less than 50K/year. Yea go ahead and put your man in office and see what you get. You will surely be on the bread line and ready to kill yourself..

    August 6, 2012 12:01 pm at 12:01 pm |
  20. Larry L


    We saw the silent majority in Wisconsin and in response to Chick-Filet-A, and when quietly aroused they can roar.
    You saw the hateful, Christian right-wing responding to an issue that had no impact on their lives. They (you) want to legislate morality rather than keep the government out of people's private lives. Does knowing that gay people find happiness make you want to leave your partner and adopt a gay lifestyle? It's about fear and hate.

    The President inherited the worst recession in 30 years and a Republican Congress determined to prevent any legislation that might help in the recovery from making it to the President's desk. Every issue in the Senate was filibustered rather than debated and sent to a vote. The Tea Party House offered nothing but political theater including 33 votes to repeal the AHC law. Of the 15 bills sent to the Senate 13 had "personhood" riders destined to kill the bill. Blaming the President is delusional and in too many cases motivated by either the hate from right-wing media or a deeply felt racism so common in modern conservatives. The Republican Party of Goldwater, Regan and Bush Sr. is dead – replaced with a radical organization of Teavangelicals made even crazier by Fox News and funded by billionaires looking for tax loopholes. You're being used...

    August 6, 2012 12:01 pm at 12:01 pm |
  21. ThinkAgain

    Big deal, a couple billionaires wrote him checks (including foreign nationals, like the ones at the Israeli fundraiser). Mittens is up for sale to the highest bidder who shares his belief that only the wealthy deserve opportunity, education and a shot at a prosperous future.

    President Obama has demonstrated that he is FOR the American people. Our country is better off because of his leadership – and we'd be even further down the economic recovery road if it weren't for the obstructionist GOP.

    Obama/Biden 2012 – The only sane choice.

    August 6, 2012 12:04 pm at 12:04 pm |
  22. ThinkAgain

    Release the names of your donors, Mittens, along with your tax returns.

    If what you have done to make your money is so admirable, and if the people/corporations who support you really do have our nation's best interest at heart, then release this information.

    BTW, while you're at it, please identify the gender of Bain Capital (because, as you've said, "corporations are people, my friend").

    Obama/Biden 2012 = the only sane choice

    August 6, 2012 12:06 pm at 12:06 pm |
  23. ThinkAgain

    @tykl: "2) obama outspent mccain 3:1 and raised the most money in a republican or democratic campaign. he then boasted he would get $1b this election. so what is the issue with romney getting money?"

    Look it up: The vast majority of President Obama's campaign contributions have and continue to come from small donors. Mittens is getting all his money from a few billionaires and foreign corporations who share his view that the rich should own and control everything and that the Middle Class is a nuisance.

    August 6, 2012 12:08 pm at 12:08 pm |
  24. Blue

    Of course he is hiding, how he has screwed the people of the US. He has laughed all the way to the bank.

    August 6, 2012 12:13 pm at 12:13 pm |
  25. tibs

    Don't throw your vote away on Obama or Romney. They are both equally worthless. They argue over technicalities on policies they both agree on. They are both painted plastic-wrapped dolls.

    Stay home so we can call this thing what it is – a sham.

    August 6, 2012 12:13 pm at 12:13 pm |
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