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Romney Loans 18 Million Dollars to His Campaign
Fox News site ^ | Jan. 31, 2008 | Shushannah Walshe

Posted on 01/31/2008 8:58:21 PM PST by logician2u

San Diego, CA --

Mitt Romney gave 18 million dollars of his own money to his campaign in the last three months of 2007. In total, he has poured 35 million dollars of his personal fortune into his campaign.

The Romney camp also reported raising 9 million dollars in donations in the fourth quarter equaling 53.5 million dollars for the entire year. The campaign spent 33.8 million during the last 3 months of the year equaling 87.6 million dollars spent in 2007. The camp reports having 2.4 million dollars cash on hand at the end of the year. The campaign did not release any numbers for January meaning that Romney may have donated even more than 35 million dollars to his campaign.

The camp launched an aggressive ad blitz today signaling that former Massachusetts governor may have used more of his vast wealth, which is estimated at upwards of 250 million dollars.

Campaigns were required to file their end of the year finance reports today with the Federal Election Commission.

(Excerpt) Read more at embeds.blogs.foxnews.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: badroi; buyersremorse; campaignfinance; romney; romneyrealtruthfile
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To: Antoninus

Obama isn’t having any trouble with it. But one thing is clear — if you have a lot of money, you have a harder time raising money, because everybody figures you should put in your own money. People give a lot more money to poorer candidates.

Or to candidates who pretend they are poor, like McCain, even if they are actually wealthy men.


101 posted on 01/31/2008 10:48:52 PM PST by CharlesWayneCT
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To: Paleo Conservative
It demonstrates the chutzpah of Captain Queeg.

He rams a patently unconstitutional law through Congress, which limits the ability of anyone who isn't an incumbent or independently wealthy to run for political office, then whines like an hysterical yenta because someone who is wealthy doesn't let him waltz in and take the Republican nomination.

If I were Romney I'd start airing campaign commercials that draw a stark contrast between his EARNED wealth and the wealth McCain married into.

102 posted on 01/31/2008 10:49:49 PM PST by Reaganite1984
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To: fieldmarshaldj

Bearing false witness is not a conservative value.


103 posted on 01/31/2008 10:50:03 PM PST by CharlesWayneCT
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To: Rennes Templar

He will if Huckabee wins.


104 posted on 01/31/2008 10:50:54 PM PST by CharlesWayneCT
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To: Ol' Sparky

It gives me great pleasure to know how much money is going to lose a futile campaign that is going nowhere.

What a nice person you are. /sarc. I believe what Romney is spending is chump change and won’t hurt him a bit. At least he is conservative...can’t say that about McCain.


105 posted on 01/31/2008 10:50:59 PM PST by napscoordinator
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To: mountainbunny

He’s raised more money than most of our candidates.

But being rich, he has trouble raising money, because people like me think he should use his own money.


106 posted on 01/31/2008 10:54:32 PM PST by CharlesWayneCT
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To: Ingtar

“What makes you think the Huckabee followers would go to Romney? Many/most are convinced he is a flip-flopper who pays only lip service to issues they care about while promoting the opposite agenda.”

That’s why we will end up with John McInsane for Prez, because of you Huckster supporters, you one-issue voters. You are backing a guy who one a single primary, and has mostly been in 3rd or 4th place ever since. Whereas Romney has come in first 3 times, 2nd about 4 times. So, your guy can’t win. Doesn’t have a chance. But he stays in because he’s cut a deal w/McInsane to run interference for him by siphoning votes away from Romney. But you either can’t figure this out, or worse yet, don’t want to. If we get stuck w/McInsane, I will blame each and every one of you who continues to vote for the Huckster, knowing what the end result will be, John McQueeg as Prez, or worse yet, one of the Dems (although McQueeg is really a Dem also).


107 posted on 01/31/2008 10:54:39 PM PST by flaglady47 (The only one that stands between McQueeg and the Presidency is Romney)
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To: Antoninus

I can’t believe how much you support McCain. It is stunning that a Catholic would support a liar.


108 posted on 01/31/2008 10:55:29 PM PST by napscoordinator
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To: Tennessee Nana

35 million is about 3 thousand dollars to you and me.


109 posted on 01/31/2008 10:57:37 PM PST by napscoordinator
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To: Antoninus
corporate elites t

You missed my point because you are seemingly blinded by a dislike of rich people. You are a deeply envious person. I live a happy life and respect all people equally, be they poor or rich. You seemed full of rage about Mitt for some reason. I truly pity you.

110 posted on 01/31/2008 10:58:14 PM PST by sand88
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To: logician2u

He raised 53 million dollars last year. He spent it all trying to get the name recognition that McCain got from his 2000 run, all the fawning media, and his high-profile senate career.

And even after spending that money, people STILL know McCain’s name more than Romney’s name.

Getting your name into the public is very hard — look at Hunter.

Huckabee had it easy. The Media equals about 50 million in expenditures, if the media decides to make you a star.


111 posted on 01/31/2008 10:59:29 PM PST by CharlesWayneCT
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To: napscoordinator
I can’t believe how much you support McCain. It is stunning that a Catholic would support a liar.

You should probably read my tagline, sonny.
112 posted on 01/31/2008 11:00:39 PM PST by Antoninus (I won't flip for Mitt. I won't follow McCain down the drain. So I'm stuck with Huck!)
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To: Tennessee Nana

Wow, you can argue both sides of an issue in the SAME thread.


113 posted on 01/31/2008 11:01:28 PM PST by CharlesWayneCT
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To: Antoninus

“So you think it’s a good idea that a guy with hundreds of millions of dollars can just buy himself elected office, huh? You’d really like Mexico, then.”

Oh, are you talking about John McInsane who is a multimillionaire also? That guy, who is too cheap to use any of his own money (much of which he acquired by default when he dumped his first wife who was crippled up in an accident for a young blond heiress to a fortune), but would rather use that contributed by his sucker liberal donors. That guy with hundreds of millions of dollars? And John McCain absolutely loves Mexico. Why, he wants all of them to live right here in the good old USA, so that the taxpayers can pay multi millions of dollars on welfare, education, and housing criminals here in Atzlan. Your guy.


114 posted on 01/31/2008 11:02:36 PM PST by flaglady47 (The only one that stands between McQueeg and the Presidency is Romney)
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To: sand88
You missed my point because you are seemingly blinded by a dislike of rich people. You are a deeply envious person. I live a happy life and respect all people equally, be they poor or rich. You seemed full of rage about Mitt for some reason. I truly pity you.

More ad hominem junk. Is this what debate has come to on FR?

Yawn.

The fact that Flip is rich bothers me not one bit. The fact that he's spent scores of millions to make himself appear conservative--AND STILL FAILED--is pathetic.

Face it, he's a bad candidate.
115 posted on 01/31/2008 11:02:39 PM PST by Antoninus (I won't flip for Mitt. I won't follow McCain down the drain. So I'm stuck with Huck!)
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To: yellowhammer

McCain doesn;’t have to. He already did an entire campaign for name recognition, and has gotten about a hundred million dollars in free media since then.

When McCain leveled his false charge at Romney last friday, it was on EVERY news outlet. Romney had to fight to get any time at all to rebut the charge, and would have had to spend millions if he could have to run an ad to reach that many people.

The media loves McCain because McCain/Feingold makes all candidates beholden to them, as they are the only ones allowed to give candidates MILLIONS OF DOLLARS IN IN-KIND contributions, meaning free coverage.


116 posted on 01/31/2008 11:04:07 PM PST by CharlesWayneCT
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To: mountainbunny

No, the loan was on top of what was raised. That’s why he spent so much more than what he raised.


117 posted on 01/31/2008 11:05:12 PM PST by CharlesWayneCT
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To: Antoninus

“Face it, he’s a bad candidate.”

You’re distaste for Mormons comes between you and any rational decisions. It’s obvious, blatant in fact.


118 posted on 01/31/2008 11:08:10 PM PST by flaglady47 (The only one that stands between McQueeg and the Presidency is Romney)
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To: flaglady47
You’re distaste for Mormons comes between you and any rational decisions. It’s obvious, blatant in fact.

If you think your liberal accusations of bigotry are going to shut me up, think again.
119 posted on 01/31/2008 11:09:43 PM PST by Antoninus (I won't flip for Mitt. I won't follow McCain down the drain. So I'm stuck with Huck!)
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To: Reaganite1984
He rams a patently unconstitutional law through Congress, which limits the ability of anyone who isn't an incumbent or independently wealthy to run for political office, then whines like an hysterical yenta because someone who is wealthy doesn't let him waltz in and take the Republican nomination. If I were Romney I'd start airing campaign commercials that draw a stark contrast between his EARNED wealth and the wealth McCain married into.

Romney should highlight his earned wealth and the fact that independent his own money he still raised more than any other republican. And he should highlight the hypocrisy of McCain's law vs. McCain's complaint. Forget the wife thing but do highlight the fact that McCain has his own wealth to use if he liked unless he signed on to spending limits which would have been his choice.

120 posted on 01/31/2008 11:10:41 PM PST by torchthemummy (There Will Be No McCain Nomination Without Huckabee Running Interference)
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