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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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It's a cinch he's not in it for the money.
1 posted on 01/31/2008 8:58:23 PM PST by logician2u
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To: logician2u

Romney knows that despite all the moderate endorsement, the conservative base of the GOP is deeply unhappy with McCain. It’s turning to Romney, slowly, unassuredly perhaps, but it’s turning.


2 posted on 01/31/2008 9:01:42 PM PST by americanophile
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To: americanophile

Which conservative base, specifically?


3 posted on 01/31/2008 9:02:34 PM PST by logician2u
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To: logician2u

Chuck Norris was whining on Hannity & Colmes the other night that Romney is “buying the presidency.”


4 posted on 01/31/2008 9:02:45 PM PST by DTogo (I haven't left the GOP, the GOP left me.)
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To: logician2u

No, I think he us in it for the best reasons. And I personally am so glad he has the money since I can only help so much. (He won’t rent the Lincoln bedroom either.


5 posted on 01/31/2008 9:02:50 PM PST by libbylu (Mitten I WILL NEVER VOTE FOR MCCAIN OR HUCK..THEY CALLED ME RACIST/BIGOT)
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To: americanophile

Thankfully.


6 posted on 01/31/2008 9:02:50 PM PST by Terpfen (Romney's loss in Florida is a catastrophe.)
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To: americanophile

Yep.


7 posted on 01/31/2008 9:03:04 PM PST by GOP_Lady (I'm a MITTen!)
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To: americanophile

I don’t know how you figure that, with McCain since Florida now polling ahead in solidly red states like Georgia and Alabama (with Huckabee in 2nd, and Romney a distant 3rd).


8 posted on 01/31/2008 9:03:56 PM PST by rb22982
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To: DTogo
Chuck Norris is a dumb-ass who's taken to many karate chops to the head.

He should stick to hawking stupid exercise equipment people buy but never use.

9 posted on 01/31/2008 9:04:12 PM PST by Reaganite1984
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To: logician2u

I guess $87-million does not go as far as it used to. All that money spent and he cannot win a contested primary (unless he is running as a favorite son).


10 posted on 01/31/2008 9:05:06 PM PST by mcjordansc
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To: logician2u

The Clintons are closing in on a $100 million post-presidency profit. He’ll get all the money back and then some if he wins.


11 posted on 01/31/2008 9:05:44 PM PST by Reeses (Leftism is powered by the evil force of envy.)
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To: logician2u
I can’t believe he needed more dough . I am a thousandaire and I have sent him dozens of dollars . More than 8 dozen last night .
12 posted on 01/31/2008 9:05:54 PM PST by kbennkc (For those who have fought for it , freedom has a flavor the protected will never know)
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To: DTogo

In the days of old, Norris would just use a roundhouse kick.


13 posted on 01/31/2008 9:07:33 PM PST by Terpfen (Romney's loss in Florida is a catastrophe.)
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To: DTogo

Oh cheez, they all “buy” it. He’s just willing to use his own money, IOW, put it where his mouth is.


14 posted on 01/31/2008 9:07:44 PM PST by mrsmel
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To: logician2u

That large body that exists somewhere between the moderates and the FReepers. There are some who will never vote for Romney, that’s fine, but many, many other conservatives figure they will cast their lot with Romney rather than simply hand the nomination over to McCain.


15 posted on 01/31/2008 9:07:57 PM PST by americanophile
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To: Reeses
You may look on it as in investment, but I'm fairly certain Mitt Romney does not.

Clintons would sell their mother to the highest bidder, if she was still around to sell.

16 posted on 01/31/2008 9:08:19 PM PST by logician2u
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To: logician2u
It's a cinch he's not in it for the money.

What's the interest rate? If he just donted the money to his campaign, he couldn't later get reimbursed by donors. By loaning money to his campaign, he can get use political donations to repay the loans. The higher the interst rate he charges, the more he can get back as interest.

17 posted on 01/31/2008 9:08:48 PM PST by Paleo Conservative
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To: logician2u

Hey, a few million here, a few million there. Soon we’ll be talking about real money!


18 posted on 01/31/2008 9:08:53 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: logician2u

Things are about to change.
http://www.youtube.com/watch?v=vVnuD2JFNxc&feature=related


19 posted on 01/31/2008 9:11:04 PM PST by Tigen (Nothing new here;"Unlimited power is apt to corrupt the minds of those who possess it")
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To: DTogo
Chuck Norris was whining on Hannity & Colmes the other night that Romney is “buying the presidency.”

He's right. He's outspent everyone 3-1 else, except "Mr. $55-million-for-one-delegate."

And he's still going to lose.

May go down as one of the most outrageous power-grabs in American history.
20 posted on 01/31/2008 9:11:17 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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