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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: icwhatudo
So?

The limit any one person can contribute to a candidate before the general election campaign is $2300, thanks to the front-running Sen. McCain and our lame-duck Pres. Bush.

Even if those 1000 FReepers gave the max, Romney would have only $2.3 million.

In order the get the kind of money it takes to be competitive, Romney would need hundreds of thousands of donors, all giving less than the statutory limit.

In short, he doesn't and he's not.

61 posted on 01/31/2008 9:33:14 PM PST by logician2u
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To: Paleo Conservative
No, that was the McCain-Feingold law which made it very difficult for anyone who isn't personally very wealthy to finance a presidential run against Washington insiders.

Uh, this has been a problem since WAY before McCain-Feingold.
62 posted on 01/31/2008 9:35:09 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; All

Wonder where the Huckster and Paul are getting their money from to remain in the race? Soros?


63 posted on 01/31/2008 9:35:17 PM PST by whatisthetruth
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To: logician2u

It’s a cinch he’s not in it for the money.


Well I suspect he figures he’ll make something out of it should he be elected. He currently has loaned his campaign somewhere around $35 million with about $2 million cash on hand at year end.


64 posted on 01/31/2008 9:35:34 PM PST by deport ( --5 days Super Tuesday -- [ Meanwhile:-- Cue Spooky Music--])
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To: mountainbunny

Very true.


65 posted on 01/31/2008 9:35:58 PM PST by logician2u
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To: Lijahsbubbe

LOL


66 posted on 01/31/2008 9:36:56 PM PST by Tennessee Nana
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To: whatisthetruth

The Huck took in some $6.6 million and had some $1.9 million on had at year end. Don’t know where he getting the donors but they are coming from somewhere. He has no debt obligations based on FEC filing.


67 posted on 01/31/2008 9:40:12 PM PST by deport ( --5 days Super Tuesday -- [ Meanwhile:-- Cue Spooky Music--])
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To: whatisthetruth
Wonder where the Huckster and Paul are getting their money from to remain in the race? Soros?

The 4th Quarter campaign finance filings should be available by Monday on the FEC's Web site.

Satisfy your curiousity.

And, while you're at it, please post all the incriminating evidence you find. We need to see it.

68 posted on 01/31/2008 9:40:48 PM PST by logician2u
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To: no dems
Huck needs to drop out and endorse Mitt...

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.

69 posted on 01/31/2008 9:40:58 PM PST by Ingtar (Thompson - delegates, Huckabee - brokered, Keyes - Only C left. Which one on 2/5?)
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To: restornu

I saw Chuck Norris in an interview the other night for Huck, and it was sad. Norris is obviously a nice man, but not too bright. I’m actually ashamed to say it surprised me. I bought into the whole Chuck Norris “thing”.


70 posted on 01/31/2008 9:41:12 PM PST by khnyny (MSM IS BUSY Propping Up "Weekend at Bernie's" John McCain)
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To: whatisthetruth

Ron Paul seems to generate millions out of thin air off the internet. Maybe he is behind all of the emails I get from Kenya promising to transfer $7 million to my bank account if I send over my pin#!


71 posted on 01/31/2008 9:41:13 PM PST by ParaVet93
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To: deport

You found his report? Where?


72 posted on 01/31/2008 9:41:47 PM PST by logician2u
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To: Ol' Sparky

Well, that’s a spiteful response. I thought conservatives encourage the sort of individual achievement that results in the wealth that this man has accumulated in his life. I think he’s willing to spend as he has on this level because he believes in his acumen and will be able to earn more to replace it in the future if he is so inclined.


73 posted on 01/31/2008 9:42:22 PM PST by Floratina
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To: ParaVet93

In total, he has poured 35 million dollars of his personal fortune into his campaign.
________________________________________________

WOW

The boy REEEEEEEEALLY is obsessed with winning the POTUS


74 posted on 01/31/2008 9:43:12 PM PST by Tennessee Nana
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To: logician2u

FEC

http://www.fec.gov/finance/disclosure/efile_search.shtml

Insert Romney where Huckabee is now.


75 posted on 01/31/2008 9:43:54 PM PST by deport ( --5 days Super Tuesday -- [ Meanwhile:-- Cue Spooky Music--])
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To: Floratina

I don’t care how much money Romney makes. I do care that his money is the only thing that makes him a viable candidate. If not for his money, he would never have been anything but a second-tier candidate.


76 posted on 01/31/2008 9:44:01 PM PST by Ol' Sparky (Liberal Republicans are the greater of two evils)
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To: logician2u

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.
__________________________________________________

What kind of thief would take money off other people when he is worth $250 Million ?????


77 posted on 01/31/2008 9:45:48 PM PST by Tennessee Nana
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To: logician2u
I wonder how much of her own money Hillary has put into her campaign.

Wild guess: $00.00

Hillary wants the presidency so bad, she is willing to spend other people's money to get it.

78 posted on 01/31/2008 9:47:12 PM PST by wai-ming
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To: deport

Thanks, deport. This is going to take a little while, so I’ll save it until morning.


79 posted on 01/31/2008 9:51:34 PM PST by logician2u
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To: SaxxonWoods

I’d rather have a guy using his own money to get elected than a guy who will be owned by those who donate to him.
_____________________________________________________

Yeppers let’s not object to a guy who wants to own the country...


80 posted on 01/31/2008 9:51:53 PM PST by Tennessee Nana
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