Romney and Man, It Must Be Nice To Be Worth $200 Million

January 2nd, 2008 By: Michael van der Galien | Tags:

Shortly before the first states will hold their primaries, Mitt Romney has decided to spend even more millions on his candidacy. The Boston Globe quotes him as saying that he’s not willing to say how much he loaned himself in the fourth quarter, but it’s clear that he didn’t loan himself only a couple of thousands of dollars.

Romney said: “I’m sure I made additional contributions in the fourth quarter, but I don’t have any numbers for you. And we’re not going to get into the numbers probably until sometime in the middle of the month. Right now, we’re focused on voters.”

(Image: Mitt and Ann Romney campaigning in Altoona Iowa. John Gress / Reuters)

My guess is that he’s loaned himself several millions to be able to outspend everyone else. If Ron Paul raised $20 million, Romney probably raised 12-15 million dollars. Giuliani did probably quite well as well, meaning that Romney would have had to invest several millions of his hard earned money.

Why doesn’t he want to give the exact numbers? Well, fundraising numbers are a clear indicator of how support a candidate receives. If he didn’t raise as much as he hoped, he’d probably rather have people find out about it until after the first primaries. Other than that, his opponents – and the media, but I’m repeating myself – would probably use his loaning habits against him. O, and why should he let his opponents know how much money he’s got to spend until he has to (he has to make the numbers public before the end of this month)?

Well, those are my thoughts on it anyway.

Lets do a guessing game: how much did Romney loan his campaign in the fourth quarter of last year?

The winner will be mentioned on the frontpage when the former governor of Massachusetts announces how much money he raised.

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  1. Burt Hoovis
    January 2nd, 2008 at 19:10
    Reply | Quote | #1

    GO RON PAUL!

  2. Alan
    January 2nd, 2008 at 19:23
    Reply | Quote | #2

    If we truly had an unbiased, fair and meaningful news media in the USA, isn’t it obvious how big a story it would be that Ron Paul raised MORE than any other Republican candidate in the 2007 4th quarter, from FAR more indidividual donors, DESPITE Mitt Romney "loaning" himself millions of dollars?  The contrast between the two is just staggering — grasssroots populist vs. big money elitist.

    I guess it’s just foolishly naive of me, though, to expect such a significant matter to make it into the corporate media — after all, how does it further the corporate media’s agenda?

  3. Colin
    January 2nd, 2008 at 19:38
    Reply | Quote | #3

    I will guess Romney loaned himself 15 million.

  4. robert
    January 2nd, 2008 at 19:53
    Reply | Quote | #4

    I’m guessing that he loaned himself 12.4 million in the fourth quarter.

  5. Alan
    January 2nd, 2008 at 22:52
    Reply | Quote | #5

    This comment has been edited by MvdG because it doesn’t deal with the substance of the post (which was written by MvdG as well).

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