Romney raises $100 million

[krazen1211]

https://twitter.com/mikeallen/status/220954623689752579

@MittRomney campaign obliterates fundraising goals, raises over $100m in JUNE, best month so far (record: Obama raised $150m in 9/08)



Americans are investing in Victory.

[NHI]

https://twitter.com/mikeallen/status/220954623689752579

@MittRomney campaign obliterates fundraising goals, raises over $100m in JUNE, best month so far (record: Obama raised $150m in 9/08)



Americans are investing in Victory.

I've got a good feeling.

[ajc0918]

https://twitter.com/mikeallen/status/220954623689752579

Americans are investing in Victory.

More like the wealthiest Americans are protecting their tax rates.

[Sibboleth]

How can this sort of thing not make you sick?

[krazen1211]

How can this sort of thing not make you sick?

Did it make you sick 4 years ago?

[Supersonic]

https://twitter.com/mikeallen/status/220954623689752579

@MittRomney campaign obliterates fundraising goals, raises over $100m in JUNE, best month so far (record: Obama raised $150m in 9/08)



Americans are investing in Victory.

I've got a good feeling.

[RogueBeaver]

It isn't how much but how you use it. Just ask Meg Whitman or Linda McMahon. Nonetheless this is still good news for Boston.

[JulioMadrid]

Tender's already made a topic about this.

[Sibboleth]

How can this sort of thing not make you sick?

Did it make you sick 4 years ago?

Yes, actually.

[Vosem]

How can this sort of thing not make you sick?

Did it make you sick 4 years ago?

Yes, actually.

People have the right to spend their money however they want. It doesn't make me sick whatsoever, and neither did it 4 years ago.

[Lief]

I wonder what percentage of that $100 million isn't maximum donations.

[5280/East California]

It's all part of politics, however they spend their money is up to them whether foolish or not.  Personal opinions aside.

[Clinton 2016]

I doubt americans have this much money. its mainly from rich people who are scared of losing their money(Koch brothers,Karl Rove).

[asexual trans victimologist]

How can this sort of thing not make you sick?

Did it make you sick 4 years ago?

Yes, actually.

People have the right to spend their money however they want. It doesn't make me sick whatsoever, and neither did it 4 years ago.

People's rights to do whatever they want tend to run into reasonable limitations when the exercise of those rights enters the public sphere.

[krazen1211]

How can this sort of thing not make you sick?

Did it make you sick 4 years ago?

Yes, actually.

People have the right to spend their money however they want. It doesn't make me sick whatsoever, and neither did it 4 years ago.

People's rights to do whatever they want tend to run into reasonable limitations when the exercise of those rights enters the public sphere.

Well that is a peculiar theory. But given that Barack Obama has a massive loathing of the public financing law that enacted such limitations, I presume that Mr. Romney will not care for them either.

[Sibboleth]

People have the right to spend their money however they want.

How far are you willing to take this so-called principle?

More seriously (perhaps) there are certain implications for democracy when campaign spending (and other political contributions) reach the sort of levels seen in the U.S these days. I think the phrase 'institutionally corrupt' might be used, though perhaps we could branch out to 'structurally corrupt', which has a surprisingly effective ring to it. And that's just the first level of problematic problems!

[Sibboleth]

It's all part of politics

That's not an argument, that's capitulation (haha). Grow a pair.

[Emperor SJoyce]

People have the right to spend their money however they want.

Good to see more and more Republicans coming out in favor of legalization of all drugs and legalization of prostitution. This is good progress.

[Minnesota Mike]

It appears Priorities USA (Obama Super Pac) had a very good June.

http://www.huffingtonpost.com/2012/07/05/huffpost-fundrace----100-_n_1652687.html

"As of late June, the super PAC has amassed a total of $40 million, with almost $20 million in the bank and about a dozen million-dollar donors onboard." This would mean that the pro-Obama super PAC would have raised $26 million in June! If so, it would be the biggest haul by any single super PAC in one month since super PACs were conjured into existence.

Democratic Super Pacs will never out raise Republican ones but it is good to see them getting in the game.

[Jayhawker]

http://www.newsmax.com/Newsfront/Romney-fundraising-record-June/2012/07/09/id/444773

Romney raised $106 million, compared to only around $71 million for the President. 94% of those donating to Romney gave less than $250.

Didn't find any CoH numbers, but I'm betting Romney has fully caught up.

[RogueBeaver]

You need to use it effectively as Meg Whitman can attest.

[Lief]

Romney's campaign said about $22.3 million of the $106.1 million total came in donations of $250 or less. Those smaller donations, generally seen as a gauge for grassroots support, accounted for 94 percent of total donations, meaning much of the June cash came in a form of a few large contributions.

So 80% of his money came from 6% of his donors. Wow.

[Minnesota Mike]

Romney's joint fundraising committee, Romney Victory Inc.,  released their first report yesterday (not sure why they are on a quarterly schedule and Obama's joint fundraising committee is on a monthly schedule).

http://query.nictusa.com/cgi-bin/dcdev/forms/C00518282/798337/#SUMMARY

Interesting that so far the RNC ($53 Mill) has received far more than Romney for President (15.8 mill). The joint Fundraising committee also has 57.7 mill COH.  To me it looks like most of the money they raised is either in very  large contributions (RNC has higher limits than candidates committee) or is from donors who already maxed out their primary donations and is thus is not available until after the convention. Probably why Romney himself has not been up with many ads so far.

[King]

Romney's campaign said about $22.3 million of the $106.1 million total came in donations of $250 or less. Those smaller donations, generally seen as a gauge for grassroots support, accounted for 94 percent of total donations, meaning much of the June cash came in a form of a few large contributions.

So 80% of his money came from 6% of his donors. Wow.

Quite down Lief.  Can't you see that (a baker's dozen of) Americans are investing in Victory?

[Minnesota Mike]

http://www.huffingtonpost.com/2012/07/16/romney-victory-fundraising_n_1675231.html

More than half of the $140 million came from just 1,355 individuals and political action committees, each giving more than $35,800 -- the maximum amount that can be transferred to the Romney campaign and the RNC. In total, these donors provided $72 million to Romney Victory, which included at least $24 million above the individual contribution limits of $5,000 to the Romney campaign and $30,800 to the RNC.

The $24 million that cannot go to either the Romney campaign or the RNC will likely be diverted to the state party committees in Idaho, Massachusetts, Oklahoma and Vermont as part of a clever scheme to take advantage of loopholes in campaign finance law that allow one donor to provide more than the legal contribution limit to efforts in battleground states.