Saturday, November 19, 2011

Newt May be Rising but still has no Money (Relatively speaking)

As of September 30, the date of the most recent campaign finance reports, Gingrich's presidential campaign had brought in just $2.9 million, according to research by the Center for Responsive Politics.

That's only about 9 percent of GOP frontrunner Mitt Romney's  $32.2 million fund-raising haul during the same period.
In relation to the 2008 campaign, at the end of September in 2007, John McCain had raised about $32.1 million -- which was about two-thirds of the amount collected by former New York City Mayor Rudy Guliani and about half the sum brought in by Mitt Romney during that same time period, according to the Center's research.

Stated another way, having the money doesn't guarantee political success, but there is no evidence that the absence of it can result in political victory. Newt may be an exception, though I doubt it. Either we will start to see an immediate spike up in money to Gingrich or he will flame out like Bachmann, Perry and Cain before him.


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