Romney Reaps Donations From Backers of Primary Opponents
I’ve sent Romney a few bucks. You should too!
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Several donors gave $5,000 to Romney, who became the first Republican since Richard Nixon in 1972 to raise private money for the general election. Following the Watergate break-in scandal that led to Nixon’s resignation in 1974, Congress offered public financing to candidates who agreed to forgo raising private money, and every major-party nominee except Obama in 2008 took the federal funds. This year both campaigns will be funded entirely with private money.
Romney entered June with $17 million in the bank, one-sixth of the $109.7 million amassedby Obama. That gap was narrowed as the Republican National Committee reported $60.8 million cash on hand, more than double the Democratic National Committee’s $29.7 million.
In May, the first full month since Romney was assured of winning the nomination, he received $7.1 million and the RNC $25.9 million from a joint fundraising committee. Obama brought in $8.7 million and the DNC $13.3 million from a similar fundraising apparatus, which allows donors give larger contributions at one time.
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