Mitt rakes in $24M in 4th quarter. $19M in the bank
posted at 10:25 am on January 11, 2012 by Jazz Shaw
Mitt Romney chose the day after his New Hampshire victory to kick out an early release of his fourth quarter fundraising numbers, and he’s certainly got nothing to be ashamed of. It was a fairly impressive haul and his burn rate doesn’t look like it’s all that high for a presidential campaign of that scale. The Hill reports:
Mitt Romney raised $24 million in the last three months and has $19 million cash on hand.
The total is the strongest quarter so far for Romney’s campaign and is likely to dwarf what his Republican rivals report for their fundraising totals. An outside group supporting him has spent heavily on his behalf, allowing him to preserve some of his resources.
Romney raised $56 million in the year.
The haul means he will have plenty of resources to compete through Super Tuesday in early March.
Here are a few of the highlights which the campaign is trying to draw attention to.
- Total Amount Raised In Primary Contributions For The Year: $56 Million
- Amount Raised In Primary Contributions In The Fourth Quarter: $24 Million
- Amount Raised In Primary Contributions In The Third Quarter: $14 Million
- Amount Raised In Primary Contributions In The Second Quarter: $18 Million
- Cash On Hand: $19 Million
- Contributions Received From All 50 States And Washington, D.C.
- No General Election Money Collected
- Mitt Romney Did Not Make A Personal Loan Or Contribution
That last item might be the hidden gem of the report. Given all the talk about Huntsman (who we’ll have more on later today) possibly needing to loan himself money, is Mitt trying to throw a quick elbow near the sidelines? Romney has the money to loan himself if he needs to, but he’s going to make a point of showing that he has enough popular support that he won’t need to reach for his own wallet.
$19M isn’t a bad nest egg to be sitting on heading into South Carolina and Florida. I wonder if this early report might be a not terribly subtle effort to give more potential contributors the confidence to chip in?
Blowback
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Yup! Darth Mitt used his Jedi mind tricks to get all those conservatives to run against him.
And then he made his media lackeys to demonize them.
But he is going to lose his Jedi mind powers to Obama when he gets the nomination, right?
Time to adjust your foil hat, me thinks.
Gunlock Bill on January 11, 2012 at 1:18 PM
So Mittens ISN’T a Right Wing Social Engineer- Get over it -Its time to fire (Yes- Fire !) obama. Do you think the Indies on the fence really want a debate over gays and abortion perpetrated by the lefties in the general???
C’MON !!! Think it through- Rominee newtralizes the Democrites and their voter distracting non issues (gays-abortion). And if he can get Condi Rice on his ticket- The race card is unavailable to the machine as well.
Its all in what cards you have to play.
FlaMurph on January 11, 2012 at 1:26 PM
Rick Perry delivers and his record shows it.
After Obama shut down the gulf for how many months? & Put a kibosh on raking in the Permian Basin to save a spotted lizard nobody’s ever seen?
The job growth in Texas is driven by High Tech,Healthcare,Small Businesses & Startups and Manufacturing.
” The Brookings Institution just looked at how well cities had emerged from the recession. The rankings are based largely on job creating and housing.
Five of the top 10 are in Texas, with the state capital Austin leading the list. CBS News senior business correspondent Anthony Mason reports.
Every time the Austin, Texas company “Bazaarvoice” adds a new employee they bang a gong.”
California-based SunPower is not leaving the state, but the solar company is opening an operations center in Austin after the city offered up to $900,000 in hiring incentives. SunPower plans 450 hires.
About 80 percent of jobs created in Austin come from local companies. At the Austin Technology Incubatorat the University of Texas, Isaac Barchas gives very young companies office space and helps them find funding.
For Austin, nurturing new companies is paying off in jobs.
Austin’s entrepreneurs say there’s no secret to their success. It’s just an entire community committed to job creation.”
http://www.cbsnews.com/stories/2011/01/07/eveningnews/main7224063.shtml
http://www.siteselection.com/issues/2004/may/p336/
In fact Texas beat both the county and China in manufacturing.
2004 to 2008 was picked because those are the latest five years that data is available at the BLS for estimates of Chinese manufacturing employment.
Over the five year period from end of year 2004 to end of year 2008, Texas grew its manufacturing jobs by about 1.3%. Over the same period, total US manufacturing jobs fell by 10%. China manufacturing jobs…… fell by 7%.
And yes, Texas and US manufacturing jobs did take a hit in 2009, but Texas manufacturing jobs bounced back in 2010 and Texas had added manufacturing jobs in 8 of the last 10 months.
source: US Bureau of Labor Statistics, Current Employment Statistics (October preliminary data), US Bureau of Labor Statistics, China Employment and Compensation Costs in Manufacturing through 2008, Month Labor Review, March 2011
http://texanomics.blogspot.com/#!/
Every state that has adopted their own version of the Texas Model has seen job gowth
workingclass artist on January 11, 2012 at 2:34 PM
“Romney is not simply a capitalist, what he is is a corporatist. And it’s that insulation that would allow him to bankrupt a steel mill, walk away from its pension obligations, pocketing millions and leaving taxpayers on the hook to bail it out. And that’s the bullshit he and much of the GOP is selling as capitalism today in defending Romney.
Enter Newt Gingrich, who, duh, already said who (one of) his favorite President(s) was, hellooo??
Theodore Roosevelt
And what was one of Roosevelt’s big accomplishments? It is in that same spirit that Gingrich and Perry are railing against what, at times and in cases, became a form of predatory capitalism fueled by Wall Street speculation. Now here’s where it gets complicated.
While in office, Roosevelt became a “trust buster” by forcing the great railroad combination in the Northwest to break apart. As President, Roosevelt saw himself a representative of all the people, including farmers, laborers, white collar workers, and businessmen. Roosevelt therefore was focused on bringing big business under stronger regulation so that he could effectively serve all the people he represented. He sought to regulate, rather than dissolve, most trusts. Efforts continued over the next several years, to reduce the control of “big business” over the U.S. economy and workers. Earlier Congress passed the Sherman Antitrust Act in 1890 to maintain economic liberty, and to eliminate restraints on trade and competition. This act came into play during Roosevelt’s trust busting activities.
Simply dismissing Roosevelt as a Progressive in this case doesn’t cut it, because Romney, a corporatist, is far more Progressive politically, than Theodore Roosevelt ever was. That doesn’t mean I agree with everything Roosevelt did, by the way.
But the GOP establishment – and some useful idiots with no depth of understanding of what’s actually going on – are picking up the mantle of it’s an attack on capitalism. No it’s not. This is as much a discussion about values and priorities, as it is about commerce. Romney didn’t build plants, or a manufacturing base. He sold those things off and most of the jobs he created, if many at all – he’s lying about that – were part-time, minimum wage jobs without benefits.
Don’t believe me, check with Business Insider.
CHART: Mitt Romney’s Great Big Jobs Creation Lie
Point being, if you think a Mitt Romney is going to re-set this country back to the age of Roosevelt in terms of conservatism versus progressivism, he’s not.
What we’ll get is simply more contemporary progressive big government.
Meanwhile, Newt and Perry are both more Constitutionally grounded than is Romney, in those terms. Hence, they are both the more conservative choice over Romney…”
http://www.riehlworldview.com/carnivorous_conservative/2012/01/conservatives-are-being-played-perry-and-gingri
workingclass artist on January 11, 2012 at 2:47 PM
Ever wonder why Wall Street “fat cats” are dumping millions into RINO Romney’s coffers?” Can you say “Status Quo?” RINO Romney (aka Obama-Lite)will do nothing to change the massive tak breaks and corporate welfare enjoyed by these folks. Where’s the damn Occupy morons when you really need ‘em???
Colatteral Damage on January 11, 2012 at 4:51 PM
There are three men sitting at an outdoor cafe. One is a Capitalist, one is a Socialist, and one is a Communist. A very rich man drives by in a phenomenal automobile, and gives the three something to discuss.
The Communists immediately sniffs his nose and says: No man should have that kind of money. The government should protect itself and take is all away to teach him a lesson that no man is better than another. It knows how to best keep that money.
The Socialist jumps in and says: All men should have that kind of money. The government should protect the people and confiscate everything he has and distribute it, to teach him that all men are equal in all ways. The people know how to best spend that money.
The Capitalist looks at the other two, shakes his head and says: Any man should be able to make that kind of money. The government should protect his inalienable rights and make sure he is able to keep all he has worked for, because obviously he has a talent for making money, and should be respected for it. Its his money, and he knows how to best invest it.
Which one are you?
MooCowBang on January 11, 2012 at 9:59 PM
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