Monday, October 1, 2007

FUNDRAISING: FRED'S STRUGGLES and Mitt's self-funding options

MSNBC writes this story:

Here's something to compare Thompson's money to: the 1st Q numbers of his three main rivals: Romney raised 21.2M; Giuliani raised 16.6M; McCain raised 13M.

By comparison, Fred’s $7-8M (or even $10 million) this quarter is not great. NBC’s Kelly O’Donnell reports that sources say Fred Thompson will report in excess of $8 million, but would not say if the campaign breaks the $10 million mark in his campaign's first FEC filing.

More specifically, advisors say Thompson has 70,000 individual donors, which they claim describe as "a huge signal of grassroots support." About one quarter of the money raised comes from online donors. And since his formal announcement day in early September, advisors claim they have raised 200-thousand dollars a day. Advisors acknowledge the third-quarter filing may be "a little less than" Giuliani, but they claim their fundraising makes Thompson "competitive." They claim to "feel good." Thompson's campaign will complete its filing within a few days and does not plan to be the first campaign to announce.

Not a lot of dough for a guy who was to be the conservative Messiah. All he had to do was announce, and he get millions flocking to him?

Update: Here's a story about Mitt's likely self-funding next year:
Elsewhere on the Republican side, the real wild card is former Massachusetts Governor Romney, not because of anything that he is doing now, but because of what he has the potential to do in the new year.

Starting in 2008, candidates will be required to file finance reports monthly, but those accountings are not due at the FEC until the 20th of the following month. What his opponents expect and fear is that Romney will write himself a huge check shortly after the beginning of the new year to provide himself a massive infusion of funds for the early round of primaries. Not until those contests are all over — and in all likelihood, the nomination is wrapped up — will there be any legal record of how much Romney spent and how.

"He can quite literally write a $20 million, $30 million, $40 million check on New Year's Day, and no one will know," says a strategist for another Republican candidate. "All the campaigns are preparing for that. Everybody knows it will happen, we just don't know when or how big it will be."

Interesting. It's his $. He can do whatever he wants, I say.

No comments: