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From the press release:
The Rudy Giuliani Presidential Committee reported today it has outraised every other Republican campaign and has over $18 million cash on hand. The campaign raised over $17 million in the second quarter, for both the primary and general election, and ended the quarter with zero debt.
The second quarter fundraising totals highlighted the Giuliani campaign?s growing momentum and commitment to discipline and efficiency with campaign dollars.
The campaign both outraised first quarter totals by more than $2 million and doubled the number of individual donors. Contributions have been received from all fifty states, Puerto Rico, the Virgin Islands and the District of Columbia .
?We are thrilled by our fundraising this quarter and are running a strong and efficient campaign. We are well positioned to win both the primary and the general elections,? said Giuliani Campaign Manager Michael DuHaime, ?and we are serious about being good stewards with the money that has been entrusted to us.?
Deputy Campaign Manager Anne Dunsmore added, ?Since joining Team Rudy, I have been increasingly encouraged by the response to Rudy?s message across the country. That strong support translates into an increase in the number of events, donors and dollars which will allow us not only to compete and win the primary, but to win the general election.?
July 3rd, 2007 at 2:14 pm
18 million COH is HUGE!!!!
July 3rd, 2007 at 2:15 pm
WOW!! he’s doing better then I thought! Who does this HURT?
July 3rd, 2007 at 2:15 pm
Mitt… 12 million COH (9 million if it loans)
McCain… 2 million COH
July 3rd, 2007 at 2:16 pm
I missed my guess by 1 million. I think I said 19 million in the below post.
July 3rd, 2007 at 2:17 pm
So let’s see here. Excluding personal loans from the candidates to themselves, the CoH totals are:
Rudy: $18 million
Mitt: $3 million
McCain: $2 million
July 3rd, 2007 at 2:17 pm
Rudy Rudy Rudy Rudy Rudy Rudy Rudy
July 3rd, 2007 at 2:18 pm
The Fiscal Conservative…. Rudy Giuliani…. he has spent every dollar very well…. 0 debt, and is just waiting until August/September to go hardcore in Iowa.
July 3rd, 2007 at 2:19 pm
Actually, if you read my post in the former category… I nailed it within half an hour!
July 3rd, 2007 at 2:19 pm
17M in general and primaries, Romney had 14M in just primaries. So what is Rudy’s 2Q primaries number?
I think the big story here is that Reps are getting completely out-fundraised by the Dems.
July 3rd, 2007 at 2:19 pm
HOw come rudy is collecting all this money? now that rudy was the last to announce numbers ? who in the gop is hurt. does this mean 1 of the top 3 will leave 08 race?
July 3rd, 2007 at 2:19 pm
Kavon, indeed! Also, my cash on Intrade is skyrocketing… Long Rudy, long Fred, short Romney
July 3rd, 2007 at 2:20 pm
Greg: Nobody’s going to leave any time soon.
July 3rd, 2007 at 2:20 pm
Tommy, congrats.
Tony: I noted that in the thread below. We’ll find out. Last quarter, Rudy had about 1M in general.
July 3rd, 2007 at 2:20 pm
Greg, no offense, but are you 5?
July 3rd, 2007 at 2:24 pm
Wow, the Rombots got quiet. Could a piece of reality have FINALLY sunk in?
July 3rd, 2007 at 2:24 pm
Speaking of Romney… where’s all the usual suspects?
July 3rd, 2007 at 2:25 pm
Tony has a good point, the GOP is getting swamped by the dems.
That said, it’s early. Fred should do well. Also, once the nominee is decided, the money should pour in to stop Hillary.
This is actually, another reason why Rudy is the strongest general election candidate:
A)He’s the most well known and most popular nationally. He doesn’t have to spend as much to build name ID or recognition so the dems fundraising advantage won’t matter as much
B)He’s the best positioned to compete in big market states like NY, CA, NJ, PA, FL etc… Even if he’d ultimately lose some or all of those states, he’d force the dems to spend money in them and further burn down their advantage. If it was Fred for example, the dems would have all the blue states locked up at the beginning and could use their money to after us in the red states.
July 3rd, 2007 at 2:26 pm
This is good news for Romney. Rudy is only $3M more than Romney and some of that was general election funds. Let’s have the primary only number.
I suspect that Rudy beat Romney with just primary money only, but not by much.
Romney has spent more than Rudy, but he does have something to show for it.
July 3rd, 2007 at 2:26 pm
THIS IS GOOD NEWS FOR ROMNEY? WTF?!?!?!?
HAHAHAHAHAHAHAHAHAHAHAH.
July 3rd, 2007 at 2:27 pm
Oh yeah and I forgot that Rudy really didn’t even try hard in the first quarter so he should have blown the pants off Romney, but he didn’t. I think this is great for Romney.
July 3rd, 2007 at 2:27 pm
Romney loaned it all to Cousin Eddie.
July 3rd, 2007 at 2:28 pm
Dude, Romney is not effectively the self-funded candidate. You think that is a GOOD position to be in?
He DROPPED in contributions by FIFTY PERCENT.
Reality, anyone?
July 3rd, 2007 at 2:30 pm
18M is impressive for CoH – kudos to Giuliani. So it’s 18M > 12M > 2M. Does anyone know if any other candidate has announced more than McCain for CoH? That would be adding insult to injury …
July 3rd, 2007 at 2:31 pm
Dave,
I think it’s more like 33%. 21M to 14M, but still, that’s not good.
July 3rd, 2007 at 2:32 pm
No, Tony,
It’s 18M > 3M > 2M.
Or it’s 250M > 18M > 2M.
Take your pick.
July 3rd, 2007 at 2:32 pm
Right, 33%, I know my math… I’m just giddy and not thinking clearly.
July 3rd, 2007 at 2:34 pm
I think Rudys advantage is clearly being overstated. I think the Rudy cheerleaders need to take a step back, it’s a mild negative for Romney but nothing insurmountable, and pretty good for Rudy but nothing over the top either.
July 3rd, 2007 at 2:35 pm
Yes, it’s insurmountable. If he has a 33% drop, he does not have the base to turn it around.
His only choice is to be the self-funded candidate in the race, and that is not going to go over.
July 3rd, 2007 at 2:35 pm
Does anyone have Obama and Hillary’s COH?
Also, this shows that all that talk about needing 100M to compete was way off. Both Mitt and Rudy have raised about 35M thus far(not including Mitt’s “loans”). Either of them will be lucky to raise 75M by January. McCain will be lucky to raise even 50M. I don’t know where Fred will come in but the good news for him is that he’s not that far behind Mitt and Rudy. If either of them had raised an Obama or Hillary like 50M+ thus far he might have been just too far behind but at about 35M, there’s still an opening for him.
July 3rd, 2007 at 2:35 pm
David B, for CoH, I am thinking of what position the candidates are in as far as being able to continue paying staff, running ads, and so on – as I think that’s more relevant to how the campaign will play out. Neither technically nor effectively does Romney have 3M CoH.
July 3rd, 2007 at 2:36 pm
“it’s a mild negative for Romney but nothing insurmountable, and pretty good for Rudy but nothing over the top either.”
Sorry, but I gotta side with the Rudy supporters on this one. This came just after we heard about how Romney was strategically spending his massive warchest on ads, and how much stronger a candidate he is because he outraised everyone in the first quarter…. and we heard that one alot.
July 3rd, 2007 at 2:39 pm
From Real Clear Politics:
“Romney’s drop is worse than McCain’s”
http://time-blog.com/real_clear_politics/2007/07/romneys_fundraising_drop_worse.html
July 3rd, 2007 at 2:40 pm
David B,
Romney – first quarter $21 M, second quarter $14 M, all primary funds
Giuliani – first quarter $14 M primary, $17 M (mixture of primary and general so we really can’t compare the two yet).
Romney dropped by about 33% while Giuliani stayed about even. Now consider that Giuliani didn’t start his first quarter fund raising until late in the quarter. This means his Q1 numbers were justifiably lower than Romney’s. However, it also means he should have significantly increased his money take in Q2. Remeber all that talk about how Giuliani raised $10 M in March alone (implying he would raise $30 M the next quarter when he actually started to raise funds seriously).
This shows that Rudy’s support spilled over from Q1 to Q2, but not nearly as much as it should have. Rudy only stayed the same. That is not good.
In terms of total dollars, Romney’s dropped, but he still managed to raise as much as Rudy. Total dollars are what counts and Romney still leads in that category.
By the way, could you stop with the cursing, this isn’t DailyKos.
July 3rd, 2007 at 2:40 pm
Tony, dead wrong.
If Romney is an honest man, then a loan is a loan, and it must be REPAID from other contributions. It’s a DEBT.
Look, he can only afford the expenses you mention by flowing MILLIONS from his personal bank account. And he can do more of that at any time during the quarter he needs to run more ads and pay more staff. In which case his COH is 250M, his personal net worth.
July 3rd, 2007 at 2:41 pm
[...] to Race42008, he raised $17M, $18M Cash-on-hand, $0 in debt. by Sean @ 2:41 pm. Filed under Uncategorized [...]
July 3rd, 2007 at 2:43 pm
To the Romneybots one query; what happens when the other candidates
start running ads just like Romney? Won’t that start bringing down his
numbers?
July 3rd, 2007 at 2:43 pm
I think David’s got the upperhand, Romney guys. For the last three months, all we’ve heard about was the spectacular fundraising of W. Mitt Romney. Rudy’s fans have every right to jump all over this one.
July 3rd, 2007 at 2:43 pm
Romney drops by 33%. Rudy increases by 10%+ (we’ll see).
Rudy outraised Romney.
Rudy has an $18M warchest. Romney has a COH disaster, now being the self-funded candidate in the race.
July 3rd, 2007 at 2:47 pm
Regarding Romney being worse than McCain, we need to have a sanity check. It doesn’t matter how much your haul rises or drops if you are still raising very little. Even though McCain dropped less, it is still a problem because his takes were so small. Romney’s dropped and he is still the overall leader in take. Rudy managed to stay the same because he didn’t get serious until the end of Q1.
July 3rd, 2007 at 2:49 pm
David B, I guess it is a victory for Rudy to out raise Romney, but I thought everyone understood that to be a given. The question was by how much, and, unfortunately, it wasn’t much (assuming he ever gives the primary numbers).
July 3rd, 2007 at 2:49 pm
David B, you are absolutely right about Romney moving closer to being the Republican Bloomberg with the latest loan. So in that sense, you’re right, his CoH is 250M and comparisons with the other candidates aren’t really useful – although I doubt Romney would be willing to fund anywhere near his actual net worth into his campaign.
July 3rd, 2007 at 2:52 pm
dblagent #39: “Romney’s dropped and he is still the overall leader in take.”
dblagent #40: “I guess it is a victory for Rudy to out raise Romney.”
CLASSIC ROMBOT NON-THINKING.
July 3rd, 2007 at 2:52 pm
I wonder if the rest of the field will now release their numbers. I’m curious because the Paul supporters have been talking a huge game lately, predicting the fall of the neo-con scourge with his newly acquired warchest.
Kavon, I wouldn’t call Rudy the winner yet. We still gotta wait on Paul’s numbers.
July 3rd, 2007 at 2:53 pm
[...] Race42008 [...]
July 3rd, 2007 at 2:57 pm
Where’s Murphy??
July 3rd, 2007 at 2:57 pm
Hugh Hewitt still sees this as a victory for Romney
http://hughhewitt.townhall.com/g/527d93c1-8484-4a36-b096-8755665fd922
July 3rd, 2007 at 3:01 pm
What this does is take away from romney the ONLY really strong suit he had going – - that he was the money man. It really makes him look blown out of the water.
July 3rd, 2007 at 3:02 pm
Well I assume the Rudybots are going to become intolerable with the gloating now.
What they’re forgetting is that the decline of Romney and McCain leaves a big opening for a conservative candidate.
What’s surprising is that the Democrats have raised over twice as much this quarter than the Republicans.
July 3rd, 2007 at 3:03 pm
whats intolerable is econ grads constant lecturing and sitting on the fence.
July 3rd, 2007 at 3:03 pm
(sorry had to say it)
July 3rd, 2007 at 3:05 pm
KT, I’m going to wait to see who looks like they can beat Rudy because I’d like to remain in the Republican Party.
If you don’t want to be on a website with people who don’t like Rudy why do venture off of Rudy cheerleader blogs?
July 3rd, 2007 at 3:10 pm
econ grad my opinion of you is that you DONT belong in the republican party…you are way too uptight.
July 3rd, 2007 at 3:12 pm
Republicans shouldn’t be happy. Democrats outraised Republicans almost 2:1. A post on the NRO Corner said that part of Giuliani’s total is made up of general election money. So Rudy and Mitt raised about the same in primary cash—this is not including Mitt’s personal cash infusion. I think Mitt’s burn rate is fine; people in IA and NH appreciate the attention and the money.
July 3rd, 2007 at 3:12 pm
Jonathan, that’s a good question. To an extent, it must depend on the depth of voter loyalty for Romney’s supporters in IA and NH – and I’m guessing it isn’t all that deep. Right now, Romney has really only one way to go in those states in terms of placement, so it sets up a precarious situation where it is difficult to gain any more ‘momentum’ buzz. To do that, he would either have to a) significantly increase his lead in either of those states, or b) start moving up in other important states, or c) start moving up nationally. For b), Florida is an obvious – if big – target.
July 3rd, 2007 at 3:14 pm
KT%, I’m ignoring you from now on. All you do is throw juvenile insults. I can count on my fingers the times you’ve said something worth the bandwidth.
July 3rd, 2007 at 3:15 pm
This is Rudy’s Day. Well done your honor. As a McCain man I can only dream of having that kind of Cash on Hand. It speaks to the mayors’s fiscallly responsible nature. I think he will be well positioned to take the handful of McCainiacs into his campaign should the Senator call it quits. As for Romney, not a good quarter. The burn rate is excessive. Sure his spending actually produced results while McCain’s was flushed right down the crapper. But still, you wonder if the Romney campaign is as strong as has been hyped recently. This is an indication that Romney still has a long way to go before he can play with the big boys like Rudy. But hey, when you can bankroll your own campaign its nothing to lose any sleep over.
July 3rd, 2007 at 3:17 pm
IR-MN: As an upper Midwesterner, you know Iowans won’t take well to a self-funded candidate buying his way into a win.
econ grad stud: Actually, I’m only gloating today. And mostly because of the insidious unreality of the massive amounts of Rombots on this site over the past months. I think Rudy faces a very tough challenge in Fred and when negative ads come out.
July 3rd, 2007 at 3:19 pm
Wow, you know what’s amazing? This year, Romney has SPENT approx the same amount of dollars Rudy has raised. Yet Rudy still has 18M on hand, Romney has 3M after his 9M in debt, and his support has fallen by 1/3 while Rudy’s is growing. Wow! That’s it in a nutshell.
July 3rd, 2007 at 3:19 pm
Am I a “Romneybot” if I think Romney is the best person for President?
Am I a “kike” if I prefer Judaism to Christianity or Mormonism?
Am I a “homophobe” if I prefer to maintain a definition of marriage as being one man and one woman joined?
The point I’m trying to make with the sentences above is that I resent us Romney supporters being called a pejorative name just because we prefer him to the other candidates.
All of Romney’s contributions have been for the primary. Some of Rudy’s (I don’t know how much) are for the general. Considering the primary money alone, they probably raised about the same amount.
The main point is that the Democrats are cleaning the Republicans’ clocks in fundraising. I would imagine that’s a very ominous sign for our side, no matter who ends up with the GOP nomination.
July 3rd, 2007 at 3:21 pm
Okay, so Giuliani got $15M in primary money, which is $1M more than Romney and $1M more than his take in Q1. And this is a big victory for Giuliani how? The guy was supposed to have brought in $10M alone in March! If that is true then Giuliani’s fund raising has dropped off at a rate of 50% (if he had maintained that torrid pace he would have ended up with $30M, but instead has dropped off by half). Gee that doesn’t look too bad compared to Romney’s drop of 33%.
July 3rd, 2007 at 3:21 pm
http://abclocal.go.com/wls/story?section=nation_world&id=5446836
Hold on, looks like Giuliani only raised $15 million for the primaries. That means that Romney’s $14 million for the primaries is awfully close.
July 3rd, 2007 at 3:22 pm
Does anyone else think it’s time to have a debate with just the top guys. No offense to the Hunter’s, Tancredo’s and Huckabee’s of the world but they’re trailing badly and having debates woth 10/11 guys is meaningless.
We need to see a debate with Rudy, Fred, Mitt and John(although I’m not even so sure about him lately) where they can really talk about their ideas and policies.
I think the next GOP debate is 8/5 in IA. Fred should be there.
July 3rd, 2007 at 3:22 pm
David B, besides that Democrats raised over twice as much as the Republicans.
At this rate the primary isn’t going to matter. It seems like special interests are betting on the Democrats winning.
Such a divided party makes it even harder for Republicans to compete with the Democrats.
July 3rd, 2007 at 3:23 pm
Cash on Hand for Giuliani primary is only $15 million. Still good… but not much of an advantage over Romney.
July 3rd, 2007 at 3:27 pm
“Still good… but not much of an advantage over Romney.”
Actually, that’s not very good overall. Also, does that include Romney’s self financed loans to himself?
July 3rd, 2007 at 3:28 pm
Rombots used to worship MOMENTUM. Now they say 14M = 15M, dropping that Romney lost ONE THIRD of his support while Rudy gained some.
Then they have the GALL to suggest Rudy lost his momentum.
Are there any brain cells in your heads? any?
THIS is why we call you ROMBOTS. Because you don’t THINK.
(MattC and Matt excepted.)
July 3rd, 2007 at 3:29 pm
hey econ grad deal..deal… I will from now on expect you to ignore me. However, do not expect me to keep quiet when you bash rudy supporters. I will call you out on your piffy arrogance every time..
July 3rd, 2007 at 3:29 pm
Romney contributors goes from 32,000 to 80,000. Unless Giuliani shows a large increase in donors this could not bode well for his future fundraising efforts. If Giuliani doesn’t increase his donors sifnificantly you could mark this as a win for Romney. Not only is he only $1 million off on primary funds but could be in a much better position for future fundraising efforts.
July 3rd, 2007 at 3:30 pm
Also in those numbers, Giuliani has 15M CoH for the primaries. So, 15M > 12M/250M > 2M. Now what I want to know is … what are Ron Paul’s numbers?
July 3rd, 2007 at 3:32 pm
Rudy has done well but it’s nothing to write home about. For pretty much leading the polls since he got in, having near 100% name ID, and the highest +/- and approval #s as well as a background in the rich NY area, he’s not blowing anyone away.
As of today, my prediction is that Fred Thompson leads COH as of Labor Day, is way out in front by January, wins IA and NH and coasts in SC and FL and wraps it up on 2/5.
I’m seeing a Fred vs Hillary match up with it coming down again to FL, OH and PA.
July 3rd, 2007 at 3:40 pm
KT and RealDeal,
Sorry to keep you hanging by my silence. I was actually otherwise engaged for the last few hours. Shocking, I know.
DavidB, Rudy edged out Romney by $1M raised in primary funds. Congrats. But calling Romney supporters mindless robots (with two exceptions) is really not necessary or mature.
July 3rd, 2007 at 3:47 pm
Keep in mind that alot of this money can’t be used in the primaries because it is General Election Money. Also Keep in mind that Rudy held about twice the number of fundraisers this quarter than Mitt. Taking that into consideration, Mitt and Rudy are about equal in fundraising dollars.
July 3rd, 2007 at 3:49 pm
How much of that 17m will Rudy have to give back when he loses the primaries?
July 3rd, 2007 at 3:55 pm
Here’s a 2nd Quarter Fundraising Primer by Marc Ambinder I posted five days ago that bears repeating:
The total amount raise is perhaps the least interesting, least informative number of them all. Certainly, the following figures are more revealing:
(1) Total contributor base
(2) Average donation
(3) Total raised for primary
(4) Average expenditure rate per month
(5) Total burn rate
(6) Staff salary burn rate
We won’t be able to access the full reports until July 15, but here’s what I’ll be looking for:
(1) Who’s polling the most?
(2) How much has Rudy Giuliani’s campaign spent on staff and technology in Iowa, NH and SC?
(3) By how much has John McCain pared his campaign staff?
(4) Which major campaign consultants don’t receive salaries?
(5) How much have the campaigns spent on microtargeting technology?
(6) Which vendors are getting rich.. and how closely connected are they to major donors?
(7) How many Dems maxed out to both HRC and Obama?
(8) What percentage of Edwards’s haul comes from the trial bar?
(9) Have celebrities shifted their giving patterns?
(10) What’s the $400 haircut gem of this cycle?
(11) How much has Mitt Romney spent on television ads?
July 3rd, 2007 at 3:57 pm
He is building up for a major Feb 5 and FL ad war, that is for sure.
July 3rd, 2007 at 3:59 pm
Hey all, checking in here from the hospital room where my wife’s illness and the welfare of our unborn baby boy is taking precedence over political matters. She’s taking a nap right now, though, so I thought I’d log in to see what was going on.
Here’s my take:
Primary Cash Raised
Rudy – $15m
Romney – $14m
Primary Cash on Hand
Rudy – $15m
Romney – $12m
Yes, it is a decrease for Romney, but so what? His campaign predicted it would be a long time ago, and they planned half as many fundraising events as Giuliani in the 2Q. Half as many fund-raisers for basically the same amount of cash seems pretty dang good to me.
And I am sick and tired of hearing about how Romney’s numbers are “artificially inflated” in IA and NH because he’s the only one running ads there. He HAD to run ads there to get his name ID up around the 90-95% level that McCain and Giuliani were ALREADY at. So it’s not artificially inflated numbers for Romney… after his millions into IA and NH, it’s a LEVEL PLAYING FIELD now in those two states. And on a level playing field, Romney is winning. Across the nation, 60-70% of Americans still don’t know enough about Mitt Romney to form an opinion.
But, if you Rudy supporters need something to hold to as you watch Romney have a not-so-great-week and still maintain and build on his leads in IA and NH, be my guest.
Now, I’m going to go take care of my wife, who just woke up from her nap.
July 3rd, 2007 at 4:08 pm
Pollster.com’s statistical averages shows Romney with a 10 point lead in New Hampshire and a 9 point lead in Iowa. Even after those ridiculous dog stories that got so much play. Even after one of his staffers was investigated for impersonating a police officer.
Romney’s solid in those two states.
July 3rd, 2007 at 4:10 pm
hi murphy I think the advantage of Rudy’s position is that even though it is only 1M higher, 6M of Romneys money came from his own pocket, and yes, i agree that calling anyones supporters silly names is immature. So is people saying that rusy supporters are annoying.
July 3rd, 2007 at 4:10 pm
not a knock out blow for anyone
winner:Rudy, Fred
mild Loser:Mitt
Loser:John
John was down & stays down, Rudy was leading Mitt except in early states, and still is.
If Mitt drops in early states, then yes, he goes down a notch, but that hasn’t happened just yet.
Fred is winning by showing up.
John’s $2m cash on hand is what makes him lose.
July 3rd, 2007 at 4:11 pm
oops rudy
July 3rd, 2007 at 4:11 pm
A couple of points about the fundraising. First of all, how many of you got appeals from Rudy’s campaign? I get them from Mitt and McCain, but not from Rudy. Rudy raised that money without any help from the MSM-as a matter of fact, they never mention his name. The same is true of Romney,btw, in Chicagoland. Rudy did well.
The second point is that despite the huge amounts of money that Romney has spent, his efforts are not showing up in the polls. Unless, of course, the polls are not accurate. Does anyone know what Romney’s internals are showing? Polls, especially this far out, are highly suspect. Is someone paying Rasmussen for those polls? We never see the questions or where the poll was taken or anything about them. Do you all really believe the CBS, CNN or MSNBC polls? It just seems to me that it would be easy to sway a race by making people believe that someone is a loser when in reality they are doing fine for this stage of the game. Honestly, you can make numbers say whatever you want them to say by the wording of a question.
July 3rd, 2007 at 4:12 pm
MattC I’m sorry to hear your wife’s ill. She’ll be in our prayers.
July 3rd, 2007 at 4:27 pm
Pisces11, Mitt has focused his money on IA and NH. The results have shown up in the polls there.
July 3rd, 2007 at 4:30 pm
Mattc,
Sorry to here about your wife, my prayers will be with her.
July 3rd, 2007 at 4:41 pm
Who’re the winners besides Rudy? The “little guys.” Of the “Big 3,” Giuliani is the only one to improve over his 1st quarter. But as McCain and Romney have done worse this quarter than in Q1, Brownback and Huckabee (and others?) have improved over their first quarters. Anyone think the trend will continue? Will McCain and Romney keep sinking, while the other candidates start improving?
July 3rd, 2007 at 4:48 pm
Aron (#75), I’d love to see those numbers you’re talking about. Will you be doing a piece on that following the July 15 deadline?
MattC, best wishes for your wife and child.
July 3rd, 2007 at 4:49 pm
MattC.,
I’ve been there before. Hang in there
July 3rd, 2007 at 4:57 pm
Remeber this though:
Romney- 20 fundraisers in June
Rudy- 60 fundraisers in June
Difference? One million dollars. That means with those extra fundraisers Rudy averaged $25,000. Not to mention a drop to second in National polls and drop to 2nd and third in Iowa and N.H. and stunning loss at Ames. Did he really need that 1 million that bad?
I don’t know about you guys, but I’ll take Romney’s numbers with those results over Rudy’s. Q2 will be forgotten soon enough, but Romney winning running Rudy and John out of Ames and an RCP lead of 8.3 points in Iowa is well worth lower Q2 numbers.
It’s a real kick to see you guys talk like Romney has no idea how to spend his dollars. Keep talking that way, We’ll be laughing all the way to the generals.
July 3rd, 2007 at 5:12 pm
MattC, I hope your wife is doing better soon. Best of wishes.
July 3rd, 2007 at 5:15 pm
Jason,
2nd in nationals?
sorry, but Rudy’s 1st.
July 3rd, 2007 at 5:15 pm
MattC, my prayers.
July 3rd, 2007 at 5:16 pm
David B-Romney dropped in fundraising by 50% this quarter?
How do you figure that when he went from $21 million in 1Q to $14 million 2Q? Isnt that 33%? When have the facts stood in the way of you making a point though right?
July 3rd, 2007 at 5:16 pm
Here is a big question I have (hopefully someone can answer it).
Romney had 50,000 MORE individual donors this cycle. This is a good increase and shows more support coming in from across the county. Yes he has less, but isn’t more people donating a sign that he is making ground?
Second, I know the release says Rudy “doubled” the amount of donors, but what is the total # of donors?
If Romney gained 50,000 donors to get 80,000 that meant he has now gotten 130,000 individual donors in both Q1 and Q2. How many individual donors does Rudy have in this quarter alone and in both quarters combined?
I find it funny that so many have criticzied Romney’s numbers ($$$) has not being deep – now they numbers show some depth and no one can give the campaign credit.
July 3rd, 2007 at 5:17 pm
Husky–
asked and answered. you are right.
July 3rd, 2007 at 5:21 pm
Sorry…I meant that Romney now has 110,000 donors total. Math is a tough subject for me.
July 3rd, 2007 at 5:21 pm
According to the Knowledge of All Things Romney, Hugh Hewitt, Romney only added 50,000 in total, compared to Rudy’s 56,000.
“Mitt added 50,000 donors. Rudy more than 56,000.”
http://www.townhall.com/blog/g/4995c258-adc4-4451-99e2-e4dac666cdd0
July 3rd, 2007 at 5:22 pm
Husky,
DavidB later corrected himself in this post.
July 3rd, 2007 at 5:25 pm
So Rudy had 6,000 more donors than Mitt this quarter. How many total for both quarters does that give Rudy?
July 3rd, 2007 at 5:34 pm
I agree with others. This is disastrous news not for Romney, or even McCain, but for the Republican Party more generally. Obama alone nearly out-raised all 3 of our candidates combined. Obama and Hillary raised more then every Republican combined. And the second tier Dems are raising perfectly respectable sums as well. The David B’s of the world will chide Romney for his wealth, but if we’re entering November 08′ with anything even approaching that fundraising disparity, Romney’s 250 million is going to look mighty appealing. As it is, I’m convinced that someone who turns off as many traditional Republican fundraising spigots as Rudy does, I very much doubt we’d be able to come up with 2/3’s of the money of the Dem challenger were he our nominee. And I’m becoming more convinced that Fred Thompson might be the only candidate capable of saving the GOP from total disaster. Which is a real shame, because I don’t think he has anything approaching the type of aptitude and qualities necessary to lead the country in this time of great peril.
July 3rd, 2007 at 5:38 pm
“you know Iowans won’t take well to a self-funded candidate buying his way into a win.” — David B
Yea David, Im sure that Iowans will take better to someone who skipped out on their biggest fundraiser in 4 years. Im sure they would forgive someone who blew off Ames, there kingpin event, for some loser like Mitt who competed with his own money to remain competitive.
July 3rd, 2007 at 5:44 pm
Like Jason said, who am I to tell Mitt how to raise and burn his money. Clearly he isnt a rockstar like NYC mayor and DA (on TV), and he has spent his money to get his name out there. He had to to level the playing field. Look, if you think winning 2Q money race, or a debate will give you a bounce, just imagine what winning IA will do. Only political nerds like us will care about this stuff, but IA coverage will be huge. And while Im not saying Mitt has sown it up, Ames, a groudgame, advertising, etc is how thats one. Rudy can sit at home and not put money into a groundgame or ads, but I wouldnt bet that a late flurry is going to get him there when it counts.
July 3rd, 2007 at 5:45 pm
They said Obama is getting a lot of young donors who typically give money to causes over the internet. They are also get Hollywood money and Soros money, etc, etc. Whoever said that one of the problems with the donations is the large field of Republicans is probably right. I’m hearing from some of my Fredhead friends that they don’t think Fred has a chance if he wins the primary. He comes off terrible. Look how he’s non campaigning. He will never beat Hillary.
July 3rd, 2007 at 5:49 pm
David B, please continue to pour your own funds into Intrade against Mitt and for Fred and Rudy. When you lose your money, it makes for fewer donations you can make to your bigotted anti mormon causes.
And to a previous comment, the Mormon well hasnt gone dry just yet. I gave $50 in 1Q, and $25 in 2Q, while my family has given little or none at all. I know of many friends who like Mitt and havent given yet. There are still plenty of us mormons, and Mitt supporting non Mormons alike who will give and turn the tide. This isnt over.
July 3rd, 2007 at 5:53 pm
I think the whole money difference is overrated. Romney outdid Rudy first quarter, and second quarter Rudy wins. So what! Oh well, Romney supportes had something to be happy about, and this time Rudy fans have something to be happy about.
July 3rd, 2007 at 7:22 pm
“I’m hearing from some of my Fredhead friends that they don’t think Fred has a chance if he wins the primary. He comes off terrible. Look how he’s non campaigning. He will never beat Hillary.”
If you have Fredhead friends that say that, then they’re not true Fredheads. Speaking as a Fredhead myself, that’s not the way they talk at all. They might lean towards Fred, but that ain’t Fredheads.
July 3rd, 2007 at 7:37 pm
Interesting results, Rudy’s hard out focus on fundraising for Q2 has paid off, with a slight advantage over Romney (on primary funds).
It is funny though that everyones opinions change depending on the facts:
Q1
Rudy supporters said money doesn’t mean anything, Romney is just trying to buy the nomination.
Romney supporters said Mitt’s fundraising showed his popularity, and the polls would follow.
Q2
Rudy supporters say that the money shows the Mayor is going to win, Romney has flopped.
Romney supporters say money doesn’t mean anything, and anyway Mitt is goign to win Q3.
So, can we agree that:
- money is an important component (but not everything).
- Romney had a poor quarter, but it hardly signals the end of his campaign.
- Rudy didn’t have a great quarter either (given his enormous emphaisis on fundraising) but won the Q2 numbers game by a nose from Romney ($1m primary funds difference).
- McCain is in massive trouble.
- the race is still well and truly open, with Rudy & Romney both likely to have the funds to realistically win the nomination.
- the scary things about the numbers are that the Dems massively outraised the Repubs.
July 3rd, 2007 at 7:50 pm
When is the next debate?
July 3rd, 2007 at 9:06 pm
Jaype,
Good points all around.
I think Though money does show some popularity, Rudy had a good haul. But I am not so sure Mitt really focused on Money. I tend to think Romney figures there is money no matter what, so 1 quarter of sluffing isn’t a big deal. His burn rate is what is, because he knows there literally is unlimited amounts if he feels it’s worth it. But hey, I freely admit, that’s my spin.
July 3rd, 2007 at 9:26 pm
Jason, Jason, Jason (#89) You are an incredibly decent guy, but you just don’t get it, Rudy is at a much higher advantage than Romney.
In MY opinion, anyway.
July 3rd, 2007 at 9:27 pm
No. Romney NEEDED to be first in funds for 2 quarters, just like he NEEDS to win both IA and NH.
He had far fewer fundraisers because the money WASN’T THERE. The fundraisers are done, are you line up pledges first, and when you get enough, the candidate comes around. There weren’t enough people to have the fundraisers.
He has unlimited amounts of money? He said self-funding would be “akin to a nightmare.” Now he’s ALREADY self-funded SO much he’ll be referred to as the self-funded candidate. That’s a very, very hard thing to get voters to accept. Especially those in the upper Midwest, e.g., Iowa, who have very strong feelings against money and spending. And when you they hear the “akin to a nightmare” quote on top of it, it’s deadly.
July 3rd, 2007 at 9:37 pm
er, that should be “The way fundraisers are done, you line up pledges first…”
July 3rd, 2007 at 10:17 pm
DavidB,
As another poster pointed out correctly earlier, Iowans also have strong feelings about candidates who snub the Ames straw poll.
Maybe you should be worried that it took Rudy twice the number of fundraisers to edge out Mitt by only $1M in primary funds raised.
July 3rd, 2007 at 10:31 pm
David B, yes, the RomneyBots have been quiet because we know we could not say anything without being slammed by you. Please, may you answer some of my questions? Rudy was supposed to have twice as many fundraising events as Mitt in the month of June alone, 50 vs 25, but yet, he managed to raised only one more million than Mitt, after the fact that he raised 10 millions in March. Why is that? Are you aware that in the past that the loans to campaign have been waived. Considering Mitt’s loans to himself, are you claiming that it is something he could not use in his campaign? If not, then why does it matter what he has in his coffer? May you please suggest on how Mitt can overcome his biggest obstruction; he did not have the name ID that Rudy obtained for free from 9/11, and McCain with all of his actions in Senate? The sad fact, is that the only way you can raise your name ID is to spend money. So yes, Mitt is at disadvantage, when it comes up to race against Rudy. Finally, true, he spent much more than everyone has done and according to you, barely the number to show for it. But how can you explain the fact that his trend is still climbing? I am not proclaming that he has win the nomination. I recognize that he could go down at any time between now and first primary. I simply am asking you if his strategy is working, and how he should do it differently? And finally, what do you have to say about his claim that he has over 80,000 donors? And don’t forget we have those college interns who go around collecting donations and keep 10% for their comission. Do you think it will work by the end of the summer time?
July 3rd, 2007 at 11:21 pm
Im still not understanding how someone when the universal name ID who trumps Mitt by 3 to 4 times, depending on the poll, is able to trump little known Mitt Romney by only $1 million in 2Q primary funds.
Mitt is somewhere between 9%-13% nationally, and Rudy is 2-3 times that and they were almost identical in number of donors, and dollars donated? How come.
July 3rd, 2007 at 11:27 pm
David B- 1st, dont think that Mitt’s Mormon support is already tapped out. I would also state that both on this blog, and in polls, his support far exceeds just Mormon support. But consider this for a second.
If he is just supported by Mormons:
There are more than 6 million mormons and,
half we’ll say are not active and (3 million active),
2/3 we will say are under 18,
ONE MILLION WOULD BE ACTIVE MORMON ADULTS WHO ARE GENERALLY CONSERVATIVE. $25 from each this quarter would bring his “only Mormon” total to $25 million. Clearly this only represents a portion of his overall support. He will do fine in the months to come. But please, continue to use the rent money on Intrade for Rudy. It will make it more sweet when he loses.
July 3rd, 2007 at 11:37 pm
Rudy’s COH— supurb
Romney’s debt— I’d be a worried Romney supporter
McCain’s campaign— really sad, a NH victory is his only hope
July 3rd, 2007 at 11:51 pm
Kris, I dont have $500 million so I worry about my own debt. I worry about my credit cards, student loans, etc. I dont spend my time worrying how a former CEO of a multi billion dollar company is going to be affected by a $9 million dollar loan/advance to himself from his $500 million dollar net worth.
July 4th, 2007 at 12:02 am
Wow, the Rudy supporters are excited about this! Good for you guys, today is a victory for the Rudy camp because they exceeded expectations. The good news is that Rudy raised 17 million; the better news is that he has 18 million in the bank. The bad news is since part is general election funds he probably raised little more than in the first quarter for the primaries. The worse news, he doesn’t lead in Iowa, Nevada, or New Hampshire.
For Romney, the bad news is he didn’t raise as much as he did in the first quarter. He also appears to have raised less than Giuliani. Good news is that he does lead in Iowa and New Hampshire, and he’s a close second in Nevada. He also expanded his donor base significantly.
The most significant part of this is will Giuliani’s 18 million cash on hand be such a significant advantage over Romney’s 12 million cash on hand to redeem him from his poor performances in the earliest state primaries?
July 4th, 2007 at 1:11 am
It looks like 2 million in 2Q was general election for Rudy and 3 million of his cash on hand is general election money.
So in the primaries it’s
2Q Rudy 15 million, Romney 14 million
COH Rudy 15 million, Romney 12 million
So Rudy has been pretty consistent at 15 million per quarter, whereas Mitt was 20 million and is now 14 million. So you could believe that Mitt’s fundraising is crashing down or you could believe that with his expanded base and demonstrated fundraising ability from the first quarter, he will raise more in the future.
The COH difference seems to be of little consequence.
July 4th, 2007 at 1:20 am
SGS, regarding your questions:
“Rudy was supposed to have twice as many fundraising events as Mitt in the month of June alone, 50 vs 25, but yet, he managed to raised only one more million than Mitt, after the fact that he raised 10 millions in March. Why is that?”
The first money raised by each candidate is the easiest. Just like Romney’s 6.5M event in January (now totally offset by a new $6.5M debt). Rudy raises most of his money at fundraisers, thus attending more events. Romney raises a lot more online. Probably dutiful Mormons.
“Are you aware that in the past that the loans to campaign have been waived. Considering Mitt’s loans to himself, are you claiming that it is something he could not use in his campaign? If not, then why does it matter what he has in his coffer?”
If Romney is an honest man, then calling his $9M “loans” means the campaign must repay them. If he does not repay them, he is not honest, AND he looks bad to voters for trying to buy his way the nomination out of his own pocket.
“May you please suggest on how Mitt can overcome his biggest obstruction; he did not have the name ID that Rudy obtained for free from 9/11, and McCain with all of his actions in Senate? The sad fact, is that the only way you can raise your name ID is to spend money. So yes, Mitt is at disadvantage, when it comes up to race against Rudy.”
Yes, he has to spend money. However, in the small, very political states like Iowa and New Hampshire, I can guarantee you almost all of the GOP caucus/primary voters know who Mitt Romney is. He’s spent $32 million this year (as much as Rudy raised, and Rudy has $18M of it in the bank), yet all he has to show for it are 7-8 point leads in those two tiny states–over half a year TOO EARLY. And a $9M debt, with about as much cash after that debt as John McCain. He’s overspent and mismanaged. How will he compete against Rudy and Fred when THEY run their ads, at the appropriate time, in winter? Only by self-funding. We’ll see how THAT goes over. Finally, I am very happy to see you admit Romney has a disadvantage to another candidate in one respect. It seems very hard for Romney supporters to make such objective statements!
“Finally, true, he spent much more than everyone has done and according to you, barely the number to show for it. But how can you explain the fact that his trend is still climbing?”
Mostly answered above. About trends/momentum, which you Romney folks used to tout so strongly, he just lost 1/3 of his support this quarter! And the real trend to watch is how he continues to poll after his self-funding is evident to the voters. (And, later, when his opponents gear up their campaigns.)
“I am not proclaming that he has win the nomination. I recognize that he could go down at any time between now and first primary.”
Once again I commend you for the objectivity most Romney supporters are not capable of!
“I simply am asking you if his strategy is working, and how he should do it differently?”
I think he did a great job with the cards he was dealt. (Objectivity on my part!) Differently? I would have spent less on the ads. I would have not made the second loan, or make it similarly sized to the first one.
“And finally, what do you have to say about his claim that he has over 80,000 donors? And don’t forget we have those college interns who go around collecting donations and keep 10% for their comission. Do you think it will work by the end of the summer time?”
I think the interns help explain the high number. I think the Mormon network does, too. No, I don’t think it will work. The wind just left his sails with a 1/3 reduction.
July 4th, 2007 at 1:23 am
bjalder, the $12M cash on hand for Romney is a phony, meaningless number. It is arbitrary because Romney chose it to be whatever he wanted it to be, by sizing his self-loan correspondingly.
The real number for Romney is one of 2 things:
$12M COH – $9M debt = $3M COH
OR
Approx $250M net worth = COH
Either way it’s a problem.
July 4th, 2007 at 1:24 am
Husky, your Mormon math supports my overall thesis: Mormons could provide all the funding Romney needed all by themselves.
And I’m not spending rent money on Intrade. I own a successful business.
July 4th, 2007 at 4:37 am
COH is only important as an indicator of your ability to keep campaigning though. So it’s clear he won’t have any problem there especially since he’s focused on expanding his base. As more debates come along, and as he gains name recognition I would expect him to further expand his base. Giuliani on the other hand is a household name, yet 15 million seems to be about as much as he can raise in a quarter. So it’s not like he’s going to be able to bury Romney with spending. So I think the question is if Giuliani is going to be able to overcome the lead Romney has in the early states. I figure that to win, he will either have to beat Romney in Iowa, or beat Romney in New Hampshire after Romney gains momentum from an Iowa win, or he will have to win South Carolina and Florida with Romney having a bunch of momentum from earlier wins.
July 4th, 2007 at 10:51 am
bjalder22: Fine. But you dropped the issue.
You’re granting this COH is effectively $250 million and he will just self-fund.
That’s going to go over very badly with the voters.
July 4th, 2007 at 10:32 pm
David B, thank you for taking time to answer my questions. I appreciate it! And keep it up with your softer tone recently. Appreciate it, too — really! Thank you.
July 5th, 2007 at 4:34 pm
to MattC even though we have different styles and temperemnts (sp) and political views… I wish you all the best and a full, speedy healthy recovery for your wife and that you both have a healthy, happy baby boy.