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Mitt Romney Fundraising Update

There have been some positive whisperings coming out of the Mitt Romney camp that the fundraising has been going very well. Mitt Romney will very likely come in with the highest number in the first quarter reporting with at least $30 million dollars. Some estimate he will post figures closer to $40 million which will put him on even ground with the the top fundraiser of all candidates in the running, with Hillary Clinton expected to report close to $40 million. Of the GOP candidates I expect that Rudy Giuliani will come in second in fundraising at around the $25 to $30 million mark. Senator John McCain is expected to come in third with $20 to 25 million.

Here’s an interesting quote regarding Hillary Clinton’s fundraising. Bill Clinton emphasizes the need to report a big number early on.

In a message to supporters last week, Bill Clinton stressed the importance of posting high fundraising totals in the first quarter.

“The (financial) report her campaign files will set the tone for the rest of the year, and it is absolutely critical to her success,” he wrote, just days after he headlined a $2.7 million Washington fundraiser for her. –Fundraising Race Heats As Deadline Looms, March 26, 2007

Senator John McCain is trying to lower expectations and soften the blow of the fundraising defeat by issuing statements to supporters and the press.

Among Republicans, the picture is less predictable. McCain, the early front-runner, has indicated in recent days that his fundraising totals are falling short of his goals.

“I haven’t done a good enough job,” he said at a news conference Monday in Dallas. “We’re ramping it up on the fundraising.”

In New Hampshire Saturday, he said he would “pay a price for it because we got off to a late start.” In the midst of a campaign tour, he said: “I enjoy this kind of politics more than I enjoy raising money.”

While McCain entered the race as the favorite, he has fallen behind former New York City Mayor Rudy Giuliani in national polls. Weak fundraising would further hurt his image, even though he remains the most popular Republican in New Hampshire, site of the first presidential primary. –Fundraising Race Heats As Deadline Looms, March 26, 2007

It’s part of the McCain camp that is suggesting that Romney will hit close to the $40 million mark. The MyManMitt website seems to suggest that the McCain campaign is setting unrealistic expectations for Mitt Romney so that when actual figures come out it will be a negative blow to Romney supporters. See the article “The $40 Million Question: Expectations Set Up“, March 26, 2007. The article tries to run numbers and determines that it’s not going to be any where near $40 million. But the calculations don’t seem to take into account Mitt Romney’s online fundraising and any phone work.

Make no mistake, John McCain is no frontrunner. He is the underdog. Mayor Rudy Giuliani is enjoying a tremendous and well-earned surge is popularity because of the courageous way he guided Americans through those terrible days in September of 2001. Former Massachusetts Gov. Mitt Romney has stumbled, but sources tell me he will have raised upwards of a whopping $40 million by March 31st. Several other candidates are making attractive appeals to voters. And some potential candidates are still thinking about getting into the mix. The race is wide open. –Huge Turnouts in NH, IA Showcase Strength of McCain Campaign, March 18, 2007

One Response to “Mitt Romney Fundraising Update”

  1. [...] Although I grossly overestimated the totals, I successfully predicted a fundraising victory for Mitt Romney including the placement of Rudy Giuliani, second, and Senator John McCain, third. March 28 post Mitt Romney Fundraising Update. [...]

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