Team Romney, RNC announce raising nearly $77 million in May

Just hours after the Obama campaign announced that it, the Democratic National Committee, and other Obama-related committees had raked in $60 million in May, Team Romney said they one-upped them.

Their Romney campaign/Republican National Committee haul: $76.8 million. They also reported having a combined $107 million in the bank for all of their committees.

“We are encouraged by the financial support from a broad range of voters," Romney Victory National Finance Chairman Spencer Zwick said in a statement. "Voters are making an investment because they believe that it will benefit the country.”

But if the financial reports from April are any indication, much of that nearly $77 million is coming in the form of big five-figure checks from large donors.

Around this same time last month, the Romney camp and RNC reported raising a combined $40 million. But when we saw the actual Federal Election Committee filings, it was $11.7 million for the campaign, $11.4 million for the RNC, and the rest -- $17 million -- for the Romney Victory Fund.

The Romney Victory Fund -- which also includes coordination with the state GOPs of ID, MA, OK, and VT -- is the mechanism that allows donors to contribute up to $75,000 each. In mid-May, both Mitt Romney and his wife each contributed $75,000 to the Victory Fund.

There is also an Obama Victory Fund, which allows large donors to cut equally big checks. But when Team Obama announced raising $43.6 in April, the FEC filings later showed that the campaign raised $25.7 million, the DNC raised $14.3 million, although nearly half of that DNC money came from a transfer from the Obama Victory Fund.

(When Team Obama collects large checks, the first $5,000 go to the campaign, which is the individual maximum; $30,800 go to the DNC, which is the max; and the rest go to the other committees.)

We will not be able to get a campaign vs. campaign or party vs. party comparison on these numbers until June 20, when FEC reports for May are due.

 

 

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I cant wait for another Republican President. I like large scale Terrorism against my homeland. I love 2 failed wars. Seeing poor people getting washed away by a hurricane of diesel fuel and sewage is funny stuff.Oh yea and de-regulate the oil companies becasue the Gulf is too blue I like dark murky oil sludged water.Hopefully this Republican President can speak in full intelligent complete sentances. :D

    Reply#488 - Sun Jun 10, 2012 11:39 AM EDT

    I forgot about shooting 8 year olds in the middle east lol its the best, makes me feel like Luke Skywalker shooting wamprats in my T-56. :D

      #488.1 - Sun Jun 10, 2012 11:42 AM EDT

      Only a complete fool believes there will be one bit of change from either of these two party's. Most people simply fail to track the lobby money flow coming into the party's as well as the alliances they have. This is who runs the government. The party's are nothing more than marketing departments for the lobby's. If a party or candidate is sucking in ANY corporate or special interest group money they are OWNED by those people and put in office to do their bidding.

      If you track the endless stream of defense contractor money pouring into the Democratic party from 2007 through today it is insane to believe they are some kind of warm fuzzy anti war group? Give me a break. You can't take money from Lockheed Martin, General Electric etc then claim to be "anti war". It is a total conflict of interest nobody "should" believe.

      Any candidate advocating serious changes has been drummed out of the process.

        #488.2 - Sun Jun 10, 2012 12:59 PM EDT
        Reply

        THE BANKRUPTCY OF THE UNITED STATES OF AMERICA WAS CAUSED BY BUSH AND HIS WMD WARMONGERING LIARS !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

          Reply#489 - Tue Jun 12, 2012 6:17 AM EDT
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