Romney put in $42 million of his own fortune
Before withdrawing from the presidential sweepstakes, Mitt Romney put in at least $42.3 million of his own money.
His campaign reported to the Federal Election Commission this evening that he loaned his campaign another $6.95 million during January to reach that total.
The former Massachusetts governor's total self-financing puts him past Steve Forbes, the wealthy publisher who spent $38 million on his run for the GOP nomination in 1996, but shy of the $63.5 million that H. Ross Perot spent on his 1992 third-party campaign.
The total loan also equates to about $167,000 for each of the 253 delegates he won before suspending his campaign. By suspending his bid, Romney can keep raising money to possibly pay himself back.
Romney also reported raising $9.7 million last month, bringing his campaign total to $63.6 million. He reported spending another $10.4 million in January, increasing the campaign total to $97 million.
How these people think they can possibly relate to the average working person while spending that kind of money on a campaign just goes to show how dilusional they really are. I guess he just didn't have enough money to buy all the delegates he needed.
This "loan" is something that most politicians do on the state as well as the federal level.
It's a joke! The press makes it sound like they are really spending their own money.
Now that's sound business management.
Oh yeah -- we definitely wanted this guy running our country.
What a waste. We need to put a lid on it and stop the wastful spending for this privlidge. You too Mrs Clinton!
Thank goodness you can't pay your way to the top. As a human services worker in the state of Massachusetts, I watched his administration slash the budgets of the people that the Commonwealth were beholden to serve. What he just flushed down the drain of his ambitions, could have been put to better use for decent housing and employment opportunities for the disabled.
Throughout the campaign, Romney has placed a large portion of his donated funds into his GENERAL election fund. That is part of the reason for the hig primary donations - donated money wa being socked away. He still RAISED more than any other GOP candidate. Do you have a breakdown of GENERAL monies available?
I could only imagine how many people in MA could afford the required health insurance that Romney required if he'd subsidized it with his own money instead of subsidizing his egotistical and misguided attempt at the presidency. Jerk.Kim
I'm watching Bob Bennett who was Counselor to the Senate's Ethics Commission that investigated Sen. McCain for 1 1/2 years over the "Keating 5" . He stated to the Senate that Sen. McCain was an honest man. Bob Bennett became McCain's Atty. in Dec. when similar 'dirty politics' occured.
Bennett is a registered Democrat and doesn't agree with all of McCain's political positions. Apparently, the NY Times article can't be substantiated and is full of innuendo with no facts to support them. "The New Republic" a far left publication was going to break the story in Dec. but for some reason didn't. Now the "Grey Lady" has picked it up and as Bennet described it, "...a hit and smear campaign." The supposed story itself is 20 yearsold! "Grey Lady Down"
So the fact that he is a hard working man and is successful actually disqualifies him from the presidency?
I guess we need a failure as our president....
Wise up, and stop reading the Communist err... Boston Globe.
I can't believe that anyone would be mad at Mit for spending his own money to let people know who he is and what he stands for. Where is the evil in this? The other candidates are asking you to put up your money so they can get their message out. And don't forget that he also had people donate.
I think that you whiners need to dig a little deeper for something to complain about. whether you agree with his politics or not you should be able to see that he is a decent person who is participating in the political process, not for his personal gain, but for things he believes in. How is that any different than any other candidate.
Well, if we are going to get all pissy at Romney about how much of his own money he spent, how about the fair and balanced Boston Globe do a story on how much each candidate has spent to date. Betcha Hillary has spent more money than all of the Republican candidates combined. Same with Obama.
At least it was his own hard earned cash that he spent.
Type your comment here...to me thats a decent man at least he payed his own way without owing favors to poliical cronies more than you can say for most candiates.the man worked hard for his money more power to him.the people lost a honorable man and as a mormon lived a better life than the phoney huckabees of the world.people are just jealous they didn't have the ambition or smarts to have wealth.thats what this country is about instead of people just looking for free handouts.
A fool and his money... can you imagine the earful he got from his wife?
"You spent $42 million dollars of our money on WHAT?" Ha ha ha
Clinton has a 1.26% interest on the money she loaned herself.
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http://query.nictusa.com/cgi-bin/dcdev/forms/C00431569/324192/sc/12
How much did John Edwards spend of his money.
Of course I wouldn't see that in this newpaper!
typical arrogant mormon and a complet fool to boot. the system is broke...
Read Freakonomics. The guy uses economic analyses to break down the relationship between money spent campaigning and eventual success and comes to the conclusion that in actuality... the biggest spender is not really more likely to win elections.
And to think he could've pledged some of that money to those desperate auto workers in Michigan who he promised that he would restore their jobs....You have millions Mitt - what will you do to help those poor folks in your "home state" - or was that just campaign rhetoric?
Romney should use some more of his money to issue refunds to the individuals who contributed money to his campaign. Romney promised both voters and contributors/supporters that he was their alternative to the liberal democrat John McCain. These people paid their hard earned money to prevent McCain and other liberal democrats from granting amnesty to the 20 million illegal aliens infesting the country. By endorsing McCain, Romney has surrendered to the Mexican invasion just like he surrendered to Margaret Marshall's gay marriage agenda when he was governor.
Sherman: He does have "sound business management". He outraised the other Republican candidates and went from unknown to second place, beating out extremely popular candidates. Acquaintances of mine at work (California) did not know who he was (compare this to John McCain who has been well known for 8 years now). His campaign was very successful, in fact extremely successful, given his name was unknown to most americans during the primary season.
Kathleen: Spending his own money was not "flushed down the drain" for his own ambitions. He ran for election because he had talents and skills that he could offer the country. He wanted to improve America.
He'll just buy and downsize/liquidate a couple of floundering companies and be back on Easy Street with Bain Capital in no time at all. The rich get richer.
MItt Romney spent his money on something he believed in. And in the process, put 42 million back into the economy to hire people and companies to run his campaign. Sounds like an nice alturistic way to redistribute wealth.
I like Mitt and think he would have made a fine president because he has two essential qualities for real leadership.....goodness and greatness.
Romney deserves respect for his willingness to sacrifice time and money for the good of our country. He is a decent and honorable man, and a good father and husband. He has excelled in business making a fortune of $350 million for himself and his family. You do not do this by being a manager, you do it by being a leader. Since his sucess in business he has wanted to give back to his country. He turned around the state of Massachusetts, and the Olympics that were approaching bankruptcy.
Mitt has financed this $43.5 million dollars, and was willing to run a president for no cost. He understands this country is in deep trouble. He was the one canidate with business experience that could turn around our county. He deserves our
admiration and respect for his willingness to give so much. When others have lived off of free media. Mitt has has to buy his media to get his message that "Washington is Broken" to the american people.
Our country is in serious trouble. Mitt Romney had the right message for our country; build strong families, strengthen our military, and our economy.
Hopefuly americans, and especially the media, will get over there religious bigotry towards this man, and accept his willingness to sacrifice of so much of his time and money for the good of this country.
Romney deserves absolutely no respect.
Romney tried to buy an election. That is one step short of communism with all the dirty deeds he bought.
What it hurt was the honest candidate he tried to eliminate. Mike Huckabee
It propelled Mccain to a high delegate count because Romney was trying to steel Huckabee's conservative votes.
It is not too late. VOTE HUCKABEE
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