Romney raised $24 million in fourth quarter of 2011

WASHINGTON Wed Jan 11, 2012 5:34pm EST

Republican presidential candidate and former Massachusetts Governor Mitt Romney addresses supporters as his wife Ann and their sons look on at his New Hampshire primary night rally in Manchester, New Hampshire, January 10, 2012. REUTERS/Larry Rubenstein

Republican presidential candidate and former Massachusetts Governor Mitt Romney addresses supporters as his wife Ann and their sons look on at his New Hampshire primary night rally in Manchester, New Hampshire, January 10, 2012.

Credit: Reuters/Larry Rubenstein

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WASHINGTON (Reuters) - Mitt Romney's presidential campaign said on Wednesday it raised $24 million in the fourth quarter of 2011, leaping up from $14 million in the third quarter, as he cemented his status as the front-runner in the race for the Republican nomination.

The campaign has raised more than $56 million so far in the primary election season and has $19 million in cash on hand.

The strong fundraising means Romney has a substantial warchest as he strives for a third consecutive victory in the state-by-state race for the Republican nomination to oppose President Barack Obama, a Democrat, in the general election in November.

It was more good news for the former Massachusetts governor, a day after he took a giant step toward the nomination by winning New Hampshire's primary with 39 percent of the vote, far ahead of any of his rivals.

Romney had narrowly won Iowa's caucuses, the first contest of the nomination race, a week earlier.

The campaign said it had raised no money for the general election during that period.

"Mitt Romney's growing financial support is representative of the growing momentum for our campaign," his finance chairman Spencer Zwick said in a statement. "In order to defeat President Obama in November, we will need this continued strong showing of support."

Obama will have considerable resources in that fight, whether Romney wins the Republican nomination or not. The president's campaign expects to raise at least the $750 million it had in 2008 but plays down suggestions it is aiming for a $1 billion warchest.

The Romney campaign said it received contributions from all 50 U.S. states and Washington, D.C. Romney, a multi-millionaire, did not make a personal loan or contribution to his own campaign.

(Reporting by Patricia Zengerle and Jeff Mason; Editing by John O'Callaghan)

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Comments (11)
Dalton wrote:
Mitt “corporations are people, my friend” Romney is a dishonest serial flip-flopper. His campaign is a fountain of dubious information and false information. I do not believe the American people will be fooled by Romney. He is the candidate of the powerful, the privilaged and the moneyed. We don’t need more tax cuts for the rich 1% and the corporations, which through stock qwnership are about 60% owned by the one percent. The corporations and the 1% are already holding literally trillions of dollars of the financial wealth of the nation. Romney’s tax plan is to give the wealthy even more of the nations wealth with a suppy-side trickle-down voodoo economics tax code. We have been on the trickle-down ecomomy since the Reagan years and it is one of the main reasons the U.S. has some of the greatest income ineqality and greatest wealth inequality in the entire developed world.

Jan 10, 2012 11:47pm EST  --  Report as abuse
txfast11 wrote:
Romneycare=Obamacare, except Romney thinks its a great idea for citizens in a state, but for the other 49 states, its a disaster. Romney may have had some success in the business world, but the business world and political world are not the same. Under Romney, Massachusetts came in 47th in job creation.

As a former supporter of the Republican party, I just can’t stand to watch these numb nuts the GOP establishment forces on America. They have yet to take ANY responsibility for the destruction they caused under George Bush and 6 years of a Republican led Congress. The Republicans regularly whine about the GM bailout, yet that was $40billion, and they don’t want to talk about TARP which was a bailout for the banks that got us into this mess to begin with, and ran well over half a $trillion$.

Romney is just another puppet. If you want a conservative, there is only one candidate who actually has a conservative record. Check the records and you will see who is a conservative and always sides with small government solutions, and you will see who the puppets are who scream for small government, but behind closed doors and under the table they are no different than the big spending liberals they rail against.

Jan 10, 2012 11:54pm EST  --  Report as abuse
sfcanative wrote:
Wall Street Willard. As in Willard Mitt Romney. That’s all I’m saying . . .

Jan 11, 2012 12:12am EST  --  Report as abuse
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