Romney scrambles to raise cash for Santorum battle

SAN DIEGO Mon Mar 26, 2012 7:24pm EDT

U.S. Republican presidential candidate Mitt Romney addresses employees at the medical company NuVasive during a campaign stop in San Diego, California March 26, 2012. REUTERS/Mike Blake

U.S. Republican presidential candidate Mitt Romney addresses employees at the medical company NuVasive during a campaign stop in San Diego, California March 26, 2012.

Credit: Reuters/Mike Blake

Related Topics

SAN DIEGO (Reuters) - Mitt Romney scrambled on Monday to raise campaign cash to help him fend off the lingering challenge from rival Rick Santorum for the Republican presidential nomination, and he acknowledged that the battle could extend into June.

The Republicans' extended race to find a challenger to President Barack Obama is sucking up more time and donors' money than expected, possibly weakening the eventual nominee at the November 6 general election.

Romney opened a two-day California blitz to raise money at five events, attending fundraisers in San Diego and the San Francisco area on Monday and then Stockton, Irvine and Los Angeles on Tuesday. He heads to Texas later in the week to raise funds.

Despite concreting his role as front-runner in recent weeks, Romney is still spending time raising primary campaign money for his battle against Santorum, Newt Gingrich and Ron Paul instead of focusing on funds for a general election contest against Obama.

Speaking to supporters in San Diego, Romney suggested he could still be battling for the nomination by the time California's primary rolls around on June 5.

"So I come to you a little before the California primary - not until June - but I need you guys to get ready, to organize your effort, to get your friends to vote, to collect some money from campaign contributions. We've got a ways to go," he said.

Romney's efforts to raise money for the prolonged primary race is one of the downsides to the lengthy nominating battle, said David Yepsen, director of the Paul Simon Public Policy Institute at the Southern Illinois University.

"Instead of focusing on Obama, he's having to spend time doing this. The upside is it does help him build a donor base for the general election and while many in the political community - media and operatives - don't like the long race, voters in these later states enjoy it," he said.

"Romney's got to hope his work in these states is helping him build organization, momentum and interest for November."

The bitter battle between Romney and Santorum has been particularly costly, as the former Massachusetts governor spends heavily on attack ads against his rival.

EXPENSIVE MONTH FOR ROMNEY

Romney and his backers spent money more quickly in February than they took in, ending last month with less than half the cash they had at the end of the year and trailing far behind Obama's war chest.

Romney's campaign raised $11.5 million in February, according to financial disclosure forms filed last week, but spent $12.2 million.

Restore Our Future, the outside "Super PAC" supporting Romney, took in $6.4 million but also spent $12.2 million, much of it on advertisements attacking his rivals.

The California money-raising events included some of the big names of the Republican Party in the state, such as former eBay Chief Executive Officer Meg Whitman, who lost the 2010 governor's race to Democrat Jerry Brown.

Norm Ornstein, a political expert at the American Enterprise Institute, said Romney may be finding it difficult to raise money from small donations.

"The interesting question for me is I don't see Romney building a base of small donors. I see him having to rely very heavily on the Super PACs," Ornstein said.

Romney's campaign has so far raised $7.5 million from donors who have given less than $200. That amount accounts for only 10 percent of his fundraising, a portion that has roughly remained the same throughout the campaign.

Santorum, a former Pennsylvania senator, has relied on small donors for about 52 percent of his funds, so far receiving $8.1 million from them.

Romney used his San Diego speech at NuVasive, a company that produces devices for spinal surgery, to attack the healthcare overhaul that Obama steered through the U.S. Congress and which is now subject to a Supreme Court case on its constitutionality.

The healthcare law, said Romney, will increase regulation and costs on companies like NuVasive, forcing them to pay more in taxes and hire fewer workers as a result.

"The taxation burden and the regulatory burden that the president's people have put in place has slowed down the recovery, and made this most tepid recovery from a recession that we've seen since (1930s President Herbert) Hoover," said Romney.

Romney has vowed to repeal the Obama healthcare law if elected and has defended himself against Santorum attacks that the overhaul he developed for Massachusetts is little different from the Obama plan.

(Additional reporting by Alina Selyukh and Patricia Zengerle in Washington. Editing by Alistair Bell; Desking by Lisa Shumaker)

FILED UNDER:
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (3)
NobleKin wrote:
Tax no one

Regulate no one

Smoke wherever you want, but not whatever you want

Dirty coal energy plants are fine

Seatbelts and airbags are no longer required

Lead is going back in paint and gasoline

There are no more safety regulations for workplace environments

You must work each day for as long as your employer tells you to under whatever conditions your employer tells you to…and if you don’t like it, get another job

There is no minimum wage standard

There are no benefit standards

Healthcare is only for those who can afford it, let everyone else die in the street, they have that right

If your air or water become so polluted you cannot live, then move, you have that right

If your child gets sick because of environmental pollutants, it is your fault for living there and your responsibility to pay for the damage caused

If a financial institution sells you a product based on a lie, it is your fault for buying it and your money is gone

If your commuter airplane falls from the sky, sorry, you should have been on a flight when maintenance standards were regulated

If your food/product supplier sell tainted meat or an item that has been proven to kill you…shop/buy somewhere/something else (if you are still alive) it is your fault for buying tainted meat or dangerous food products

If your medical device or pharmaceutical product damages you or kills you, too bad for you and your family, you should have done better research on the heavily marketed product before you put it into your body; it is your fault for buying whatever it was that caused harm

Men: Your wife and womenfolk will have limited power over their reproductive health

Women: You will need to do what your men (and the Bible) tells you to

You can’t sue anyone, and no one is liable; nothing is regulated except moral behavior and ‘illegal’ drugs

Corporations are ‘people’ who can vote and control elections with money, but you cannot sue them and you are powerless over their wealth and influence (which is why there are no regulations and no tort law against them)

If we go to war, we will spend as much as we want but ask no one to pay for it…and will up Defense spending 30% when we cut all social programs (Ryan plan)

Veterans will have to pay for their own healthcare…the VA is a social program…if you lost a limb or your sight, you are probably too damaged not employable and will likely die poor and damaged, but that is your right as an American

The poor will get far poorer, the middle class will evaporate, the rich will rule as an official Oligarchy

Welcome to the new Republican led America.

Mar 26, 2012 9:30pm EDT  --  Report as abuse
fromthecenter wrote:
@noblekin – where did you get a copy of the ‘real republican’ playbook?

Mar 26, 2012 10:55pm EDT  --  Report as abuse
DrGuy wrote:
It seems clear that Santorum is the best weapon Obama has to re-election. This much attention to who person who lost a re-election in his home state years ago!

Mar 27, 2012 4:47am EDT  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.