Romney Sees Sharp Decline in Donations From 2 States

[struggle4progress]

By RUSS BUETTNER and DAVID D. KIRKPATRICK
Published: July 14, 2007

~snip~ In Massachusetts, where Mr. Romney was governor for four years, donations fell 69 percent, dropping to $728,742 from $2.3 million in the previous reporting period. In Utah, where he was chief executive of the 2002 Winter Olympics in Salt Lake City, his collections were off by 58 percent, decreasing to $1.2 million from $2.8 million, according to figures released yesterday.

The drops in those states would seem to suggest that Mr. Romney has tapped out the network of rich Mormons and wealthy financiers that drove him to lead other Republican candidates in the first reporting cycle, which ended in March. Contributions from employees of his former companies, Bain Consulting and Bain Capital, fell to $35,450 from more than $140,000. ~snip~

Mr. Romney saw his contributions drop by a third in the second quarter, to $14 million from $20.5 million.

Mr. Romney’s campaign reported that it spent about $20 million, 98 percent of its money, in the second quarter, almost exactly as much as it collected. That spending level was roughly $9 million more than the campaign of former Mayor Rudolph W. Giuliani. To keep the campaign in the black, Mr. Romney, a multimillionaire former private equity executive, lent his campaign an additional $6.5 million this period, for a total so far of $8.9 million lent to his campaign. ~snip~

http://www.nytimes.com/2007/07/14/us/politics/14donate.html

[KC for Obama]

1. Pumping in his own money

He's had to use his own money by making loans to his own campaign hasn't he?