Romney campaign out of control (iii): Romney campaign US$9,000,000.00 in the red
As of this moment the under-performing yet spectacularly expensive Romney campaign is an unbelievable US$8,945,028 in debt according to the Federal Election Commission. Thank you to bluecalico of Digg.com.
In a similar vein:
“Romney, despite more than one year’s work, has failed to get beyond 10 percent in the national polls. His sole claim to fame is that his money has bought him a lead in Iowa and his geographic proximity has given him one in New Hampshire. These are formidable assets if they survive the start of paid media by his rivals. But the chances are that his lead will vanish as other candidates start spending money in these early states,” reports Dick Morris in a weblog entry titled NEWT GINGRICH’S TIME TO JUMP INTO THE PRESIDENTIAL RACE COULD COME THIS FALL.
We have harped on this string for weeks. Regard:
- Romney campaign out of control (ii): Romney pleads with Utah committee finance co-chair Lichfield to step down
- Romney campaign out of control: Romney finance co-chairman Fabian charged in 23 count indictment including charges of money laundering, mail fraud, perjury and obstruction of justice
- Romney spends millions; yet underfunded Huckabee easily overtakes Romney in key early primary states
- Romney failing in SC—we ask: given Romney’s massive spending, why?
- Romney equivocates anew; republican base largely unmoved despite massive spending
- Romney spends “like drunken sailor” even as he gets less return for his every campaign dollar, and even as his personal investment portfolio tanks
- Romney’s massive media expenditures less and less effective; more on Romney and the law of diminishing marginal returns on investment
Question: is this tragedy, or is it comedy? Should we feel sorry for Romney? Or: should we laugh at him?
What is the sum of all this, and where do these paths lead?