Washington Times: “[Romney] clearly has spent tens of millions of dollars of his own money in Iowa and New Hampshire, but he steadfastly declines to say how much—The Romney campaign suffers from a glaring transparency deficiency, which it should address at once”

“In recent months Mitt Romney, whose personal fortune is estimated to be as much as a quarter of a billion dollars, blanketed the airwaves of Iowa and New Hampshire with dozens of campaign advertisements,” write the editors of the Washington Times in an article titled Romney and his money

[Romney] clearly has spent tens of millions of dollars of his own money in Iowa and New Hampshire, but he steadfastly declines to say how much. The Romney campaign suffers from a glaring transparency deficiency, which it should address at once.

Mr. Romney has every right to bankroll his presidential campaign with his own money. No argument here. But why has he refused to tell voters how much of his personal fortune he has funneled to his campaign since the end of the third quarter?

On Jan. 4, the day after Mike Huckabee defeated Mr. Romney in Iowa, this newspaper asked the Romney campaign to say how much Mr. Romney had personally contributed since Sept. 30. During the first nine months of last year, Mr. Romney had given his campaign $17.4 million, about 90 percent more than the $9.2 million in the campaign’s cash-on-hand on Sept. 30 […]

Yet the Romneys refuse to release their fourth quarter numbers until the filing deadline of Jan. 31. This date falls after the primary contests in Iowa, New Hampshire, Michigan, Nevada, South Carolina, and Florida.

Also from the article, Romney’s fund raising “declined from US$20.8 million in the first quarter to US$13.9 million in the second, to less than US$10 million in the third.”

Romney increased his own contributions to compensate.

Conclusion: The Romney campaign is a Potemkin village.

yours &c.
dr. d.g.

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  1. 1 Romney makes a great noise in IA, NH, and now MI; can he resolve any of it into a message? « who is willard milton romney?

    […] US$20 million or more of his own money on top of that, only no one knows how much because the Romneys aren’t telling—on IA and NH and the reporters are obsessive? To hold on to his tenuous and illusory leads in […]

  2. 2 death by internal memo (iii)—Romney’s Alex Gage: “We are prepared to fight and win in the key states throughout the rest of January” « who is willard milton romney?

    […] Team Romney has failed at every task it set for itself. It failed to consolidate the social-conservative base as evidenced by the exit polling from IA and NH. It crucially failed to return clear decisions for Romney in IA and NH. Further, Romney massively-titanically overspent and received precious little in return. How much? Upwards of US$20 million of his own money on top of the US$80 million that he raised, but no one really knows. Tellingly, Team Romney isn’t saying. […]




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