2016 Postmortem
Related: About this forumSo Romney doesn't have the campaign money that everybody though
http://www.nytimes.com/2012/09/20/us/politics/romney-campaign-cautious-with-ad-budget-even-in-key-states.htmlmadokie
(51,076 posts)You're allowed 4 paragraphs so how about it.
Not Me
(3,398 posts)One major reason appears to be that Mr. Romneys campaign finances have been significantly less robust than recent headlines would suggest. Much of the more than $300 million the campaign reported raising this summer is earmarked for the Republican National Committee, state Republican organizations and Congressional races, limiting the money Mr. Romneys own campaign has to spend.
With polls showing President Obama widening his lead in some of these states and the race a dead heat in others, Mr. Romneys lack of a full-throttle media campaign is risky, especially as he struggles to get his message out over the din of news about his campaigns recent setbacks.
In some states the disparity is striking. Mr. Obama and his allies are handily outspending Mr. Romney and the conservative super PACs working on his behalf in Colorado, Ohio and New Hampshire.
And in states like Florida, Iowa, Nevada and Virginia, where the Romney and Obama forces are roughly matching their spending dollar for dollar, the super PACs are responsible for nearly half the advertising that is benefiting the Republican nominee
Ecumenist
(6,086 posts)cleduc
(653 posts)But the strange thing there was that Super PAC spending for Romney dried up for the most recent two weeks they reported (they didn't report on this week's spending). If Romney was running into money trouble, and he must have been because Romney borrowed $20 mil, you would think the Super PACs we've heard so much about would be right there to come to the rescue.
I looked at Rove's EV map for last April and compared it with what it would look like today. With OH, VA & WI all going over +4 Obama yesterday in the Real Clear poll of polls for those states, the EV map today is quite similar to last April. In other words, they have spent hundreds of millions of dollars since April and been unable to materially move the needle. What is worse today is that the undecideds are now much smaller on the same map - almost record lows for this point in time of the election. It's harder to change someone's mind than it is to swing an undecided your way.
They would know the real situation long before we would. Maybe two weeks ago, they saw this coming and effectively threw in the towel on Romney financially. They'll probably try to shore him up some where they can to try to help down the ticket but Romney's money troubles may be the result of the Super PACs and the GOP largely giving up on him.
Maddow reported last night that Romney has "strangely" only been doing an event a day and often that hasn't been in battleground states - he's not been out campaigning. He's been raising money that the media figured he didn't need and it puzzled the media. So that's more evidence of his money troubles.
It would be quite ironic if the $250 million dollar man and supposed turnaround artist ran out of dough in his failure to turn around the biggest quest of his career. But the lesson might be that this was one deal he couldn't leverage past the public and media with a slight of hand like he did throughout his career at Bain.
If we can get updated figures on the ad spending and the Super PACs have dropped out/pulled back, I don't know how else we could conclude reasons for their actions with less than 50 days to go
cleduc
(653 posts)He says they update it each Friday and will do so again this week.
Here's a couple of related articles:
Despite Fundraising Edge, Romney Outgunned on Airwaves
http://www.nationaljournal.com/politics/despite-fundraising-edge-romney-outgunned-on-airwaves-20120920
Mitt Romney's sparse campaign schedule worries some Republicans
http://www.latimes.com/news/nationworld/nation/la-na-romney-schedule-20120920,0,6122587.story
I think campaign finance reports are out due soon. With them and the ad data this Friday, we should get a clearer picture about what is going on.
Response to bigdarryl (Original post)
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leftynyc
(26,060 posts)when they're desperate. If it wasn't for the stink, I'd enjoy it more.
tjdee
(18,048 posts)That lair will have to stay in office I guess.
12AngryBorneoWildmen
(536 posts)You guys always get the best avatars. I'd love Ol' Glory, but I don't feel worthy. If I could only learn to hate just a little bit more. I think I can. Teach me GG. ps. I also love the freedom you display in spelling any word any way the hlel you want to. Call me.
nc4bo
(17,651 posts)wilt the stilt
(4,528 posts)let's put a final push for donations.
cleduc
(653 posts)The campaign is moving fast to calm nerves, especially among donors. To get a flavor of the challenge before them, a top donor said that after Romney spoke at a fundraising breakfast at the Hilton New York on Friday, a will-Mitt-win poll was taken at one table of 10 men, each of whom had paid at least $2,500 to attend, and some of whom had raised as much as $50,000 for the campaign. Not a single man said yes.
BlueToTheBone
(3,747 posts)$25million for ad for rMoney.