Mitt Romney spending outpaces fundraising (by nearly 3 times)

[morningfog]

Mitt Romney spending outpaces fundraising
By DAVE LEVINTHAL | 2/20/12

Mitt Romney’s presidential campaign spent nearly three times the money it generated in January, according to federal documents filed Monday night, but a top official described the operation’s fundraising efforts as “on track.”

The Romney for President committee spent nearly $18.8 million against more than $6.5 million raised in January, and it reported $7.67 million cash on hand as of the month’s end.

* * *

Romney’s financial situation is far better than that of Republican rival Newt Gingrich: His campaign tonight reported just $1.8 million in the bank with almost as much debt.

Fellow GOP hopeful Rick Santorum, meanwhile, reported $1.47 million cash on hand and $956,701 in debt.

Read more: http://www.politico.com/news/stories/0212/73092.html#ixzz1myxDnmic

[Historic NY]

1. I want him to mortgage one of his houses...

[DCBob]

2. this is very good news.

and the longer this clown show goes on the more they will spend and the less they will have for the GE.