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Tuesday, January 09, 2007

And They're Off!

Money is the Mother's Milk of Politics
Jesse Unruh, D-CA, 1968


$6.5 million dollars in eight hours. That's what the Romney Exporatory Committee took in for its first day.

Will they do this once a week?

First Lady Anne Romney, at the opening gun, said "This is going to help us decide if this is a viable thing to do or not." Her qualms should be well settled.

Last June, the Boston Globe wrote,
"Since July 2004, Romney has set up affiliates of his political action committee, the Commonwealth PAC, in five states. By having donors spread their contributions across the various affiliates, Romney has been able to effectively evade the $5,000-per-donor annual contribution limit that applies only to federal committees, which most presidential aspirants set up to build initial support for their candidacies. The multistate system is helping Romney raise money quickly from relatively few contributors, and foster valuable political relationships around the country. It also is a strategy several potential opponents for the Republican nomination cannot use: Federal office-holders, under new campaign finance rules, are barred from operating such state affiliates. That means possible 2008 competitors such as Senators John McCain of Arizona and George Allen of Virginia have to rely solely on their federal PACs and thus cannot accept more than $5,000 from any contributor each year."

Now, the Commonwealth PAC is an old checkbook, in drawer for a rainy day, while the Exploratory Committee garners wealth before it morphs into the Campaign Committee. Romney has his captains - Bush had Rangers - and calls them Founders and Patriots. Porcupine thinks Romney missed the boat in not having Olympic-themed donor grades - Gold, Silver, Bronze - as he was looking forward to proud status as a Zinc Donor.

Prominent blogger Hugh Hewitt describes being hit up (
HERE) from the east and west coasts by two old friends - a remarkable scope for a fundraising network.



All in all, a very auspicious beginning - nothing like cash to show ComMITTment!

3 Comments:

Blogger Doug said...

Are you a Mitty?

5:31 PM  
Blogger Peter Porcupine said...

Not there yet, but feel the vortex....

BTW - I am not in agreement with the Governor on many issues. That said, I do know how intelligent, capable, hard working and decent he is.

Scylla and Charibdis become even stronger...

9:15 PM  
Blogger Jenn of the Jungle said...

I think I'll keep my money in my pocket for the timebeing. I need more info on Romney to make a decision either way.

12:49 PM  

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