Romney Has $8.5 Million to Spend Every Day for the Rest of the Campaign

Reuters
Elspeth Reeve 570 Views Oct 25, 2012

Mitt Romney and allied Republican funds had $169 million cash on hand as of October 17, BuzzFeed's Zeke Miller reports. That means they have 20 days to blow all that money, or $8.5 million a day, and sadly, they won't spend buying presents for you and all your friends. For random pop culture comparison's sake, in Brewster's Millions, Richard Pryor struggled to spend a  $30 million in 30 days. Even adjusting for inflation since 1985, that is a mere $2 million a day. 

Romney's campaign announced Thursday that its election effort raised $112 million in the first half of October alone -- impressive, given that's two-thirds the amount the Romney effort raised in September alone, but not quite as impressive as it sounds, because the Romney campaign itself won't be able to control all of that cash. The Romney "effort" includes the Republican National Committee and their joint-fundraising committee, so while that group began October with $183 million cash on hand, Romney's campaign account had $62 million. The Republican effort had $34 million than Obama and his allied groups, but Obama's campaign account alone had $99 million at the end of September.

Want to add to this story? Let us know in comments or send an email to the author at ereeve at theatlantic dot com. You can share ideas for stories on the Open Wire.

Related Articles   More by Elspeth Reeve

Romney's Base Loves Online Quizzes, Hates Nunchucks

It's a Little Premature to Stick a Fork in Romney

When It Comes to Photo Ops with Pizza, Romney Delivers

 

Weiner Won't Get Women's Votes but He'll Take Their Money

FBI Nails an Alleged KKK Member for Wacky Terrorist Death Ray Plot

Elsewhere on the Web

User Comments

Please type your comment and click Post. If you’re not already logged in you will be prompted to log in or register

  • The Atlantic Wire on Twitter
  • The Atlantic Wire RSS Feed
  • The Atlantic Wire iPhone App