SHOCKING - Romney Campaign Is 11 Million Dollars In Debt After Having To Borrow 20 Million In August

  • Posted by a hidden member.
    Log in to view his profile

    Sep 19, 2012 2:17 AM GMT
    As if things weren't bad enough for the Romney campaign - now we discover that the money is drying up for Mittens as donors desert the sinking ship Romney.

    http://abcnews.go.com/m/blogEntry?id=17266851
  • Posted by a hidden member.
    Log in to view his profile

    Sep 19, 2012 3:22 AM GMT
    Isn't this what Bain did with companies? Run them up with debt. Recapitalize a dividend. Be the first one to leave before the weight of the debt collapses the company?
  • Posted by a hidden member.
    Log in to view his profile

    Sep 19, 2012 3:36 AM GMT
    You misspelled sunk.
  • Posted by a hidden member.
    Log in to view his profile

    Sep 19, 2012 3:40 AM GMT
    paulflexes saidYou misspelled sunk torpedoed.


    Fixed.
  • Webster666

    Posts: 9217

    Sep 19, 2012 3:45 AM GMT
    Billionaires don't bet on a loser.
  • Posted by a hidden member.
    Log in to view his profile

    Sep 19, 2012 4:04 AM GMT
    And the events of the past day will only make the dirty GOP big money donors more reluctant to throw any more of their money away on the Romney disaster.

  • comfortablynu...

    Posts: 230

    Sep 19, 2012 4:35 AM GMT
    To be fair to Romney (he's had a bad couple of weeks, I don't want to pile on), this is largely because of how campaign finance law works. You can donate twice to a candidate in an election season, once to a primary election fund and once to a general election fund. Romney's campaign had to borrow money because his primary election fund dried up before he was the official nominee and he could start spending money out of the general election fund. He's still got a bunch of cash on hand in the general election fund.

    The GOP slugfest (primary) was long and expensive for Romney, but it is his own fault since his main strategy to stay on top in the primaries was to outspend his competition by huge margins. Obama didn't have a primary challenge but still had donations to his primary election fund, so he was left with all kinds of cash to spend on defining Romney early on before Romney could spend most of his campaign funds.
  • Posted by a hidden member.
    Log in to view his profile

    Sep 19, 2012 10:06 AM GMT
    it's more like 67% of outside spending supports Mr. Romney, while 20% support President Obama.

    the article below also shows where, and by whom, the spending takes place.

    http://firstread.nbcnews.com/_news/2012/09/17/13917146-outside-groups-make-up-almost-half-of-all-presidential-campaign-ads?lite&ocid=msnhp