Politics

Romney has a fundraising problem

I see our editors endorsed Mitt Romney today to mixed reviews. But one thing they didn’t mention was Romney’s fundraising issues. I found this chart comparing the candidate’s sources of funds fascinating. Former Gov. Romney really stands out in the crowd.

As you can see, fully 90% of his fundraising comes from big money donors. It appears he’s not inspiring the rank and file voters to donate to his campaign.

His other problem, as you can see at the second chart at the link, is “67% of his overall money” comes from maxed out donors, meaning they’ve already donated the legal limit to his primary campaign and won’t be able to donate again to a presidential run, should he win the nomination.

However, the good news, for Romney, is thanks to Citizen’s United, his superPAC can still raise unlimited money to air attack ads. He still has donors willing to kick in a million or so for that cause. And, of course, nothing prevents him from tapping into the hundreds of millions of his personal fortune to make it to November, should he become the nominee.

As for the Detroit News endorsement, while I disagree with much of the reasoning, I suppose given the choices, it makes sense. I urge you to read the comments attached. They’re an illuminating illustration of just how volatile an election we’re facing in 2012.

Libby Spencer
Libby Spencer is a social media maven whose political commentary has been published on a wide variety of websites including a rather short lived guest blog at Fox News. She has been practicing her particular brand of punditry at the Detroit News Politics blog since April 2004.