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Romney campaign $11 million in debt

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etaoin shrdlu Posted - 9/19/2012 3:36:26 PM | show profile | flag this post

The attention over the "47%" comments have been keeping this off most people's radar.

But the Romney Campaign is blowing through money at a lightning pace. Mitt had to take out a $20 million loan to make ends meet and is now $11 million in debt with more than six weeks left to go in the campaign:

http://www.nationalreview.com/corner/327793/romney-campaign-borrowed-20-million-robert-costa#

Who says Romney's never seen hard times?

This past week has been hell!

beenthere Posted - 9/19/2012 3:40:05 PM | show profile | flag this post


He should resign from the candidacy. Is that even possible?

He is beyond insulting, embarrassing ... there are really no more words to describe him. I am at a loss.



anonymous 1 Posted - 9/19/2012 3:54:42 PM | show profile | flag this post

"I am at a loss."

Go figure.

etaoin shrdlu Posted - 9/19/2012 4:01:11 PM | show profile | flag this post

Romney is the biggest...

disaster I've ever seen in the Republican Party.

mpdodgson Posted - 9/19/2012 4:35:54 PM | show profile | flag this post

I usually don't agree

with these guys....but...

"“If you’re a genuine conservative, first of all, you don’t say that you don’t care about the poor,” Gingrich said. “My goal, the exact opposite of Gov. Romney, my goal is not to ignore or forget the poor. My goal is to turn the safety net into a trampoline to allow the poor to rise and be like the rest of us.”

Gingrich said Romney’s controversial comments about the poor were an “example of what we don’t want in a general election candidate.”

“So Gov. Romney [was] trying to recover from his boo-boo as the elite media did exactly what Obama will do this fall and kept replaying, ‘I don’t really care about the poor,’ which is, by the way, not a very clever thing for somebody who’s very wealthy to say,” Gingrich said.

And...(Santorum) “You win by giving people a choice. You win by giving people the opportunity to see a different vision for our country, not someone who’s just going to be a little different than the person in there. If you’re going to be a little different, we might as well stay with what we have instead of taking a risk with what may be the Etch A Sketch candidate of the future,”

“All the things that allow Romney to win the primary are unavailable to him to win the general and that’s why you see these Etch A Sketch comments because he knows he can’t win,”

“Gov. Romney is dead wrong on the issue of the day and he should not be the nominee of the party,” “The problem is, we have a candidate who is running and seen by the media as the prohibitive favorite, who is the worst possible person in the field to put up on this most fundamental issue in this campaign, and that is Gov. Romney,”

Damn.

etaoin shrdlu Posted - 9/20/2012 9:56:27 AM | show profile | flag this post

This $11 million debt...

is hurting Romney in two ways. Not only does it amount to a week of campaign ads, he has to raise money to pay off this debt AT THE SAME TIME he's raising money to pay for operations.

He's already lost two weeks campaigning -- one doing damage control over his Libya implosion, a second week doing damage control over his "47%" implosion. While he's been talking about those issues, he can't talk about the economy.

In effect, with just under 8 weeks until the election, Romney has just blown three weeks of campaigning -- in time or money.

it's just tv folks Posted - 9/20/2012 11:02:38 AM | show profile | flag this post

more information

Apparently the loan was taken out pre-convention, before Romney was officially the gop nominee, before his campaign could start spending their general election funds. The Romney campaign was running out of their primary money. If they wanted to keep spending, a loan was certainly a valid option. Of course they knew how much money they had that needed to last until the convention. They could have budgeted better.

Now republicans are criticizing Romney for spending so much time at fundraisers. Give him a break. I'm sure Mitt just wants to make sure he doesn't have that debt hanging over his head when he returns to private life.

etaoin shrdlu Posted - 9/20/2012 11:26:35 AM | show profile | flag this post

And we all know the...

news value of those leaked fundraiser videos now!


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