Signs of financial strain showing up for Romney
Source: Google/Associated Press
The long and increasingly messy Republican presidential contest is starting to hit Mitt Romney where it hurts most: his wallet.
New signs of financial stress are emerging in Romney's campaign, which has built a wide lead in delegates thanks in part to the might of his bank account and multistate operation. As rival Rick Santorum's surprising strength keeps extending the nomination battle, Romney has scaled back expenses, trimmed field staff in some cases and begun to count more on free media coverage to reach voters. And he's still relying on an allied super political action committee to supplement his spending on expensive TV ads.
This week, the former Massachusetts governor was forced to spend two days privately courting donors in the New York area, even as his Republican rivals were wooing voters ahead of pivotal elections in places like Illinois, where he hasn't been in four months, and as President Barack Obama was stockpiling cash for the fall general election fight.
On Wednesday, Romney had five finance events in New York, all packed, raising about $3 million, with more set for Thursday. So the news is hardly all bad. Wednesday "was the best day we've had so far," said New York Jets owner Woody Johnson, who accompanied Romney to multiple events, including a donor breakfast in New York City.
Read more: http://www.google.com/hostednews/ap/article/ALeqM5iT-Tl15uxlbYaoB6_9u7MdJN1q1g?docId=7e390c19e0fe480bab649a1c8c237d7e
The story goes on to note that Romney campaign needs to refill the coffers, and story states it is unclear whether Romney will start spending his own money.
The primary race only seems to be helping the Democrats, the consultants, and the media, which is a heartwarming trend.
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