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Despite Difficulties, Rick Perry Raises $2.9 Million in 4th Quarter 2011
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Despite the lagging polls and criticized debate performances, Rick Perry managed to raise just under $3 million during the fourth quarter of 2011, as the Iowa slug-fest of underway. But during the same time period, Mitt Romney's campaign raised a staggering $24 million. Getting out-fundraised by eight-to-one was no doubt a contributing factor in Perry's decision to withdraw from the race and return to Texas.
Here are some other notable bits of information from the campaign finance reports for the fourth quarter:
- Herman Cain raised an astonishing $11.5 million. But, he had to spend $11.8 million to raise it. He didn't have a traditional "vote for me" television or radio advertising campaign in Iowa or New Hampshire, because he dropped out of the race Dec. 2. Taking into account his campaign's $500,000 debt for his books sold at his campaign stops, this means that Cain spent as much money as he raised to advertise for his fundraising. If I donated to the Cain campaign, I'd be pissed about how ineffective the money raised was. It only benefitted talk radio hosts and conservative websites like Drudge.
- Santorum runs the most efficient campaign, burning only $9,300 per day. For comparison, Cain, a fellow second-tier candidate who dropped out early, spent $185,000 per day.
- Top tier candidate Mitt Romney spent the most per day at $211,000 per day, and he won (or nearly won) two contests. No doubt, this amount per day includes the operations of Iowa, New Hampshire, South Carolina, and Florida. Four campaigns.
- Perry spent $158,000 per day, with most all of it going to television, radio, Internet, and direct mail advertising in Iowa. That could only earn him 5th place?
Here is a table summary of the GOP nomination race campaign finance reports for the fourth quarter of 2011, filed by all candidates on Jan. 31, 2012.
FEC Filing Cash Flow Analysis, Q4 2011 GOP Candidates
Ordered by "cash-on-hand," as reported for the beginning of the 4th Quarter, ending 12/31/2011)
|Candidate||Cash on Hand 10/1/2011||Cash Raised||Cash Spent||Cash on Hand 12/31/2011||Q4 Cash Flow||Daily Burn Rate||Link to Filing|
Burn rate is daily ($/day), calculated by dividing the Cash Spent by 90 days. Herman Cain suspended his campaign Dec. 2, so his burn rate is calculated over 64 days. All others calculated over 90 days.
Read more about it at fec.gov