GOP Nominees Faced with Financial Woes - Road to the White House - Election 2012 - Week 13

AddThis Social Bookmark Button

The Road to the White House is a costly one and as the process approaches mid-primary season, funding for the GOP Presidential primary campaigns are suffering from a shortfall of the single most important element needed: Money.

 USA Today Political Poll Tracker as of March 31, 2012 places Romney, leading the pack in popularity, nationally, gaining .9 percentage points over the week, at the top with 37.8%. Santorum, holding steady in the number two spot dropped .4 percentage points with 28.2%, Newt Gingrich, the former Speaker of the House, dropped 1.4 percentage points over the past week coming in at 14.3 % and Texas Representative Ron Paul gained 1.1 percentage points to end at 11.8%.

As money woos are on the agenda for the week, a major source of funding for each of the Republican Presidential hopefuls are, Political Action Committees, or Super PAC’s, which can raise unlimited funds to support the political aspirations of any candidate.  Of the over four hundred Super PAC’s on record eight support former Massachusetts Governor Mitt Romney’s campaign,  two support chief rival former Pennsylvania Senator Rick Santorum, four support former Speaker of the House Newt  Gingrich and Texas Representative Ron Paul is supported by six.

GOP Presidential front runner Mitt Romney is primarily fueled by the Super-Pac Restore Our Future, which has raised in excess of $43 million through private donation, wealthy contributors and individual gifts who believe in his platform and are willing to donate funding to keep his campaign going. Mitt’s Money Machine has spent over $38 million and out spent each candidate in every state to secure his bid as the Republican Presidential Candidate.

Republican Presidential hopeful Rick Santorum, Romney’s chief challenger, also has Super Pac funding. Foster Freiss, the outspoken billionaire, has contributed heavily through Red, White & Blue. At $15.7 million, Santorum is not even close to the Romney money machine. Santorum is fueled also by private funds from individuals and, like all candidates who raise at minimum $5 thousand in each of twenty states, eligible to receive matching government funds.

Former Speaker of the House Newt Gingrich’s Presidential bid is hurting financially even with backing from the Super-Pac Winning Our Future, that has raised in excess of $18 million to fund his campaign. With a cash reserve of $1.5 million and an equal amount in debt Gingrich, in order to stay in the campaign has, in the past week, laid off half his team including his campaign manager and opted to utilize the various forms of free resources, including launching social media campaigns and leveraging personal friendships to keep his campaign alive. Gingrich has taken two states in the primary process, South Carolina and Georgia and has twenty years experience in political office.

He conceded earlier in the week should Romney secure the delegates before the Republican Convention in August, he would pledge his support to unify the party.

Six Super-Pac’s have publically pledged support to Texas Representative Ron Paul. Endorse Liberty, the primary support for Paul’s Political Campaign has raised over three million. With skyrocketing costs and even his grass roots support it’s a tough road. As recent as March 31, 2012, donors are continuing to support the beleaguered candidate who raised an additional $1.1 million. Paul’s, most important victory in this primary process was the battle of Virginia, in which he captured over 40% of the vote. With the Texas primary looming, Ron Paul could capture a big win and knock the wind, momentarily, out of the Romney machine.

Funding for Presidential Campaigns are also fueled by that little presidential check off box on tax forms.  Created in 1976, donations from the public through federal tax forms has hit an all time low with only 6.6% of tax payers participating in the electoral process through tax donations.

All monies raised for a presidential primary election can be potentially matched by public donation program. Candidates may apply for eligibility any time but no monies can be paid out until January of the election year. Three former presidents Bill Clinton, Ronald Reagan, George H.W. Bush, received matching funds of at least $20 million each over the course of the public funding program.

Primaries in the District of Columbia, Maryland and Wisconsin will be held on April 3rd.

The 2012 Delegate Tracker, of the 2286 total available delegates, Mitt Romney has secured 568, Rick Santorum 273, Newt Gingrich, 135 and Ron Paul 50. To secure the Republican Nomination for President a candidate must receive 1,144 delegates.
оформление осаго

Haute Tease

  • Paterson Review – Surprising, A Solid Story With Strong Performances

    AddThis Social Bookmark Button

    Paterson, from Amazon Studios and Bleecker Street Media, presents the story of a couple on the path to finding the next chapter in life as routine sets in, dreams are lost until catastrophe moves or derails the dream.

  • Russian President Grants Amnesty to Jailed Punk Band, Oil Tycoon

    AddThis Social Bookmark Button

    Russian President Vladimir Putin signed off on an amnesty package that frees two members of the jailed punk band, Pussy Riot as well as Oil Tycoon, Mikail Khodorkovsky and members of Greenpeace.

  • France Macron and France Yellow Vests

    AddThis Social Bookmark Button

    The Yellow Vests crisis reveals the existence of a two France nation that many oppose: Principles, history, beliefs, ambition. Neither will yield. And the outcome of the crisis may be in the disappearance of one of the two.

  • Cannes Film Festival - Cannes Classics 2017

    AddThis Social Bookmark Button

    The program of Cannes Classics 2017 will be dedicated for its most part to the history of the Festival. Almost fifteen years ago, when the relationship between contemporary cinema and its own memory was about to be shaken by the emergent arrival of digital technology.

  • Bohemian Rhapsody Review - Four Stars! Wild, The Poetic Genius Continues

    AddThis Social Bookmark Button

    Bohemian Rhapsody, from 20th Century Fox, presents the story of the legendary Freddie Mercury, and the radical 1970’s experimental rock band Queen, and how they transformed themselves and every other sound by making bold and outrageous musical choices.

  • Stonewall - Attention Grabbing, A Fair Overview Presented Well

    AddThis Social Bookmark Button

    Stonewall, from Roadside Attractions and Centropolis Entertainment, presents a fictionalized accounting of the 1969 Stonewall Nightclub Riots in New York City’s Greenwich Village, an actual event that became the catalyst of the modern Gay Rights movement.

  • Beverly Hills Doc Offers Five Fast Tips For Summer Shape Up

    AddThis Social Bookmark Button

    Beverly Hills Dr. Ehsan Ali, M.D., a primary care physician who also offers concierge home services, is well-known, highly respected and sought after by many including celebrities Liam Hemsworth, Emma Stone and Bella Thorne for his anti-aging care.

  • HL Benefits, Charities: Dry Creek Valley On Tour Review – Delicious Afternoon Benefitting Cancer Research

    AddThis Social Bookmark Button

    WineLA, a wine club that embraces the wine culture of Los Angeles, recently held an afternoon Wine Tasting featuring the Dry Creek Valley wines at Culver City Smashbox studios benefiting the T.J. Martell Foundation.

  • Business News: Bentley Motors Announces Multi-Million Pound Site Expansion

    AddThis Social Bookmark Button

    (Crewe, December 2014) Today, Bentley has announced the latest phase in the biggest site development in the company's history. A further £40 million investment will expand its headquarters in Crewe, with a new research and development centre, creating over 300 jobs in the process. This move was welcomed by George Osborne, Chancellor of the Exchequer, who visited Bentley today.  

  • World News: Militaries Stockpile Weapons, Increase Spending, in Global Build Up

    AddThis Social Bookmark Button

    Would not the increase in world military spending be the expression of an underlying fear brought on by the upheavals of globalization? Unless humanity returns to instinctive defense reflexes that refer to the dark hours of history.

  • Eleven Dead in Pittsburgh Synagogue Shooting; Four Officers, Two Others Injured

    AddThis Social Bookmark Button

    At least eleven guests at a baby naming ceremony at the Tree of Life Congregation in Pittsburgh's Squirrel Hill neighborhood are dead after a lone gunman entered the building shouting "All Jews must die" and opened fire.

  • HRH Princess Eugenie of York, Daughter of HRH Prince Andrew Duke of York, Marries

    AddThis Social Bookmark Button

    Her Royal Highness Princess Eugenie of York, ninth in line for succession, and Mr. Jack Brooksbank, her longtime executive boyfriend, married Friday in a traditional ceremony at Windsor Castle's St. George's Chapel, in front of 800 guests.

  • Rough Guides Book Review - Ready, Set, Travel

    AddThis Social Bookmark Button

    Summer travel season is heating up with families, singles, groups, and couples, hitting the road, hopping the next flight, escaping, with the one thought of leaving everyday life behind . . . for just this moment.

  • City of Ghosts Review – Riveting, A Haunting Shocking Narrative of the Islamic State

    AddThis Social Bookmark Button

    City of Ghosts, from Amazon Studios, A&E Indie Films and IFC Films, presents the haunting account of the take-over of Raqqa Syria by the Islamic State and the rise of the citizen activist group Raqqa is Being Slaughtered Silently.

  • Celebrity Interviews: Talking with Me, Earl and The Dying Girl Stars Thomas Mann, RJ Cyler and Olivia Cooke

    AddThis Social Bookmark Button

    Me and Earl and The Dying Girl from FOX Searchlight Pictures has been opened in the United States garnering rave reviews for the teen comedy-drama that traces one year in the life of three friends as they face the uncertain future.