Thursday, October 11, 2007

Romney; Steve Forbes

Over the summer, I observed that Mitt Romney's presidential campaign had the characteristics of a self-funded vanity project, not unlike that of Steve Forbes.

Well, Romney has now outspent Forbes in his quest for the White House.

By the end of the third quarter of this year, according to Federal Election Commission reports, Romney had loaned his own campaign $17.4 million in personal funds, not including a donation of a $61,435 Winnebago.

That exceeds the $16.5 million Forbes donated to his campaign in all of 1995, and the $12.7 million Forbes had loaned himself at this point in 1999.


As with most other campaigns, Romney's contributions dropped off in the third quarter. But one trend that may bode ill for the pending inheritance of the five Romney brothers, Papa Romney's contributions to his own campaign have increased as those from others have decreased, from the $2 million he lent his campaign in Q1 to the $6.85 million in Q2 (plus the Winnebago) to $8.5 million last quarter.

In Long Beach, Calif., last month, Romney acknowledged he had "contributed significantly to the campaign," and "I presume I will again."