Republican Fundraising – Romney’s Burn Rate

Mitt Romney’s campaign just filed their financial disclosure reports for the third quarter, revealing $9.2 million cash on hand. The campaign spent $21 million for the quarter after pulling in $18 million (which included a sizable $8.5 million personal loan from the candidate) , continuing the heavy burn rate seen in the first half of the year. Signs of where the money’s going: the 10,893 ads Romney has run, mostly in Iowa, dwarfing his Republican competitors.

Rudy Giuliani’s campaign spent $13.3 million over the summer and has $11.6 million on hand, while Fred Thompson spent $5.7 million and has just over $7 million available.  No word yet on the other candidates.


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