Tags: romney | money | raised | campaign

Romney Team Raised, Spent $1.2 Billion

Thursday, 08 Nov 2012 12:09 AM

  Comment  |
   Contact Us  |
|  A   A  
  Copy Shortlink
Mitt Romney and his team spent $1.2 billion in the presidential race compared to $1 billion by Obama and his allies, according to an analysis by Politico.com

About 40 percent of Romney's spending was done by super PACs and outside groups; that number was about 12 percent for Obama.

The website's analysis indicates that the massive spending sprees by both sides in what is the most expensive presidential race in history, may have ultimately hurt the GOP.

The wild spending and unlimited outside groups with huge accounts led Democrats to up their game too.

But all the money spent didn't really help either party keep control over the process or the message and may have sent weak candidates to elections that they ultimately does.

According to Politico, both sides are gearing up to raise money but are thinking about just how to change the system for the better.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact Us  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Retype Email:
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Ralph Peters: 'Psychological Problem' Makes Obama Indecisive

Tuesday, 02 Sep 2014 22:57 PM

President Barack Obama isn't making decisions on major world events because he isn't capable of doing so, retired Lt. Co . . .

Republicans Call For Swift Action Against ISIS

Tuesday, 02 Sep 2014 21:28 PM

Republican lawmakers sounded a clarion call for quick, decisive action against Islamic State (ISIS) militants after the  . . .

ISIS Apologizes - for Releasing Beheading Video too Soon

Tuesday, 02 Sep 2014 22:40 PM

Islamic State (ISIS) militants apologized after releasing a gruesome video that purports to show the beheading of Americ . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved