Mitt Romney's $10 Million Day

More

That's how much the GOP hopeful just raised an impressive Monday effort. How far will it take him?

mitt romney full.jpg

Mitt Romney raised $10.25 million Monday during a phone bank fundraiser held in Las Vegas. It's widely acknowledge to be an impressive one day total. But how much is it in the larger context of presidential politics?

In 2008, the combined total for all the candidates for the presidency was more than $1 billion for the first time in history. Barack Obama alone raised $730 million, while John McCain raised roughly $333 million. Ralph Nader raised $4 million for the contest, and Libertarian Party candidate Bob Barr raised $1 million. During the GOP primaries four years ago, Romney raised roughly $110 million in his failed bid for the nomination (if you could the $44 million that came from his personal fortune as having been "raised"). That same year, Ron Paul wowed observers by raising $6 million in a 24 hour period.

This year, Romney reportedly wants to raise $50 million for the GOP primary. So he's a fifth of the way to his target. Why would he shoot for less than he had during his failed effort? The New York Times' Michael Shear explains:

Well, in 2008, he announced for president on Feb. 13 and immediately began running television commercials in Iowa and around the nation to increase his name recognition. This time, he may not announce until April or May and so the amount of time he will be on the air will be far shorter. And of course, his challenge is different this time. When Mr. Romney started out in 2007, few voters knew who he was and he registered in the single digits in national polls.

Should Romney win the GOP primary and go on to face President Obama in the general election, what would his $10.25 million buy him? Team Obama reported spending about that same amount on rent and utilities during the 2008 campaign. Alternatively, were that sum spent outside politics, Romney supporters would be quick to tell you that it could cover 5,150,753 "waving American flag" lapel pins, while his opponents might note it's enough for 193,432 pairs of the finest leather flip flops.


Image credit: Reuters
Jump to comments
Presented by

Conor Friedersdorf is a staff writer at The Atlantic, where he focuses on politics and national affairs. He lives in Venice, California, and is the founding editor of The Best of Journalism, a newsletter devoted to exceptional nonfiction.

Get Today's Top Stories in Your Inbox (preview)

Social Security: The Greatest Government Policy of All Time?

It's the most effective anti-poverty program in U.S. history. So why do some people hate it?


Elsewhere on the web

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

Adventures in Legal Weed

Colorado is now well into its first year as the first state to legalize recreational marijuana. How's it going? James Hamblin visits Aspen.

Video

What Makes a Story Great?

The storytellers behind House of CardsandThis American Life reflect on the creative process.

Video

Tracing Sriracha's Origin to Thailand

Ever wonder how the wildly popular hot sauce got its name? It all started in Si Racha.

Video

Where Confiscated Wildlife Ends Up

A government facility outside of Denver houses more than a million products of the illegal wildlife trade, from tigers and bears to bald eagles.

Video

Is Wine Healthy?

James Hamblin prepares to impress his date with knowledge about the health benefits of wine.

Video

The World's Largest Balloon Festival

Nine days, more than 700 balloons, and a whole lot of hot air

Writers

Up
Down

More in Politics

Just In