Even Mitt’s Wallet Has Its Limits

The Romney campaign has been the 800-pound gorilla in the Republican primary. Throwing his money around he was able to completely saturate the Iowa, Florida, South Carolina and Michigan airwaves with attack ads that his opponents lacked the resources to respond to.

However, in order to keep up an intense offensive like that you need cash. He has been burning money faster than he has been raising it. Moreover, these charts from Talking Point Memo show that most of Romney’s money has come from big donors who have already given the maximum legal donation of $2,500. He cannot get any money from them until after the Republican National Convention, August 27-30.

Presumably Romney will have to rely more and more on his Super PAC “Restore Our Future” which accepts unlimited contributions such as $1,300,000 last month from hedge fund founder Julian Roberts and $2,000,000 from cosmetic company founder Steven Lund. After all, Romney’s staff does not want to have to give up its luxury hotels.