Sept. 2012 article: "More Republicans may start to ask how committed he is to winning the race if he won’t put his own money on the line." Desperately needed in swing states like Virginia, Ohio, and Florida, Romney left the trail to raise money, having said it would be "akin to a nightmare" to use his own funds:
9/25/2012, “Why doesn’t Mitt Romney contribute to his own campaign?” Reuters, Michael Waldman
"Lately, Mitt Romney has been so consumed with fundraising that his
aides have had to defend his absence from the stump. Like his foe, the
Republican nominee is in the midst of a frenzied financial arms race.
But one hugely wealthy individual has not yet been persuaded to part
with much cash to support the Republican cause: Mitt Romney himself....
Romney, for whatever reason, has failed to use his personal wealth to
pay his campaign’s bills. His refusal to self-finance is one of the
mysteries of this campaign.
After all, if Romney were to help fund his own bid, he would have ample company. In 1976, the U.S. Supreme Court ruled
that it would violate the First Amendment to limit what candidates can
spend on their own behalf. Ever since, wealthy office-seekers commonly
have ponied up. John Kerry lent more than $6 million to fund his Iowa
caucus drive in 2003. Hillary Clinton lent her campaign over $11 million
four years later. Steve Forbes gave his 1996 campaign $32 million, and
spent nearly $37 million four years after that. Ross Perot spent $63
million to finish strongly in 1992, back when that was real money.
In fact, four years ago  the former governor gave his own campaign
nearly $45 million. He even donated a Winnebago trailer. “I’m not
beholden to any particular group for getting me into this race or for
getting me elected,” ABC News
quoted him as saying. “My family, that’s the only one I’m really
beholden to — they’re the ones who let their inheritance slip away,
dollar by dollar.”
The Romney boys can sleep easy: Their dad’s assets are worth nearly
$250 million, according to financial disclosure forms. But he has put
only $150,000 into this year’s run, through a joint gift with his wife
Ann to a Republican committee last spring.
Romney’s campaign surely could use the money. His summer fundraising
was less robust than it appeared, since much of it was committed to
party committees not controlled by him. His campaign borrowed $20
million as a “bridge” loan to keep ads on the air before the general
election began. Even the super PACs have less on hand now than seemed
likely just a few months ago. His strategist Ed Gillespie bemoaned the
time Romney must spend fundraising. “I don’t think anybody considers
Utah to be on the target state list, but it was an important event for
us,” he said of a recent fundraiser held in Salt Lake City, according to
part, he (Romney) has fretted publicly that spending his own funds would be “akin
to a nightmare.”...
Also, his money may not be easy to access. We know that much of it is
tied up in offshore accounts and complex tax-driven trusts....
A large gift could
open him to the charge he is trying to buy the presidency. That seems
Individuals and corporations can give unlimited sums to super
PACs so long as they pretend not to coordinate with candidates....Billionaires such
as Sheldon Adelson now sponsor candidates as if they were racehorses.
Mitt Romney might find himself just as surprised as anyone at how his
own campaign seems less flush than it seemed just a few weeks ago, with
initiative and power flowing to the purportedly independent groups that now constitute a de facto Republican Party....
To be clear, pity is not in order. Romney and the Republicans have
plenty of money. But his reluctance must rankle some donors who are
being asked to give substantial sums. As the campaign lunges toward the
finish, more Republicans may start to ask how committed he is to winning the race if he won’t put his own money on the line."
Sept. 24, 2012, Romney absent from battleground states in the stretch:
9/24/2012, "The Romney Campaign Is Sick Of Fundraising," BuzzFeed, McKay Coppins. "But they still need cash!"
"In a conference call with reporters Monday morning, senior Romney
adviser Ed Gillespie was asked why Mitt Romney doesn’t spend more time
holding public campaign events. His response was unusually blunt: They
need more money.
“He has been doing a lot of events, but a lot of them have been
fundraising events,” Gillsepie said.....
He went on to bemoan the time they’ve had to spend in non-swing
states, rather than stumping in places like Virginia, Ohio, and Florida.
“I don’t think anybody considers Utah to be on the target state list,
but it was an important event for us,” Gillespie said of a recent
fundraiser held in Salt Lake City. He said they hoped to soon have enough money
in their campaign coffers to carry them through November 6th....
Gillespie’s comments, coupled with Romney’s defense of his light
campaign schedule in a gaggle with reporters Sunday, could be read as an
effort to telegraph a need for more money from reluctant donors. Recent reports
have suggested that Romney’s campaign may be in a weaker financial
position than some thought. And with polls showing the Republican
trailing in key battleground states, some wealthy donors may be weighing
their likely return on investment as they hesitate to write checks.
Meanwhile, Romney has blamed the need for more fundraising on
President Obama’s decision to ditch the federal campaign finance system
August 2012 article re: Romney staff:
8/11/2012, "Rep. Paul Ryan VP Choice Draws Criticism From Some Conservatives," Huffington Post, Howard Fineman
"It's important to remember that Romney's top campaign staff were Charlie Crist's political staff....It was no surprise when I read in the New Republic that Mitt's chief strategist told folks he voted for Obama in 2008."...(near end of article, subhead, 'Concluding thoughts')