Santorum Campaign Raises $4 Million in January

Following victories in the Iowa, Minnesota, Colorado and Missouri primaries, GOP presidential candidate Rick Santorum doubled his 2011 fundraising total in January alone.

Over the course of 2011, the former Pennsylvania senator raised $2.2 million. During the first month of 2012, Santorum brought in $4.5 million for his campaign.
Though he has emerged as Mitt Romney’s main rival, and though according to FEC reports he still has $1.5 million in cash on hand, he still trails Romney financially.
The Romney camp brought in over $6.5 million in January 2012 and has raised more than $63 million since the beginning of his campaign. He has also received the most fiscal support from Wall Street out of any of the Republican candidates.

For Santorum, a significant percentage of his fundraising have come from small donations: gifts of $200 or less. While Santorum has certainly made headway in the campaign, forcing the Romney camp to spend more and more (Romney has spent almost $56 million on the race thus far), his campaign will likely need to see a stark uptick in fundraising for Santorum to be successful. Santorum has $1.5 million in his campaign coffers; Romney has $7.6 million at his disposal.

And, though this may seem like a one-sided battle, Santorum leads Romney by 10 percentage points on a national scale in the eyes of registered Republican voters, according to Gallup. What is even more unbelievable is that the former Massachusetts Governor has outspent Santorum 30 to 1 for the upcoming Michigan primary but still trails.

In the larger scheme of things, Republican leaders have debated who could defeat President Obama for years. However, when it comes to fundraising comparisons between GOP candidates and the Obama camp, it’s simply no contest. Obama has raised $151.4 million to date, and still currently has $75.9 million on hand.

February 21st, 2012 | Posted in Front Page Stories, Top Stories | No Comments