Romney's Fundraising Nearly Matched the President's in April

Being the only guy left in the race has its advantages. Figures released today show that Mitt Romney's campaign raised nearly as much money as the President did in April.

Yesterday the Obama campaign announced that it raised $43.6 million last month. That figure was down from the $53 million the campaign raised in March. However, Romney's camp raised a mere $12.6 million in March, so he seemed to be trailing pretty substantially. But the Romney camp announced it had raised $40.1 million last month, nearly tying the President and triple what his camp did in March.

The surge in money to the Romney camp corresponds with his primary challenger, Rick Santorum, leaving the race. Santorum announced he would drop out April 10th. Newt Gingrich remained in the race until May 2nd, but in his case the writing seemed to be on the wall weeks earlier. Ron Paul left the race earlier this week.

Obama's fundraising is likely to pick up this month. A single dinner held at George Clooney's house last week reportedly raised $15 million for the campaign.


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The past several months have seen the price of gold slump even as the Fed and other central banks have accelerated their massive expansion of paper money. Gold is off about 20% so far this year with silver down almost 30%. The old adage--“don’t fight the Fed”--particularly comes to mind now because the US equity markets have been setting new highs during this same period. All of these gains are nominal, you understand, but for terrified American policy makers and investors, nominal is just fine.

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