Romney Campaign Raises $100M in June

Mitt Romney may not have been the candidate that some Republicans wanted, but it doesn’t matter; they are coalescing behind him financially in staggering numbers. Rick Wiley, the Republicans’ national political director, acknowledged that the Romney campaign raised over $100 million in June. Wiley was so happy that he delightedly tweaked the noses of Obama campaign director Jim Messina and senior campaign advisor David Axelrod, tweeting: “@Messina2012, check this out bro, we raised north of $100 million in June. I'm assuming u & Axe will need beers 2night bro.”

In May, the Obama campaign decried the news that Romney had outraised them by $17 million, claiming that it was a fluke. Apparently they were wrong.

But that didn’t stop the Obama campaign from attempting to spin the news of Romney’s gigantic month: Obama campaign spokesman Ben LaBolt said Romney leaked the news because of news reports detailing his personal wealth:

"Mitt Romney is trying to distract from a week when he took contradictory positions on the freeloader penalty in the Affordable Care Act and we learned more about his offshored finances in Switzerland, Bermuda, and the Cayman Islands. Americans are less concerned about how much money he raised to get himself elected and more interested in what he would do after repealing health reform, which he has refused to share, and why he won't disclose the necessary tax returns that prove whether or not he paid any U.S. taxes on his shell corporation in Bermuda.”

Here we go again; Democratic strategists trying to obfuscate the issue by distraction. It’s a time-honored technique for Obama and his minions; when bad news strikes, throw up a smokescreen and yell there’s a fire down the street.



Comments

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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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