GOP Candidates Search for Cash

January 5, 2012 No Comments

January 5, 2012 | FoxNews.com

WASHINGTON –  As they try to derail Mitt Romney’s presidential campaign, his challengers face an urgent task: raising enough cash to compete.

The campaign for the GOP nomination is moving into states that are more dependent on TV advertising, and nobody has yet been able to match the former Massachusetts governor’s financial operation.

Rick Santorum, riding a wave of momentum, nearly won Iowa’s Caucus in a shoestring but has no national fundraising network. Newt Gingrich vows to go after Romney in New Hampshire, but if history is any guide, he lacks the cash to do it. And Texas Gov. Rick Perry, a prolific fundraiser, still might be a threat — but the Iowa results showed his support has waned.

Romney’s campaign has spent more than $17 million since January, while Gingrich and Santorum have each spent less than one-sixth of that.

Read more: http://www.foxnews.com/politics/2012/01/05/gop-candidates-on-cash-hunt-as-romney-towers-in-fundraising/#ixzz1ib1Lh7Xc

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