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High Burn Rate Puts Romney Behind Rudy In Cash On Hand
Mitt Romney entered the presidential race with a lot less name recognition than the likes of Rudy Giuliani and John McCain — so in order to get to the top, he's had to spend a lot of money, including much of his own. So despite out-raising the rest of the GOP field, Romney no longer leads the race in cash on hand.
Romney now has less cash on hand than Giuliani — $9.2 million to Rudy's $12 million — and has spent a stunning $52 million up through the third quarter compared to only $30 million spent by Rudy.
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Of course, he could just buy the presidency himself.
October 16, 2007 1:26 PM | Reply | Permalink