In January 2007, at the start of his last run for president, Mitt Romney described the idea of self-financing his own campaign as “akin to a nightmare.” But when all the dust settled, he ended up loaning $45 million of his own money to his losing campaign, which he never sought donations to repay. It seems likely that history will repeat itself.
A number of news outlets have been reporting on Romney’s money troubles following the release of January campaign finance reports. The basic gist: he’s burning through money a lot faster than he’s taking it in and he’s overly-reliant on wealthy donors who max out once they reach the $2,500 giving limit.
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