Romney Rakes In $18M—and That Worries the GOP
Obama is clobbering Republican candidates in money race
By Kevin Spak,  Newser Staff
Posted Jul 7, 2011 7:27 AM CDT
Republican presidential candidate, former Massachusetts Gov. Mitt Romney talks with reporters outside Allentown Metal Works in Allentown, Pa., Thursday, June 30, 2011.   (AP Photo/Rich Schultz)
camera-icon View 1 more image

(Newser) – Fundraising reports are starting to trickle in from the GOP presidential field, and the results look great—for Barack Obama. Even Mitt Romney’s vaunted money machine collected only $18 million in the first true quarter of fundraising, a big step back from his 2008 showing, Politico reports. The results only get uglier from there, with Tim Pawlenty and Jon Huntsman not even cracking $5 million, and the Republican National Committee $18.5 million in debt.

Barack Obama and the Democratic National Committee, by contrast, say they’ll jointly raise more than $60 million this quarter, with a whopping 493,697 individual donors chipping in. Republicans have always expected Obama to out-fundraise them, but not this badly. “Is that sobering? Sure it is. It’s a wakeup call,” said RNC member Henry Barbour. Many donors are waiting to see who emerges from the unimpressive field, one former Bush bundler says. “There’s an army out there that’s not on the field yet.”