Romney’s Super PAC Begins $4M Ad Buy

by InvestorPlace Staff | May 2, 2012 6:08 pm

investorpoliticsletters2 Romneys Super PAC Begins $4M Ad Buy[1]Here it comes. On the heels of Barack Obama’s latest attack ad on Mitt Romney[2], and after pulling ads attacking GOP candidates from its YouTube account[3], the pro-Romney super PAC Restore Our Future is prepping a barrage of television ads[4].

According to a media analyst, the super PAC purchased up to $4 million in 30-second television ads in at least eight swing states crucial to this fall’s election. This would presumably take a significant bite out of Restore Our Future’s resources. The super PAC reported having $6.5 million cash on hand at the end of March. Of course, they have likely raised additional money since that report.

Romney’s own campaign had $10 million cash on hand at the end of April. This amount pales in comparison to Obama, who reportedly has $104 million in his war chest[5]. Obama raised $35 million in March, compared to $12.6 million for Romney.

– Benjamin Nanamaker, InvestorPlace Money & Politics Editor

The opinions contained in this column are solely those of the writer.

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Endnotes:
  1. [Image]: mailto:letters@investorplace.com
  2. latest attack ad on Mitt Romney: http://investorplace.com/investorpolitics/new-obama-ad-attacks-romney-on-jobs-swiss-bank-account/
  3. GOP candidates from its YouTube account: http://investorplace.com/investorpolitics/pro-romney-super-pac-pulls-negative-ads-from-youtube/
  4. prepping a barrage of television ads: http://thecaucus.blogs.nytimes.com/2012/05/01/pro-romney-super-pac-begins-4-million-ad-buy/
  5. 104 million in his war chest: http://www.washingtonpost.com/blogs/the-fix/post/mitt-romney-raised-126-million-in-march/2012/04/20/gIQAmNU5VT_blog.html

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