Ryan Helps Romney Bring in Big Bucks

by InvestorPlace Staff | August 15, 2012 1:33 pm

investorpoliticsletters2 Ryan Helps Romney Bring in Big Bucks[1]Just 72 hours after Mitt Romney announced he had selected Paul Ryan[2] as his running mate, the Republican ticket has already began reaping the benefits. In the three days following Romney’s decision, the campaign has raised $7.4 million in online donations[3].

Nearly as soon as Romney brought Ryan out and made his vice president pick publicly known, the GOP campaign started sending out fundraising pitches on behalf of the Romney/Ryan team. More than 101,000 donations came in during those 72 hours, meaning the average donation per person was over $70.

It’s more good news for the fundraising arm of Romney’s campaign, which is coming off its third straight month of raising more than Barack Obama’s campaign[4]. The campaign currently has $185.9 million socked away, but much of that cannot be spent until Romney is officially named the Republican candidate for president at the end of the month, during the Republican National Convention in Tampa Bay, Fla.

– 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. selected Paul Ryan: http://investorplace.com/investorpolitics/romney-selects-ryan-as-running-mate/
  3. $7.4 million in online donations: http://content.usatoday.com/communities/onpolitics/post/2012/08/mitt-romney-online-fundraising-paul-ryan-running-mate/1#.UCvZJ6PN6Sp
  4. raising more than Barack Obama’s campaign: http://investorplace.com/investorpolitics/romney-lands-second-100m-month/

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