Mitt Romney ended August with $50M in the bank

[brooklynite]

Source: Politico

Mitt Romney’s presidential campaign spent more than $66 million in August, ending the month with $50 million in the bank, new federal disclosure reports show.

Romney for America’s August expenditures were largely focused on paid media and production ($18.4 million), direct mail consulting, printing and postage ($12 million), travel ($ 4.5 million), online advertising ($3 million), payroll ($3.2 million), telemarketing ($2.3 million) and polling ($2.2 million), according to its report.

Read more: http://www.politico.com/news/stories/0912/81473.html?hp=r2

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$66 million in August? Talk about return on investment...

[DallasNE]

1. Where Did The Romney Money Go?

Early summer Romney had a big cash advantage over Obama and up until the conventions he continued to have a cash advantage. Many questioned whether Obama could remain competitive with his cash burn rate. Now, all of the sudden, Romney is the one facing cash problems. Where did the money go -- the Cayman Islands?

[wordpix]

2. He mismanaged it, plain and simple, so how will the RW explain THAT?

Waiting to hear more about what a genius he is at finances.

[Sophiegirl]

3. Oh c'mon!

He had to invest it overseas to save on taxes. It just takes a little longer and some red tape to withdraw it.