Republican presidential contenders had only raised $35 million by June 30th this year, a paltry sum compared to the $118 million the GOP field raised by the same point of the 2007-2008 campaign, according to the Washington Post.The startling discrepancy reflects a well-documented lack of enthusiasm among Republican voters (and the establishment) for the roster of candidates that have emerged thus far.
Mitt Romney—whose second-quarter total of $18 million comprised half of the Republican field’s fundraising overall—has collected only half the amount he had by this time in 2007 (when he used his own fortune to kickstart the campaign), and far below the $50 million his team expected to raise.
Republican donors may still be anticipating the entry of Rick Perry or Sarah Palin into the race, though some doubt whether the money would turn up even then.
“Everyone is looking for Superman,” Brian Ballard, a former John McCain donor, unaffiliated so far in the 2012 race, told the Post. “I don’t think there is any other candidate who is going to come in and change the ultimate result, although Governor Perry could raise money.”
While some have tried to dismiss the dismal numbers as indicative of a weak economy, President Barack Obama and the Democratic Party are expected to exceed their stated goal of raising a combined $60 million when they report second-quarter totals later this month.
According to the Post, the Obama re-election campaign has raised money from more than 480,000 donors, double the number from this point in 2007. Of course, this time around Obama enjoys the luxury of having the Democratic field entirely to himself, and began raising asking for money well before any GOP candidates even entered the race.
NOW WATCH: Briefing videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.