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Monday, April 25, 2011

Spring Brings Fundraising Frenzy For GOP Hopefuls

With the 2012 campaign starting several months later than it did four years ago, the contenders are under intense pressure to demonstrate their ability to bring in the dough before the slower summer season begins.

Mitt Romney is organizing a phone bank fundraiser in Las Vegas next month. Tim Pawlenty is holding regular "friendraising" meetings in big-money California and elsewhere. Haley Barbour hunkers down soon with finance operatives in cash-rich New York and other lucrative places.

Republican presidential hopefuls are in the midst of a fundraising frenzy as they seek to raise mounds of campaign cash and assemble influential donor networks. With the 2012 campaign starting several months later than it did four years ago, the contenders are under intense pressure to demonstrate their ability to bring in the dough before the slower summer season begins.

"Money is hardly the only indication of a candidate's potential, but it's an important indication," said Lew Eisenberg, a top Romney fundraiser who was finance chairman for Arizona Sen. John McCain, the party's 2008 nominee.

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