Skip to main content

If nothing else, the Romney team focused on raising money for years.   And they spent the money in some very classy and surprising ways.  You can glance through the reported disbursements here FEC Romney disbursements:

$22,255.22 - Ritz Carlton
$98,397.05 - Boston Headquarters
$  6,485.47 - Glorious Food
$55,160.02 - J.W. MARRIOTT WASHINGTON DC
$73,300.07 - MARRIOTT
$ 9,808.59  - WALDORF ASTORIA
$62,246.57 - WESTIN COPLEY   
$   583.00  - KOCH BROTHERS INC
$19,993.00 - GAVI'S CATERING
$75,923.96 - US SAFETY & SECURITY LLC
Back in August, 2010 Politico shared this research:

Politico: End Run: Romney's Crafty Financing

The maximum donation a person can give a presidential candidate under federal law is $2,400. Yet Edward Conard, a Mitt Romney supporter, has already donated $90,000 to the former Massachusetts governor’s campaign apparatus.

How is that legal?

Romney’s end run around the federal campaign finance rules is rooted in his status: He is a presidential aspirant, a hopeful, a wannabe. In other words, he is not yet an official candidate. And that’s what allows him and his campaign-in-waiting to straddle the boundaries of federal law.

It’s a loophole whose measure was tested and mastered by Romney in 2006, when he first established five state political action committees to underwrite the expenses of his federal headquarters and dole out money to local candidates in early primary states who could help his presidential quest.

Clever finance guy, that Romney.  Mitt demonstrates his acumen for pushing the legal limits of campaign finance in the same way he pushed the IRS limits.

Romney’s operation has the canniness of a veteran — and this cycle, it is breaking new ground in testing and besting the limits of state campaign finance laws as well as the federal rules.

In South Carolina, for instance, state law limits donations to candidates from PACs to $3,500 per election, which means a committee can give a local candidate a combined total of $7,000 for a primary and general campaign.

Romney’s team blew the roof off those caps when the five state committees and the federal headquarters gave maximum donations to GOP gubernatorial candidate Nikki Haley for a grand sum of $42,000, compliments of the Romney Empire.

Money talks and, if nothing else, Romney et al was rolling in money beginning in 2006.  Let's take a pictorial walk through history.

Perhaps we can learn a trick or two, or perhaps there are some items the Federal Election Committee might look more closely at.

Water under the bridge?  Perhaps.  However, I intuitively believe that sharper eyes than mine might notice that Romney's Super PAC and campaign seem to spend more on themselves, fundraising, and their friends consulting businesses than they do on campaign outreach.  Perhaps this is normal, I'm not that familiar with what a "normal" balance between expenses and outreach really is.  I'd like to learn.

Here are the Expenditures for Free and Strong America PAC, 2012 from open secrets.  Sadly, the same pie chart wasn't available, that I could find, for Priorities USA the pro-Obama PAC.

ROMNEY'S Free & Strong American PAC Expenditures

Only 30% was spent for contributions to candidates.  Most received a paultry $2,000!  Scott Brown MA received $10,000.

If there is anyone out there interested in a deeper look into Romney's finances, here's some links.

Here's 2010.  The PAC gave $10 to charity.  Only Roy Blunt* MO, and Scott Brown MA received the larger donations of $9,000. Rob Portman received $489.

Free & Strong America PAC Expenditures 2010

Free & Strong America PAC 2010

2008 PAC Summary Data  

Free & Strong Pac 2008

*Roy Blunt is the father of Matt Blunt, former Gov of Missouri who joined Mitt's son, Tagg's LLC, Solamere as a Senior Advisor.

Speaking of Tagg & Solamere.  

Tagg Romney's Solamere Partner Managed Romney's Campaign Finances as a Private Consultant!

Spencer Zwick has been Mitt Romney's right hand man since the 2002 Olympics.  He even looks like a Romney.  He joined Mitt in the Governor's office in Massachusetts, too.

Spencer created SJZ LLC to make it easier for the Romney campaign, Free & Strong America PAC, and others to funnel money to/through? him.

In 2007, SJZ LLC received  $51,244
In 2008, SJZ LLC received $232,794
In 2010, SJZ LLC received $730,630
In 2012, SJZ LLC received $587,678

OK, that's the money from Romney's Free & Strong America PAC.  SJZ LLC made chump change in comparison to its earnings from the Romney Campaign.  Again, according to Politico:

To keep his presence high and key campaign staff on the payroll after the 2008 presidential campaign, Romney re-named his Commonwealth PAC, a federal political action committee, and its five, corresponding state-based committees the Free and Strong America PACs.
Now for the Campaign Spending:

According to Open Secrets, the Romney Campaign spent $1,030,218,386 (Billion folks)

Romney's Campaign states that it also paid SJZ LLC $1,634,509 in it's February 2012 Federal Election Commission Disbursement Report - FEC Committee ID #: C00431171

Zwick's SJZ is one of only four entities that received over $1,000,000 from the Romney campaign coffers.  BETWEEN THE ROMNEY CAMPAIGN & the Free & Strong PAC, Spencer made well over $2,000,000.  I think he's under 35 years old, btw. Rambler, FLS, Target are the other three.  You will find the details in the FEC disclosure report above.

Wait?  Is it really over $9,000,000?

The New Republic:  The Campaign’s Biggest Buckrakers - Who’s getting rich in 2012.

Today, Zwick oversees fund-raising for Romney’s presidential effort. “He always laughs at Mitt’s jokes, which is a very important skill set,” notes Fraser Bullock, an Olympics and Bain Capital alum. Zwick’s company, SJZ, has been paid $9.5 million by the campaign.
Lastly, I am not the only one wondering what's up with the expense heavy, outreach light use of ROMNEY'S DONORS MONEY:
It is interesting to see how American campaign financing has become big business, especially for some of the firms on the receiving end of campaign dollars.  I hope that you enjoyed this little trip down campaign lane.  As time passes, I will update and repost this  information because an informed voter is a better voter.
From Redstate:  Campaign Sources: The Romney Campaign was a Consultant Con Job

From Breitbart: EXCLUSIVE - INSIDE ORCA: HOW THE ROMNEY CAMPAIGN SUPPRESSED ITS OWN VOTE

Washington Times:  Romney camp, super PAC share high-level aides Companies used as payment conduits

What do you think?

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site