Say what? -- Cash Low, Romney Striving to Find New Large Donors

[janedrake]

http://www.nytimes.com/2012/09/21/us/pol...nted=print

Quote:Mr. Romney’s campaign took in $67 million that month but also spent about that much, twice the rate of spending as in any prior month, according to reports filed Thursday with the Federal Election Commission. More than half of what Mr. Romney raised in August was money he could not spend until after his party convention at the end of the month. And he grew so short of available cash that his campaign borrowed $20 million and sharply curtailed advertising, even while doling out post-convention bonuses to a handful of senior staff members.

Sounds familiar --

Quote:From Rolling Stone's, The Federal Bailout that Saved Bain Capital:

In fact, government documents on the bailout obtained by Rolling Stone show that the legend crafted by Romney is basically a lie. The federal records, obtained under the Freedom of Information Act, reveal that Romney's initial rescue attempt at Bain & Company was actually a disaster – leaving the firm so financially strapped that it had "no value as a going concern." Even worse, the federal bailout ultimately engineered by Romney screwed the FDIC – the bank insurance system backed by taxpayers – out of at least $10 million. And in an added insult, Romney rewarded top executives at Bain with hefty bonuses at the very moment that he was demanding his handout from the feds.

[jaxx]

That is funny....giving bonuses to staff for a bad convention. But like all CEO's Willard wants to keep his yes men happy.

[janedrake]

That's the way it seems to work in GOP-world - nothing succeeds like failure.