The Republican primary is dragging on longer than Mitt Romney had hoped — and it’s hurting him. His poll ratings have begun to plummet, and his war chest is feeling the pain too. In January, he spent a whopping $18.8m while raising just $6.5m. His campaign still has $7.7m ‘cash on hand’, but you don’t have to be Rain Man to see that even that won’t last long at this rate. Of course, multi-millionaire Romney could easily self-finance his campaign (as he did in 2008), but that isn’t a story that would make his candidacy look strong. Even so, Romney does still have more than enough to outspend his rivals in the next key states, and he can still count on the ‘Restore Our Future’ Super PAC (with its $16.3m) to support him.
And Romney’s also getting some much-needed assistance from an unexpected quarter: the Ron Paul campaign.
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