Thursday, January 15, 2015

Mitt Romney's Potential Bid Put's Many GOP Big Donors in Holding Pattern

For big Republican donors, Mitt Romney's announcement he wants a third shot at the presidency means they are spoiled for choice when it comes to "establishment" candidates.
For the potential candidates, including Jeb Bush and New Jersey Gov. Chris Christie, it will mean a scramble for donors' loyalty.
"They're all going to be after all of us,'' says Ken Langone, Home Depot founder and a major GOP fundraiser.
Romney told a group of about 30 Republican donors last week that he is considering a third run. His potential bid is "very real,'' former George W. Bush communications director Nicolle Wallace said Sunday on ABC's This Week.
Romney's move "holds a lot of people in place for a while," said Fred Malek, a veteran Republican bundler.
Bobbie Kilberg, a Republican fundraiser in Virginia who helped Romney's 2012 campaign said: "There is a finite base of donors who are also fundraisers and bundlers. The pressure on those people will be more intense for them to commit to someone."
[...]
... Bush can draw on a broad, decades-long network of fundraisers who backed the presidential campaigns of his father and brother, but he has been out of office since 2007 and his brother since 2008. Despite Bush's deep ties to the Republican Party's political establishment, Kilberg said: "I think it's much easier for Romney to flip a switch and reactivate a political and fundraising organization than it will be initially for Jeb." ...
Read the rest of the story HERE.

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