As the bell is about to ring announcing the first cut off of campaign fundraising, everyone is anxiously preparing to dazzle us with their thick wads of cash. However, according to Hotline, we need to pay special attention to the numbers released about fundraising:
In an internal memo sent this morning to ex-MA Gov. Mitt Romney’s top fundraisers, campaign chief counsel Ben Ginsberg delivers a stern warning: look extra carefully at those breathless reports about what Romney’s opponents might have raised.
Why? Because some campaigns, trying to work the refs, will release a single number to the media early next week. But most major campaigns – all of the top six except for Romney – are simultaneously raising money for the primary contests and for the general elections. Low hanging fruits are being squeezed twice. But that general election money shouldn’t matter at all right now – it has no bearing on the primary and if it’s reported as part of the overall total, it’s downright misleading.
As Ginsberg writes, “This money will artificially inflate totals, but it is meaningless in gauging current strength since not one penny of a campaign’s general election funds can be used in the primary.”
Read the whole memo here.