Saturday, April 2, 2011

Stunning Fact: Rep. Bachmann Leads GOP Presidential Fundraising Race

Rep. Michele Bachmann raised $2.2 million in the first quarter, outpacing former Massachusetts Governor Romney's $1.9 million. Representative Bachmann has proven that she can raise eight figures for a US House race, primarily with small donations through the internet.

What does Bachmann's strong fundraising quarter mean?

Possibly a lot if former Texas Senator Phil Gramm was right when he said famously: "The most reliable friend you can have in American ready money."

Or possibly not much at all if the future repeats the past of John Connally, the Former Governor of Texas and Secretary of the Treasury, who raised the most in 1980 and fizzled expensively in the GOP primaries.

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