Romney Fundraising in Traditionally Liberal Cities: Report

(Newsroom America) -- A new campaign finance analysis found that presumptive GOP presidential nominee Mitt Romney has been raising cash from traditionally liberal cities as he continued to outpace President Obama by comfortable margins in each of the past three months.

The analysis by The Associated Press found that Romney has collected as much as $630,000 from New York City, home to one of his foremost fundraisers, New York Jets owner Woody Johnson. The AP said more than $100,000 of that total came from investment bankers, many of them disenfranchised by Obama following his criticism and so-called reform of the financial sector.

Some of Romney's campaign cash has even come from the famously liberal Castro neighborhood in San Francisco, AP said, as well as Manhattan. Romney is also making inroads into other liberal cities, such as Austin, Texas, and Obama's hometown of Chicago.

By mid-summer, the analysis found that Romney collected at least $350,000 since June, with contributions averaging around $400 each.

The GOP contender, who named Wisconsin Congressman Paul Ryan as his running mate earlier this month, has been out-raising Obama since May. In July, the Romney camp took in $25 million more than the Obama reelection effort.

Political analysts expect money to be a key factor in the race, which many expect to exceed $1 billion.

Obama, whose initial campaign in 2008 raised a staggering $750 million, has publicly acknowledged he is likely to be outspent by his Republican rival.

The Romney campaign has set an ambitious goal of raising $800 million for his election.

© 2012 Newsroom America.

Newsroom America Twitter Feed