

This story goes right to what I wrote last night as “Financial Viability of Repbulicans” — Okay, let’s say Giuliani has $7 million on hand for the primaries (see below). That will last him about 4 days in the major primary states, his main strategic focus. He is effectively done. I seriously doubt he has raised any big cash since December 31st as nobody has even been thinking about Giuliani. Here is the brief article from CNN:
TOP GIULIANI STAFFERS GO WITHOUT PAY — CNN
MYRTLE BEACH, South Carolina (CNN) — CNN has learned that top staff members of Rudy Giuliani’s presidential campaign were asked to work without pay for the month of January, and perhaps longer, so that campaign resources could be focused on the Florida Republican presidential primary.
Two sources in the campaign, speaking on condition of anonymity, insisted the campaign was not in dire financial straits. A third campaign source, however, said “things are starting to get tight” and that “it was more telling than asking” the senior staff to forgo paychecks beginning the first of the year.
Another source disagreed, saying it was a “voluntary” move by senior staff members “so all of our resources could be targeted toward Florida…Our campaign is not living hand to mouth right now…”
The officials did not immediately provide a number of staffers who were subject to the new policy. Nor would campaign officials disclose the amount of money the campaign had in the bank.
UPDATE: The Giuliani campaign reports as of December 31 it has $12.7 million cash on hand, of which over $7 million can be used for the primary contests.
My favorite quote from above? This one ——-> “Our campaign is not living hand to mouth right now…” If that were true, wouldn’t you NOT mention it? Wouldn’t you say something like, “We have plenty of money in the bank for the long haul and to execute our 30-state strategy.”? You would say that if that were the case. It is not. The simple, stark truth is Giuliani has not been able to compete in any of the early states for lack of money. He has had to preserve ALL his money for Florida. Even if he does well in Florida, it will be at the expense of most, if not all, of his treasure. Then what? Giuliani has a choice. He either goes all out for Florida, thereby blowing the wad, or he conserves the cash through Florida, raise some money, and end up with say $5 million (best) for the 28+ big states of February 5th. $5 million would last him about one day in 28+ states. What does Giuliani have? Not a lot of options.
Say what you want about any of the other four Republicans, their messages, and Governor Romney’s message (which is by far the most substantive and conservative of all) — They are all effectively out of money. Okay, they each might win a state (probably not Fred), but then what? When and where are any of the four of them going to raise serious money fast? I am not a prognosticator and great predictor, by any stretch, but Governor Romney’s competitors are running on fumes. He is not.
Great tip from reader SGS ——-> Marc Ambinder on Giuliani running on fumes
See related story here ——–> POLITICO
However, we need to give him more juice to finish them off down the stretch. If you want to help, please contribute to his campaign.
~ Vic
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