Romney Starting to Lose Donations

A couple weeks ago I wrote about the risk for Mitt Romney that if he continues to look like a candidate that isn’t going to win, money might start to flow toward Obama. But it looks like donors are starting to shift money not to Obama but to Republican candidates for the House and Senate.

The trend isn’t at the acute stage, at least not yet, said one person with direct knowledge of the matter. This person, a major player in Romney’s New York fundraising circles, confirmed to FOX Business that a few New York donors have backed away from financial commitments to the Romney campaign and instead said they will spend their money to help the Republicans hold on to the House of Representatives, and pick up seats in the Senate.

But another person with direct knowledge of the matter says the trend, though nascent, is more geographically broad based, and reflects an increasing degree of anxiety both with what they believe is the tentative nature of the Romney campaign, and recent poll numbers that show President Obama with a lead, particularly in key battleground states, that some Republican contributors are starting to believe is insurmountable.

“This isn’t just a New York trend,” this person said. “It’s beginning to occur all over the place.”

This may also happen with the big third party groups, like Karl Rove’s Crossroads organizations, which could decide that the presidential race is hopeless and their money is better spent holding on to the House. I wonder if Wednesday’s debate might change that dynamic.

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