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Are Romney's Fat Cat Donors Beginning to Abandon Ship?

Report: GOP big spenders shifting focus to downticket races
 
 
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The latest sign that the Romney campaign is losing serious steam? Top donors may be in the early stages of shifting their resources elsewhere.

A report in Fox Business of all places suggest that these fleeing financiers are the first dominoes to fall and predicts a "mass exodus" of  money from Romneyland if the debates this week don't seriously tighten up the polls.

Two anonymous sources "with direct knowledge" spoke to Fox Business. One in New York said the problem was just beginning, but that some major players were turning their focus to downticket races where a chance still remained.

 

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 it's not just happening in New York:

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.

Where the polls go, the donors follow, and so does the race. The more donors believe the problem is insurmountable, the more it becomes a self-fulfilling prophecy and the campaign begins to collapse on itself. One major caveat, though: Karl Rove's "Crossroads" SuperPACs are preparing a spending blitz, their "deepest saturation" yet, according to POLITICO:

American Crossroads and its affiliate Crossroads GPS are going up today with their biggest paid media push so far in the 2012 cycle, with a $16 million one-week buy on TV and radio in eight presidential battlegrounds and four Senate contests, POLITICO has learned.

 

Sarah Seltzer is a freelance writer based in New York City. Her work has been published at the Nation, the Christian Science Monitor, Jezebel and the Washington Post. Follow her on Twitter at @sarahmseltzer and find her work at sarahmseltzer.com.

 
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