Because the vast majority of his money came from big-money donors, not individuals. This works when they're making their initial bid for a spot at the table, but when they realize he's dumber than Palin excrement, they scatter.
WASHINGTON -- Despite a late entrance into the Republican presidential primary, Texas Gov. Rick Perry has reported an impressive $17.2 million in campaign donations from his Aug. 13 announcement through the end of September, according to a disclosure report filed with the Federal Election Commission on Saturday. A closer look at the numbers brings out some worrying signs for the one-time GOP front-runner.
The Perry campaign raised more money in the third quarter than that of the presumptive front-runner, former Massachusetts Gov. Mitt Romney, by a margin of $3 million and currently has more than $15 million cash on hand to lead the Republican pack. The haul is all the more striking as it came in just a month and a half, while Romney and the other candidates had a full three months to raise their third-quarter totals.
Like Romney, Perry is suffering from an inability to raise money from a broad base of supporters, usually measured by the number of small-dollar donors. Perry raised $13.4 million of his $17.2 million from donors giving between $2,500 and $5,000. He only raised $698,820 from donors giving less than $200, which was 4 percent of his total contributions, the lowest percentage for any current presidential candidate.
