Is Romney the Front-Runner

It's going to take a large sum of money to run for and possibly become the next President of the United States. With Mike Huckabee and Donald Trump both deciding not to seek office, Republicans are scrambling to find a front runner. If money is any indication, they might have found their man.

Mitt Romney reportedly raised more than 10 million dollars in just 8 hours on Monday. Over 700 supporters got together in Las Vegas Monday to call donors in order to raise money for Romney's campaign. 8 hours later, supporters had raised $10.25 million dollars which is very impressive. Here are some other details from Politico:

Romney’s total haul for this quarter, to be revealed in July, will be revealing. One fundraiser here said assuredly that the Republican would raise $40 million, a sum that could give him a financial advantage so strong that it partly compensates for his considerable weaknesses.

What are those weaknesses? Well, for one, his stand on Health Care will probably hurt him with the conservative base. Remember my post on RomneyCare? Yeah, that will come back to hurt him.

More from Politico:

If he’s willing to self-fund, Romney could dwarf the competition financially. Jon Huntsman, like Romney a wealthy scion, has said that if he runs he won’t put in his own money. Tim Pawlenty isn’t independently wealthy and may not even raise this quarter what Romney did Monday. Michele Bachmann and Sarah Palin could raise significant cash online and through direct mail, but would have trouble putting together the network of bundlers necessary to put up Romney-level money.

Then there’s Mitch Daniels, who is still mulling whether to run. With the support of some Bush family loyalists and friends he’s made through decades of working in national politics, the Indiana governor could offer some of the stiffest competition to Romney.

And it was clear, in not-for-attribution conversations with donors here, that Daniels is the one Team Mitt is eying.

So, is Romney the GOP front-runner? Not yet, but the more money he raises, the more likely he will become the front-runner. It also helps that so far, the GOP field is pretty week.