Perry fundraising plummeted as campaign faltered

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Associated Press

Posted on January 31, 2012 at 4:55 PM

Updated Wednesday, Feb 1 at 5:05 AM

AUSTIN, Texas (AP) — Rick Perry's final 2011 fundraising totals are in — and they show donors turning away from him in droves as his campaign for president faltered.

The Texas governor raised barely $2.9 million between Oct. 1 and Dec. 31, after raking in more than $17 million in just his first seven weeks of campaigning.

Perry entered the race in August and became an almost instant frontrunner. But his popularity slipped in September, and a series of debate flubs hurt it even more.

Perry's report Monday to the Federal Election Commission shows he spent more than $16 million from August through December.

It says Perry had nearly $3.8 million cash on-hand as of the end of 2011. But he likely spent a large chunk of that before quitting the race Jan. 19.

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