
Rick Perry raised $17 million last quarter. Mitt Romney raised $14 million. Cain only raised a little under $3 million:
[M]oney-wise, [Cain is] still at the back. His take this quarter was roughly the same as the last, which either means his newfound name recognition didn't have time to kick in or that his supporters aren't reallysettled enough to want to open their checkbooks for him. But at least Cain can call on his pizza millions, right? Well, with a net worth of somewhere south of $6.6 million — which is plenty rich by most standards, but not by presidential campaign ones — he doesn't really have the Romney option of bankrolling himself.
Ed Kilgore compares the strengths of Cain's and Perry's campaigns:
What makes these numbers [showing Cain ahead in the polls and Perry behind] hard to interpret is the importance in Iowa of the money and organization needed to get supporters to endure a long, cold, winter evening of caucusing. Perry's got money and organization to burn; Herman Cain has neither at the moment, but as the current favorite of Tea Party supporters in Iowa and elsewhere, he does have enthusiasm, which was enough to propel Mike Huckabee past Mitt Romney in Iowa during the last cycle. The positioning of the field in Iowa will be crucially affected by whether or not Romney takes the bait and decides to go for broke there, aiming for the kind of early knockout blow John Kerry achieved among Democrats in 2004.
(Poll of polls, showing Cain tied with Romney, from Real Clear Politics.)