Romney Raises $24 Million in 4th Quarter

Mitt Romney is seen by some as the inevitable 2012 GOP presidential nominee. If wins in Iowa and New Hampshire weren't enough to cement that perception the Romney camp has followed up a convincing Granite State win with a strong fundraising report.

The Romney campaign announced on Wednesday that it raised $24 million in the 4th quarter of 2011, upping the total raised for the year to $56 million. The former Massachusetts Gov's campaign also has $19 million in cash on hand.

At this point during the 2008 presidential campaign Mr. Romney had lost the Iowa caucuses to former Arkansas Gov. Mike Huckabee and the New Hampshire primary to Sen. John McCain, while already spending at least $18 million of his own fortune on the campaign.

2012 is shaping up much better for Romney who won both Iowa and New Hampshire and has not needed to make a personal loan or contribution to his presidential campaign.

Jake Gibson is a producer working at the Fox News Washington bureau who covers politics, law enforcement and intelligence issues.