Big GOP donors taking time to get into 2012 race

WASHINGTON (AP) - The potential White House candidates need cash.

But donors aren't eager to shell out until the hopeful prove they're credible.

Which they can't - until they have the cash lined up to start their campaigns.

This explains, in part, why the 2012 Republican primary race has yet to begin in earnest.

Less than a year before the lead-off primaries and caucuses, many of the Republican Party's biggest fundraisers aren't aligned with any one candidate and many are holding back to see who emerges as a front-runner in a field that lacks one.

Four years ago at this point in the campaign, Republicans hoping to succeed President George W. Bush were on the road in Iowa, New Hampshire and South Carolina, and their fundraisers were burning up phone lines to pay for the frequent trips.

Not this time.

All-but-certain candidates Mitt Romney and former Minnesota Gov. Tim Pawlenty have lined up pieces of their fundraising teams; others are moving more slowly. None is eager to start spending.

"It's an open field," said Mel Sembler, a real estate mogul and former RNC finance chairman.

Romney "is out lining up his supporters around the country. He'll be formidable but that doesn't mean he's walking away with this thing,"