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He released a video making his case against president obama. >> president obama's policies have failed. he and virtually all the people around him have never worked in the real economy. they just don't know how jobs are created in the private sector. that's where i spent my entire career. >> the timing of romney's announcement raised eyebrows among some political insiders since it came the day before the fifth anniversary of massachusetts' sweeping health care law which he signed as governor. joining me, michael sphere, and marcus scott. explain why the coincidence of the health care law anniv...

Quarter this year about a little less than $2 million. i don't think that he's going to have anywhere near the kind of success raising funds that would be required to scare anybody off. i think we need to keep our eye on somebody else that nobody else is really expecting, somebody like rick perry from texas. i think this is going to be the year conventional wisdom has no place in american politics now and it is time we'll have some surprises. >> we in cable news are always up for surprise, give us something new to talk about. michael, mark, gentlemen, thank you very much. appreciate your time ...

Obscure perhaps the discussion about the relationship between obama care and romney care. i don't think it did that, but that perhaps was the thinking behind it. >> well, and we still have a year and a half or so to go where there is opportunities for people who want to take him on in the primaries to make that a target. we wait and see if that happens. michael, here he's the second major candidate to set up this exploratory committee. tim pawlenty is the first. who is getting most attention right now, hello, look at donald trump. look at the poll, mitt romney gets 21% of the potential support...

Convention for him to make a mistake. he will make mistakes. >> how important, michael, is the fund-raising at this point in time? if you're mitt romney, and you're going out there and you're trying to add to the war chest, how crucial is it to do that in a big way right off the bat? >> well, i think it is real important. mitt romney has the advantage of having a personal fortune, which he dipped into to the tune of $45 million last time around. who knows whether he can do that again this time. but clearly he's going to spend some of his own money, but part of what money does is scare other po...