Paul raised $2.4 million in the second quarter.
WASHINGTON (CNN) - He's considered a long-shot to win the GOP presidential nomination, but Texas Rep. Ron Paul is boasting more cash-on-hand than Arizona Sen. John McCain's struggling presidential campaign.
The Texas Republican raised nearly $2.4 million in the second quarter, and, after all expenses, has a total amount of $2.4 million cash-on-hand, campaign spokesman Kent Snyder tells CNN. Paul raised $640,000 in the first quarter of 2007.
Snyder added that nearly all of Paul’s warchest was raised through the Internet.
Earlier in the week, former New York City Mayor Rudy Giuliani’s campaign announced having $18 million in campaign cash, $15 million of which may be spent on the primaries. Former Massachusetts Gov. Mitt Romney's campaign announced a warchest of $12 million for the GOP nomination fight.
Arizona Sen. John McCain, once the early favorite to win the nomination, reported raising a disappointing $11.2 million in the second quarter with only $2 million cash on hand - $400,000 less than Paul. His campaign said his support of immigration reform legislation hurt his fundraising ability.
Paul, with only 11 staffers on his campaign, runs a frugal campaign. The Texas Republican rarely travels to key campaign states. Snyder said the campaign is expecting to expand into additional states in the near future.
Paul registered 2 percent in the latest CNN/Opinion Research poll conducted June 22-24.
– CNN Ticker Producer Alexander Mooney
Will cnn now start covering the "longshot" now that he is getting more and more support than front runners?
Probably not because Ron Paul winning is the worst thing that big media can have happen.
Its no surprise he's frugal with his campaign just look at how frugal he is in congress. He is one of the last true conservatives left in Washington.
"Paul, with only 11 staffers on his campaign, runs a frugal campaign. The Texas Republican rarely travels to key campaign states." Sounds like that $2.4 million is money well-spent.
Very impressive. Ron Paul is a rising star, and McCain is sinking. Frudy McRomson represents the special interests, and Ron Paul represents the people. The choice is clear.
Ron Paul, has the votes to back up his conservatism. Never voted to raise taxes. Always votes for less government and is for more individual freedom and responsibility.
The Republicans are waking up to the fact that Paul is the only guy who can save the party and potentially defeat a Democrat in the general election.
The rest of us have known for quite some time that Paul is the only sane choice. America is a big country, and it takes a while for people to wake up, but they are. The more the people see and hear from Paul, the more they realize the Message is the right one. And this is the right time.
Rock on, folks. Keep spreading the message.
This is great.
CNN, regarding the last sentence in your article: "Paul registered 2 percent in the latest CNN/Opinion Research poll conducted June 22-24."
Post your poll online and let the people speak. YOU WILL HEAR US.
Ron Paul R[evoL]ution!
Ron Paul 2008!
Do we really want a president who demonstrates the greatest ability to spend money? The USA is going broke by politicians spending OUR money! We need someone who achieves the most for US while spending the least amount of OUR money! GO RON PAUL!!!
Congratulations Dr. Paul!!
Ron Paul's message of Hope for America is truly resonating with people from all walks of life.
When all the other candidates are jockeying for special interests and inhereting bush's neocon crown , Ron Paul remains the only true conservative in the race.
Heres his website for people who want to know more about the only true defender of liberty we have left: http://www.ronpaul2008.com
i continually get more and more ill to my stomach over how it seems the amount of money candidates raises REALLY matters that much. Sigh, guess it does in the new USA 4.0
I love the way CNN spins the story in the FIRST sentence.
The good thing is that Dr. Paul is gaining enough support and money that the media cannot possibly continue to pretend that he doesn't exist.
For those of you that are suprised that he is in 3rd place in terms of cash on hand, do a little research. He's an honest man with a proven voting record. He's the best man for the job.
It's about time Ron Paul gets some frontpage coverage. Echoing a comment above, Paul is truly the only hope for the Republicans to maintain the slightest bit of integrity in their candidates.
It's true...he is the only Republican that can defeat the Democrats in the general election.
However the Republican conservative "base" does not consider him a serious candidate.
Too bad, I guess they would rather lose and have the Republican party die a slow inevitable death.
Ron Paul is only a "longshot" because the media calls him that. Outside of the media he is doing rather well. If you have watched the Republican debates you would already be a Ron Paul supporter. Ron Paul won both the polls performed during the debates. To those who actually pay attention to issues, he is a fantastic candidate.
Ron Paul is an honest and transparent presidential candidate. What he says he means, and he uses logic and history to come to his conclusions.. not special interest dollars. What a novel idea!
Just because all of Ron Paul's supporters have given the maximum of how much they can contribute doesn't mean he isn't a long shot anymore. Ha if you people think 2 million dollars will win him the election then you are in more trouble than Ron Paul at a U.N. meeting.
A man of great courage! I'll bet that the neo-cons will try to keep all of the republican canidates in the debates for as long as they can. That way they will ensure Paul less speaking time. The last thing the neo-cons, the media, and the corporations want is to give this guy more speaking time on the tube.
Way to go Ron!
Gee, CNN, couldn't even bare to put his name on the front page, could you?
What is it about Ron Paul's vision of freedom, liberty and the American way that has you so scared?
Ron Paul has my full support. He is an amazing person, very brilliant and ready to protect our personal freedoms unlike Bush & Co.
RON PAUL2008! You've got my Vote, sir.
So, looks like the longshot has some support after all. Better yet, it's lots and lots of small donations, from actual honest-to-god people – and not from special interests.
Perhaps some coverage is in order CNN?
Go Ron Paul Go.
Dr. No makes his move...
Ron Paul 2008 is the man for me!!!
Brief Overview of Congressman Paul’s Record:
He has never voted to raise taxes.
He has never voted for an unbalanced budget.
He has never voted for a federal restriction on gun ownership.
He has never voted to raise congressional pay.
He has never taken a government-paid junket.
He has never voted to increase the power of the executive branch.
He voted against the Patriot Act.
He voted against regulating the Internet.
He voted against the Iraq war.
He does not participate in the lucrative congressional pension program.
He returns a portion of his annual congressional office budget to the U.S. treasury every year.
Congressman Paul introduces numerous pieces of substantive legislation each year, probably more than any single member of Congress.
Learn more about Ron Paul at http://www.ronpaul2008.com
or go to Google Video or YouTube and search for "Ron Paul"
Ron Paul is my hero. He's the only candidate talking about the importance of individual liberty and our Constitution. I'm going to be donating as much money to his campaign as I'm allowed and I hope other will do so too.
We need a Frugal Prez!!!
Very glad to see this making the ticker, its definitely a substantial story. I hope this will lead to improved coverage of Dr. Paul and some increased fundraising.
Check out http://www.ronpaul2008.com/issues/ and see what Ron Paul stands for.
I've voted for president in every election since 1980, this is the first chance I've seen to vote for someone that I truly support, and not for the lesser evil.