(CNN) – Presidential contender Ron Paul raked in $4.5 million in the month of January, the Texas congressman's campaign announced Monday.
The candidate, who is running behind frontrunners Rick Santorum and Mitt Romney in national polls, has $1.6 million in cash-on-hand funds, according to a press release put out by his campaign. The $4.5 million figure did not include money raised in Paul's most recent "money bomb," which the campaign said pulled in $1.7 million.
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While Paul has enjoyed fervent backing from supporters drawn to his libertarian stance, he has yet to place first in a presidential nominating contest, and has spent less on television ads than his competitors. Paul has said he plans to compete in states holding caucuses, and in smaller primary states where campaign costs could be kept low.
Paul has received help from a super PAC supporting his candidacy, Endorse Liberty. PayPal co-founder Peter Thiel donated $1.7 million to the group in January, according to disclosure documents filed with the Federal Election Commission.
In a statement, Paul's national campaign chairman said the numbers reflected the candidate's strong base of supporters.
"Naturally we're pleased that our growing support base continues to generously support Ron Paul, so in turn he can spread his message of constitutionally-limited government, sound money, and a foreign policy that keep America safe," Jesse Benton said. "Ron Paul is the only Republican candidate who can defeat Barack Obama. And, he is the only one prepared for an exhaustive 50-state campaign in terms of organization, ballot access, and fundraising stamina."
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What will be the conspiracy storyline when Paul loses another contest? Any takers?
ignore him all you want, media. This supposedly 'unelectable' man is increasingly becoming the common sense choice of the people- ESPECIALLY the people in uniform
Question for the Paul supporters –
What does he do with his money? I've NEVER seen or heard an advertisement of his. EVER.
Keeping on pushing old man, you are in there, REALLY
Steve- largely depends on what state you live in
Paul conceded all of the winner-takes-all primary states a couple of weeks ago. Doesn't sound like a "50 state" campaign to me.
I've read that Paul stands the best chance for upsetting Obama. Isn't that what Republicans want?
Ron Paul is the only candidate who speaks with any sense or conviction.
The Rethugnicans and Obama work for the MAN.
Just compare what they all say about Iran.
Ron Paul is the only one who tells it like it is.
Follow the money... Who would ever offer this old isolationist money to run yet another losing campaign? His problem has always been the same – he offers solutions that appeal to people too simplistic to understand the complexity of the problems. Destroying our federal governmant and reducing our military to a ghost force will not solve America's problems in this diverse, interconnected world. It makes good sound bites for kids and the feeble-minded, but anarchy is not the solution to our problems.
There are advertisements out there, unless you expect to be hand fed everything go research it. There will be no need for conspiracy storylines, rather an explanation of how the other candidates beat out Ron Paul nationally, in seeing he has 800k likes and followers on facebook and santorum has 145k. So where is Rick getting his votes from? I know facebook numbers arent totally reliable and/or accurate, but its the same case when santorum almost won the iowa gop this year with like 40k votes!!! haha he only had 35k likes on facebook...thats not wierd..