July 6th, 2007
04:36 PM ET
12 years ago

Paul reports more campaign cash than McCain

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

soundoff (105 Responses)
  1. Jason, Richmond, VA

    CNN is just part of the self-serving problem.

    July 6, 2007 09:20 pm at 9:20 pm |
  2. Tara Callahan, Hillsboro, OR

    Ron Paul can't be bought like the other candidates. PLUS he doesn't except govn't matching funds! My husband and I donated as much as we were allowed because we believe in a smaller government and the Constitution.

    July 6, 2007 09:24 pm at 9:24 pm |
  3. Walt Deet

    I want to know/see if Ron Paul NOW gets more face time at the next debate, or will he still be treated "second-tier"?

    July 6, 2007 09:34 pm at 9:34 pm |
  4. Mitch Port

    Looks like you can't call him a "fringe" candidate anymore.

    July 6, 2007 09:43 pm at 9:43 pm |
  5. Mike, Old Bridge NJ

    Let 2008 be remembered as the year the people saved America!.

    Go RON PAUL!

    July 6, 2007 10:29 pm at 10:29 pm |
  6. Kyle Sanders

    Nice to see CNN at least respects the voice of the people when it's backed up by a couple million bucks. I'm gonna go donate another $50 to http://www.RonPaul2008.com and keep the momentum on the up-slope.

    Cheers from Oregon Veterans!

    Supporting Ron Paul is supporting the troops!

    July 6, 2007 10:31 pm at 10:31 pm |
  7. walter,fredericksburg VA

    So this quarter I`ll be throwing good money after bad?ha i love it!since i have a cash position in Dr Paul, I will continue to watch closely.

    July 6, 2007 10:41 pm at 10:41 pm |
  8. Robert Pylant, Austin, Tx

    WAY TO GO RON PAUL... guess all of us spammers just kept sending you *fake* money. I am a democrat and I support you both economically and politically – as a Constitutionalist you are SUPERMAN....

    July 6, 2007 10:53 pm at 10:53 pm |
  9. Sharree, Gold Canyon, AZ

    Ron Paul is the only Republican candidate running for president who is a true conservative and who believes in a constitutional government. He has never compromised his ethics or values. He has worked to try to keep us out of the mess we are in economically and militarily, understands what needs to be done to turn it around, and is the only candidate, regardless of party, that is willing to do it. Check him out for yourself on http://www.ronpaul2008.com.

    July 6, 2007 10:56 pm at 10:56 pm |
  10. Michael, Republic, MO

    It is imperative that we abolish the bogus banking, and Ron Paul is the man to do it.

    July 6, 2007 11:07 pm at 11:07 pm |
  11. Jim, Huntington Beach, CA

    Thank you for the post on Ron Paul. Glad to see him getting some coverage he deserves. Whether you agree with him or disagree with him, he gets the politics flowing and makes you think.

    July 6, 2007 11:21 pm at 11:21 pm |
  12. Lee, Tupelo, MS

    Ron Paul is the ONLY candidate that can beat Hillary.

    A majority of American voters will NOT vote for a Pro-War candidate.

    Paul is the GOP's only hope.

    July 6, 2007 11:43 pm at 11:43 pm |
  13. Proud American, Sarasota, FL

    Help the doctor!
    Join a meetup.
    Register as Republican.
    Get signs, t-shirts, bumperstickers,etc.
    DONATE! He needs more money!
    Ron Paul will be the NEXT President of the United States!

    July 6, 2007 11:46 pm at 11:46 pm |
  14. Matt, Anchorage, AK

    Nice to see some coverage of Ron Paul's candidacy. His message is what America wants to hear and He is what America needs. He is every American's candidate.

    July 7, 2007 01:01 am at 1:01 am |
  15. Michael and Katja, Vancouver, Wa

    Ron Paul has a track record of not being corrupt. That is amazing in a politician. That also might explain why he hasn't spent his money yet.

    July 7, 2007 01:03 am at 1:03 am |
  16. Adam, Seattle WA

    Thank you CNN for reporting this. I am still puzzled as to why the first sentence in all of your stories says he's a "long shot" or a "fringe candidate" That's not very fair reporting. Keep in mind that most of the other candidates have a several months to nearly a year head start on Dr. Paul and in the 3-months he's been a candidate, he's gone viral. Also, he has a very energized grassroots movement of people donating their energy, time and money into his campaign. Something most of the other Republican and Democrat candidates don't really have. They must pay staff and people to do the things Ron Paul is able to do for free.

    July 7, 2007 01:51 am at 1:51 am |
  17. James W., TX

    The article didn't mention Ron Paul's 17,000+ grassroots volunteers who are out spreading his message in various ways every day. No other candidate has such dedicated supporters and you can't put a price on that.

    July 7, 2007 01:52 am at 1:52 am |

    Good stuff.

    I'm glad to see Ron Paul getting all this support! After all, he deserves it!

    To All you nay-sayers and doubters, Don't belittle Ron Paul's accomplishment of 2.4 million cash on hand. It's a great accomplishment for a so called "bottom tier" candidate. He's now in 3rd place.

    The Ron Paul blitz has just begun. Prepare yourself.

    July 7, 2007 03:59 am at 3:59 am |
  19. Alan D. Price, Ph.D.

    In another article on CNN.com, I read the "exhilarating" news that Tommy Thompson was reporting an increase of about $145,000 (44%) over the money he raised in the first quarter, which was approximately $330,000. Yet, there was no mention of Ron Paul's quadrupling his first quarter results, as mentioned in this article. Ron Paul's 400% increase blows away Tommy Thompson's self-described "strong growth" of 44%. Or, is my math wrong?

    A better question is who really cares about this Thompson? And, as for his ghostly reflection, the apparitional, Fred (Flintstone) Thompson, apparently he cannot even raise enough money to compete with Ron Paul.

    My, what is this world coming to when grassroots support can outdo a corporate-funded candidate like McCain and incorporeal, fantasized candidate like Fred Thompson?

    July 7, 2007 04:21 am at 4:21 am |
  20. Mike, Corpus Christi Texas

    Paul is little known and simply will not be in the first tier of the Repubs. Ironically he almost sounds Democratic on many of the issues. But, people by and large don't know him. The repub front runner will be Giuiliani....

    July 7, 2007 04:30 am at 4:30 am |
  21. Michael, Buffalo, New York





    July 7, 2007 04:31 am at 4:31 am |
  22. J. Medica Phoenix, AZ

    Thank you for this article. I look forward to seeing more coverage of our next president in the future.

    July 7, 2007 05:20 am at 5:20 am |
  23. Holly, Houston, TX

    Frudy McRompson is the past, Ron Paul is the future. We are tired of the corrupt special interest politicians, we want principled politicians that work for the people! America is a democracy. Wake up!

    July 7, 2007 06:12 am at 6:12 am |
  24. DK Harrisburg, PA

    a guy in Philly says he's voting for Ron Paul............ that's funny, by the time the primaries make it to PA there will only be one candidate on each side left. Most of the country might as well stop believing thier primary votes means a damn thing until the system is revamped so that we all get a voice. Again next year it'll be decided by 4 or 5 states. The rest of us may as well sleep until then..........

    July 7, 2007 07:39 am at 7:39 am |
  25. Manuel, woodbridge, VA

    This is tremendous news! My friends and family are becoming more and more interested in Ron Paul. He has my vote.

    July 7, 2007 07:55 am at 7:55 am |
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