Texas Rep. Ron Paul brings in over $5 million in 3rd quarter
September 30th, 2011
08:38 AM ET
11 years ago

Texas Rep. Ron Paul brings in over $5 million in 3rd quarter

(CNN) - Rep. Ron Paul's Republican presidential campaign brought in over $5 million the past three months.

The third quarter number is up from the $4.5 million the congressman from Texas raised in the quarter lasting from April through June. Paul presidential campaign chairman Jesse Benton confirmed to CNN the new fundraising figure, which was first reported by the Wall Street Journal.

Friday is the final day for candidates to fundraise in the third quarter. Final figures must be reported to the Federal Election Commission by October 15.

The fundraising tallies that the campaigns report are important, because in this period, before voters actually start voting in primaries and caucuses, campaign cash figures–along with public opinion polls–are seen as a gauge or barometer of each candidate's popularity and his or her campaign's strength and outreach.

Paul only trailed former Massachusetts Gov. Mitt Romney in the second quarter. Romney raised over $18 million from April through June. Romney will report raising between $11 to $13 million for the third quarter, according to a source with knowledge of Romney's fundraising.

Paul's raised much of his money from so called "money bombs," one or two day rushes of small dollar donations.

Paul, who's making his third bid for the White House, has been spending the money he's raising. Unlike most of the other candidates in the hunt for the GOP presidential nomination, Paul has gone up four times this year with paid ad buys on broadcast and cable television.

- Follow Paul Steinhauser on Twitter: @PSteinhauserCNN

Filed under: 2012 • Fundraising • Ron Paul
soundoff (22 Responses)
  1. Tex71

    Vote for Ron Paul if you want to return to the Victorian Age! "Oliver Twist", "David Copperfield", "Hard Times"...ahhh, those were the days! No pesky civil rights laws or annoying unions; a man could make his employees work 14 hours a day (their children work for free) without job-killling safety regulations, and punish them properly if they had the "owdacity" to beg for more! Those were the days when you could fire a laborer just for the fun of seeing his entire family in debtor's prison!
    Those were the days...(sigh) VOTE REPUBLICAN! VOTE RON PAUL!

    September 30, 2011 08:47 am at 8:47 am |
  2. Ellen

    I proudly donated to his campaign during his most recent money bomb. It says a lot that he receives more from active members of our military than any other candidate, INCLUDING Obama. He also may receive smaller gifts, but he gets those gifts from a greater number of people. RON PAUL 2012

    September 30, 2011 08:49 am at 8:49 am |
  3. Donkey Party

    Fools and their money parting ways (well, not really, the money is going right back to an old fool).

    September 30, 2011 08:52 am at 8:52 am |
  4. Robert

    I guess it's the value people associate with donating to Paul. Only one who will bring the troops home. Defend this country, not police the world. If you value those things–as well as Fed transparency, by donating to him you are getting an anti-establishment view aired in the public sphere in ways that couldn't be imagined 10 years ago.

    September 30, 2011 09:09 am at 9:09 am |
  5. Rudy NYC

    His number is very significant because he has an *increase* over the previous quarter. That is significant because this is the slow season, the summer is the quarter where everyone's fund raising typically takes a dip.

    September 30, 2011 09:13 am at 9:13 am |
  6. sector7

    I encourage everyone to question the polls. The CNN, Fox, Rasmussen, etc. polls that determine the frontrunners are phone polls of roughly 1000 people. That is less than one half of 1% of the voting population. How is that an accurate representation of the U.S. voting public? The straw polls are actually more significant due to the sample size.

    September 30, 2011 09:17 am at 9:17 am |
  7. UndeclaredWars

    Not a bad article. There is one small detail left out of this. Mitt Perry may get 15 million from 200 fat cats, while Ron Paul can get 5 million from thousands of small "grass roots" supporters. I think Ron's fundraising better represents the candidates' support than does the status quo.

    September 30, 2011 09:30 am at 9:30 am |
  8. Seattle Sue

    He still will never be President.

    September 30, 2011 09:30 am at 9:30 am |
  9. Bill L.

    Yeah Ron...keep going

    September 30, 2011 09:41 am at 9:41 am |
  10. marie rich

    But mainstream media deems him unworthy. Are the people going to let some corporations decide who should be the president?

    September 30, 2011 09:53 am at 9:53 am |
  11. Gmartine

    Nice haul for Dr. Paul. I wish I had more money to donate but times is hard. I think a big difference between Ron Paul and Mitt Romney is that Dr. Paul gets small donations from thousands of people and Romney gets thousands from a small amount of people.

    September 30, 2011 09:57 am at 9:57 am |
  12. David

    Unlike Romney and the other GOP Candidates none of Ron Paul's campaign contributions came from Wall Street, bankers or corporate big wigs. Ron Paul will be in no one's pocket except the American people.

    September 30, 2011 09:57 am at 9:57 am |
  13. Jilli

    $5 million? Wow there's a lot of rubes out there. Pauls got no chance, ever.

    September 30, 2011 09:59 am at 9:59 am |
  14. bb

    Unelectable on the national stage.

    September 30, 2011 10:11 am at 10:11 am |
  15. The RNC (Righteous Neanderthal Circus)

    Ron Paul proves the Repubs are a well balanced circus tent of crazy – but a really small white tent.

    September 30, 2011 10:16 am at 10:16 am |
  16. Mike K

    The fact that the bulk of Ron Pauls contributions come the form of small contributions from individuals speaks volumes about his grassroots support. Dr. Paul is far more popular than the polls indicate (has anyone reading this ever even participated in a legitimate national political opinion poll? Me either). His message of peace, prosperity and freedom certainly resonates with the people I discuss politics with.

    September 30, 2011 10:21 am at 10:21 am |
  17. Chris

    It's a good thing Paul's supporters are willing to put their money where their mouth is to support the cause of liberty... the major media are giving hundreds of millions of free publicity to the others running.

    September 30, 2011 10:23 am at 10:23 am |
  18. Anonymous

    Keep it up Dr. Paul!

    September 30, 2011 10:25 am at 10:25 am |
  19. Matt Draper

    dear CNN, by ignoring this candidate and not acknowledging civil liberties as a topic of debate, you are single handedly destroying the very concept of a fair election by the people of the united states. If you actually reported significant news, ron paul would be the only serious contender for freedom in our country. Thank you for destroying this nation and pushing the interests of your corporate owners.

    September 30, 2011 10:35 am at 10:35 am |
  20. kat

    Wow! People are idiots. Who in their right mind would want this clown to be President? I know he's better than what we have now, but come on... We do have other choices. I still think he's another Perot, just trying to throw the vote back to BHO. I smell a rat!

    September 30, 2011 10:41 am at 10:41 am |
  21. rs

    Unfortunately for Paul, the money won't matter. His positions simply aren't in sinc with today's GOP/TP (no war, he isn't an ardent enough of a fundamentalist Christian, etc.). The circular firing squad that will ultimately kill him off as a candidate will only serve to make the public sick of the GOP/TP sideshow in the meanwhile.

    September 30, 2011 10:44 am at 10:44 am |
  22. jonathan

    I wonder who the corporate donors are for Romney....

    September 30, 2011 10:45 am at 10:45 am |