Ron Paul builds war chest
October 5th, 2011
01:58 PM ET
11 years ago

Ron Paul builds war chest

Manchester, New Hampshire (CNN) - Republican presidential candidate Ron Paul pulled in more than $8 million in fund-raising during the third quarter, his campaign announced Wednesday.

The Texas congressman, who is known for his ardent supporters, accomplished a rare feat in building on his second quarter totals. He raised $4.5 million in the second quarter.

In a statement Paul's campaign said the money came from 100,000 unique donors, a figure they said is five times the number of donors who gave to Texas Gov. Rick Perry.

Paul, who is making his third bid for the White House, is counting on grass roots support to power his primary bid. He raised much of his money from so called "money bombs," one or two day rushes of small dollar donations.

Perry, who entered the race less than two months ago, raised $17 million for the quarter, his campaign said Wednesday. Former Massachusetts Gov. Mitt Romney will report raising between $11 and $13 million over the last three months, according to a source familiar with the tally.

Candidates have until Oct. 15 to release fund-raising totals, although the quarter ended last Friday. A large haul is one way a campaign can show strength heading into the fall campaign season.

- CNN's Peter Hamby and Paul Steinhauser contributed to this report.

Also see:

Romney picks up new backers

Perry brings in $17 million in third fundraising quarter

State of the race without Christie

Filed under: 2012 • Fundraising • Ron Paul
soundoff (32 Responses)
  1. Joe

    About time Ron Paul gets recognition. This amount will only go up as the fourth quarter approaches. The fact that he has 100,000 unique donors shows that he has the most CAMPAIGN support versus Romney and Perry, who are both backed by big corporations and wealthy folk.

    October 5, 2011 02:04 pm at 2:04 pm |
  2. Larry L

    People wasting their money on an anarchist who offers solutions that may have worked in the 1950s but could never work today. He knows what's wrong with America but his solutions would destroy America. I'll pass...

    October 5, 2011 02:05 pm at 2:05 pm |
  3. Bill

    This is great stuff for the dems. Paul will continue to be a spoiler, siphon support from others and drag the nomination batlle into next Spring. Go Ron Paul!

    October 5, 2011 02:08 pm at 2:08 pm |
  4. Woman In California

    Talk about a waste of money.

    I wouldn't vote for this angry, twisted little man if I had to. He is by far the worst person running. To radical and far too extreme in his beliefs. When will people finally realize this?

    October 5, 2011 02:11 pm at 2:11 pm |
  5. Robert

    @Larry L: If you take an honest look at our debt and at our endless wars and we may actually be in the act of destroying the American Dream you seem to cherish. What can be more American than defending the Constitution and protecting the lives of our young (who are sucked into wars)? Give me Liberty or give me....the status quo. It's time to wake up, folks.

    October 5, 2011 02:12 pm at 2:12 pm |
  6. Warrior

    A lot of Dr Paul's donors are active and retired soldiers. Military memebers love Ron paul and so do I

    October 5, 2011 02:12 pm at 2:12 pm |
  7. Steven

    @Larry L. Yea, I guess more of the same is better. ANY other choice is more of the same. Even if you agree with half of what Ron paul says-at least you know he'll do what he say's and say's what he means.
    So go-a-head, Stick with the status quo. There are many, many, many more people out there than you think that wants different. And we'll get it.

    October 5, 2011 02:14 pm at 2:14 pm |
  8. DeathTOCorporateMedia

    Larry you are misinformed. He is the only candidate talking about the military industrial complex, the destruction of our currency through the illegal policies of the federal reserve, the dangerous unintended consequences of meddling in the internal affairs of other nations, and the dangers of cronyism. You want to dismiss him? Shame on you. He is the only real candidate running for the POTUS in 2012. In 20 years when America is decimated from perpetual war and the destruction of her currency we will look back as a nation and realize we should have taken the gentle old man from Pittsburgh more seriously. Now is our time America. We need to get behind him

    October 5, 2011 02:15 pm at 2:15 pm |
  9. Paul

    Larry L: How about explaining how his policies would destroy America. If his solutions would work in the '50s, they would work today. As a matter of fact, they would be BETTER today.

    I wish he would cut the noose around his throat calld the Republican Party and run as an independent. He would easily beat Obama and force a runoff against whomever the Republicans can prop up.

    October 5, 2011 02:15 pm at 2:15 pm |
  10. bluedogboy

    A nasty, mean-spirited person. Ron Paul is a vile human being. He will NEVER be President. He'll probably be dead in a couple years anyway. His followers are buffoons.

    October 5, 2011 02:17 pm at 2:17 pm |
  11. Wire Palladin, S. F.

    Now why would an anti government Libertarian be accepting government printed money? Shouldn't he just accept coupons printed by grocery stores, gas stations, and businesses?

    October 5, 2011 02:18 pm at 2:18 pm |
  12. Mark Smith

    I'd like to see a comparative tally of the number of financial donors to each of the candidates that DOES NOT include donors from each candidate's home state. Based on Perry's campaign saying that 49% of his 22,000 donors are from Texas, that means he only received contributions from roughly 11,000 donors from the rest of the country. I haven't yet seen a similar breakdown of Paul's donors, but it seems likely that most of his donors are not from Texas. Even if half of them are (in the absence of data, it's hard to assume anything), his number of nationwide donors would still dwarf Perry's.

    October 5, 2011 02:19 pm at 2:19 pm |
  13. AntiFringe

    I have mixed feelings about Ron Paul. I'm just wondering if I need to own a bunker, guns, ammo, and food stockpile in order to support him?

    October 5, 2011 02:19 pm at 2:19 pm |
  14. Anonoped

    Ron Paul is popular because he points out America has become an immoral bully, drunk on its own power. Oh and America has spent all its money, its children's money and probably its gran-kids too.

    October 5, 2011 02:20 pm at 2:20 pm |
  15. Mike

    Larry L says "He knows what's wrong with America but his solutions would destroy America" Let me get this straight by not following the Consitution is why America is at this point, so following the Consitution again would destroy America? It would be rough for people depending on Government but things would have been better by now if we took the advice the Founders and Paul.
    He warned about the crash of '08 years before it happened when everyone else was telling the country everything is fine.

    Restore the Republic

    October 5, 2011 02:22 pm at 2:22 pm |
  16. SC

    Ron Paul supporters are educated beyond their television and vote for ideas not who is the coolest. Ron Paul support comes from average, hardworking Americans. Perry and Romney support comes from giant corporations (think Goldman Sachs)

    October 5, 2011 02:22 pm at 2:22 pm |
  17. Wire Palladin, S. F.

    I do not understand why Ron Paul needs money. There must be a church somewhere or a small business that will provide for all the money he needs.

    October 5, 2011 02:26 pm at 2:26 pm |
  18. Rudy NYC

    Dr. Paul has some sensible, practical sounding ideas. Unfortunately, they are balanced by some nonsensical, radical ideas.

    Dr. Paul is correct to want smaller government. Most moderates and liberals actually share the sentiment. But, Dr. Paul feels we do not need a military if he thinks we can cut that budget by 90%. I am shocked to hear a doctor say that regulations that define a minimum standard of safety and excellence are not needed. His vision is one of a peaceful anarchy. Too bad there are too many guns out there to make that possible.

    October 5, 2011 02:26 pm at 2:26 pm |
  19. Rudy NYC

    Mike wrote:
    He warned about the crash of '08 years before it happened when everyone else was telling the country everything is fine.
    So, did I make the same warning. Back in 2003, I even predicted that the crash would come just as a 2nd Bush term would end. It should have been obvious to anyone paying attention.

    BTW, the only people saying everything was fine was the Bush administration. I recall Democrats fighting against the path of massive deficit spending that Bush was setting the country on. It was obvious that any economic downturn could be potentially crippling because it would multiply the annual deficit.

    Besides, if tax cuts and deregulation are so great for economic growth, why is it that we went from 19 million manufacturing jobs in 2001 to 11 million manufacturing jobs by 2007? Those were supposed to have been the boom years of the Bush economic policies, which they were for people at the top. Dr. Paul advocates those same policies, so how is that going to fix our current problems when those policies have proven to be at the root of our current economic woes? It bankrupted the middle class, the economic engine of our economy.

    October 5, 2011 02:37 pm at 2:37 pm |
  20. Mike

    I love how people think he is nasty and evil when he is the only canidate that can back up his story with 30 yrs of honesty. The arguements are weak. Oh he is nuts, oh he is old, oh he will be the downfall of this country. But wait he is nuts. He is a honest politician. He is old, old enough to remember what made this country great. And oh he will be the downfall of this country. He just plans on making it for the people again instead of the select few. The facts about him are so disrupted and distorted that people just dont get it. Like no military from Rudy NYC. This is not true. He believes in a very strong defense. Just not paying for 135 countries defense but are own. Let the fires rage on one vote at a time.

    October 5, 2011 02:38 pm at 2:38 pm |
  21. SC

    @Rudy NYC – Ron Paul believes strongly in national defense, he is opposed to endless wars. We have spent over 3 Trillion dollars on the Iraq/Afghanistan Wars. That is just on the wars, imagine the cost of sustaining a military presence in over 130 countries! You want a strong military? Bring home the troops and stop trying to have a presence everywhere in the world, THEN we can focus on building a strong military. Instead, the rest of the GOP would like to continue to fight endless wars and why not invade IRAN while we are at it? You know, they *might* be developing nukes, like Iran's weapons of mass destruction.

    October 5, 2011 02:47 pm at 2:47 pm |
  22. zach

    This Rudy NYC guy is the biggest troll of cnn daily ticker i've ever seen. There has not been a single ron article he has not commented negatively on. Rudy, i'm in NYC too, maybe we should have a talk so I can help you understand his positions.

    October 5, 2011 02:53 pm at 2:53 pm |
  23. DumbasRocks [R]s

    I can't believe the number of apparently sane Americans who have fallen for this charletan. They cherry pick those of the man's commments and predictions that happen to have come close to matching reality, and then ignore the many abjectly stupid and embarrasing comments that this racist, tin-foil-hatted nut has come out with. The latest of these being, since we have killed terroritsts that happen to be American citizens, the US will now be targeting American reporters for asassination. WHAT??!!! This low form partisan fear-mongering speaks of such a low level of intellectual performance that one must consider whether genetic testing for Mr. Paul is in order.

    You mindless nimrods who support this fear-mongering kook, should all do the nazi salute in unison.......

    October 5, 2011 02:59 pm at 2:59 pm |
  24. Don Settle

    I am always curious as to why he is always skipped by the liberal and conservative media whenever any rankings or opionion about the candidates are done. It is always Perry and Romney and Kane then the jump to the bottom group but always leave Ron Paul out of any reports...seems a bit tooooo much of a coinky dink

    October 5, 2011 03:01 pm at 3:01 pm |
  25. Wire Palladin, S. F.

    The real truth, is that Ron Paul does not believe in an government, and that includes social security, medicare, medicaid, the VA, the military, the post office, public schools, government safety regulations, government agencies, interstate highways, taxes, and a host of other programs. Libertarians are not our friends.

    October 5, 2011 03:02 pm at 3:02 pm |
1 2