Paul Campaign Speaks On Fundraising Successby Doug Mataconis
The Campaign Director and Finance Director of Ron Paul’s Presidential Campaign spoke yesterday at the National Press Club about what has clearly been a very successful fundraising campaign:
Ron Paul has been stockpiling his campaign cash, and his campaign says he’s now in such a good financial situation that he should be considered one of the top contenders for the Republican presidential nomination.
Looking at the new campaign finance numbers filed this week, and dating to Sept. 30, Mr. Paul has $5.4 million available to spend on the primaries.
That puts him behind only Rudy Giuliani, who has $11.4 million after debts are included, Fred Thompson, who has $6.4 million, and Mitt Romney, who has $9.2 million, after having loaned his campaign more than $17 million of his own money.
“Beyond those four candidates, there really appears to be no one else in the field who has the financial resources to make a reasonable run at the Republican nomination,” said Jonathan Bydlak, Mr. Paul’s fundraising director.
An audacious claim, no doubt, and putting a campaign that has $ 5 million in the bank in the same league with candidates who have twice that much at their disposal and the demonstrated ability to raise even $ 10 million per quarter is no small degree of hubris, but the campaign does have a point.
Take Giuiliani, Romney, Thompson and Paul out of the picture and there really isn’t much left to the Republican field. Duncan Hunter, Tom Tancredo, and Sam Brownback are also-rans who are unlikely to make it past January. And, notwithstanding his apparent popularity in Iowa, Huckabee simply doesn’t have the cash on hand to run an effective campaign right now. With $ 5 million in the bank and the ability to raise at least that much in the 4th Quarter, Ron Paul is clearly in the race to stay — and the advantage of that is that, come February, when the reporters who cover politics get bored doing the same old stories on Rudy, Fred, and Mitt, they’ll have plenty of time to spend following Ron Paul around the country.
Even if he has no chance of winning at that point, he’ll still be getting a lot of coverage saying things that Republicans haven’t said in at least twenty five years. And that’s a good thing.
Full video of the NPC press conference below: