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Paul's long on funds, short on support


Ron Paul may only have single-digit polling numbers, but according to campaign staffers of the Texas Congressman, only Mr. Paul, Rudy Giuliani and Fred Thompson have sufficient funds for next year's Republican presidential primary.


Today at the National Press Club, Jonathon Bydlak, Mr. Paul's director of fund raising, said that at this stage, the key question is how much money each candidate has available to spend on the primary.


In an analysis of third-quarter campaign finances, Mr. Bydlak reported that once a candidate's outstanding debt is subtracted from their total primary cash on hand, few Republican candidates will be able to provide funding for the primary election cycle without raising additional funds.


The press conference — held by Mr. Paul's staff — came two days after the release of Monday's campaign finance reports.


To date, the only candidates without outstanding debts are Mr. Paul and Sam Brownback.


If the GOP elections were to be held today, the campaigns of Mitt Romney would be in debt by $8 million; Tom Trancredo, by $188,000; and John McCain, by $53,000.


However, Mr. Paul has yet to see his positive financial standing produce a significant number of supporters, based on polling numbers.


Paul campaign chairman Kent Snyder said that Mr. Paul will be spending his funds on advertising in Iowa, New Hampshire, and Nevada. Their goal is to raise their primary funds to $12 million, Mr. Snyder said. He explained that Mr. Paul has a dedicated support network of 55,000 volunteers.


The following is a list of the available funds each Republican candidate currently has at their disposal to spend during the Republican primary:


  • Rudy Giuliani has $11,598,235 on hand, with a debt of $169,256; which leaves him $11,428,979 to spend during the primary.
  • Fred Thompson has $7,121744 on hand, with a debt of $678,432; which leaves him $6,443,312 to spend during the primary.
  • Ron Paul has $5,443,667 on hand, with no debt; which leaves him $5,443,667 to spend during the primary.
  • Mike Huckabee has $650,000 on hand, with a debt of $47,810; which leaves him $602,969 to spend during the primary.
  • Sam Brownback has $94,654 on hand, with no debt; which leaves him with $94,654 to spend during the primary.
  • Duncan Hunter has $130,392 on hand, with a debt of $50,000; which leaves him with $80,392 to spend during the primary.
  • John McCain has $1,677,244 on hand, with a debt of $1,730,691; which means he must raise an additional $53,446 to break even.
  • Tom Trancredo has $107,729 on hand, with a debt of $295,603; which means he must raise an additional $187,874 to break even.
  • Mitt Romney has $9,216,517 on hand, with a debt of $17,350,000; which means he must raise an additional $8,133,483 to break even.


    — Rob Gutierrez, intern, The Washington Times

  • Comments (2)

    I'm supporting this idea all the way! I can not imagine who would disagree with it. On the whole - make posts like this more often.

    Many times I tried to figure out, what are people talking about here and what they mean by saying stuff like that. And I realized that they just don’t have a clue about the topic themselves. It’s kinda strange. Anyway I have to say that you mast understand, what’s really doing on to comment things. Otherwise you will look and sound stupid.

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