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Ron Paul Has More Cash On Hand Than John McCain!

ABC News reports that Ron Paul's presidential campaign has more cash on hand than one-time frontrunner John McCain -- $2.4 million to McCain's $2 million. The candidacy of the anti-war, long-shot libertarian Congressman from Texas has been seen as something of a third-tier fringe distraction. But if Paul has more money in the bank than McCain, what does that mean for the Arizona Senator?

Paul's overall fundraising has not been made public yet, so we don't know how much he raised in total, or how much he spent. But it's obvious that Paul improved significantly over his haul of $638,389 in the first quarter.

McCain raised $11 million this quarter, but his campaign has spent nearly all the $23.5 million he's raised so far for the race, and fundraising has been disappointing overall.

Late Update: CNN reports that Paul's quarterly take was $2.4 million, the same amount he has on hand — meaning he burned through his first-quarter take, while raising about four times as much.


25 Comments

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McCain is done.

hopefully Romney wins the nomination by winning Iowa and NH and then getting momentum.

would love to have a Mormon at the top of the ticket. LMAO.

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I smell burning toast.

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Ouch, that smarts!

Pride and an unsettled field will keep McCain in until the Iowa Caucuses at least, but his candidacy is DOA. His position on immigration has absolutely KILLED him with primary voters. He's barely running in the double-digits in Iowa now; I think the GOP nomination comes down to Romney or F. Thompson.

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I wonder what would have happened if he'd just kept on being McCain instead of making a fool of himself trying to pander to the wingnut extreme? Or would the immigration issue have sunk him no matter what?

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McCain has been a zombie ever since he tried to be the establishment candidate and kissed the rings of the fundies. Picking on McCain is as edifying as kicking a corpse.

More fun is considering the way, way out possibility of a Ron Paul nomination.

When you think about it, as a genuine opponent of the Iraq occupation Ron Paul would have credentials few other Republicans have. In a way it is a delicious thought though hard to picture now.

It was also impossible to picture the American voters narrowly supporting impeachment just a very short time ago.

Best, Terry

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A Ron Paul nomination? Nah. Gah. Hapn. RuPaul has as much of a chance of snagging it.

Remember, the GOP establishment controls the process fairly tightly. They're not going to dictate who takes the nomination at this point, but they WILL dictate who WON'T.

Still... if Ron Paul can attract enough grass roots support, he can certainly make trouble for the GOP. Wouldn't it be great to have the nomination go right down to the wire at the convention??? A GOP weakened by a bruising primary slugfest will be a pushover for the Democratic nominee.

I'm happy to see McCain going down in flames. His next crushing defeat will be in 2010 when Gov. Napolitano kicks him to the curb (if he doesn't retire first).

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I got a lot of grief from friends the other night when I said I thought Romney was going to be the nominee, not Giuliani (sp?). I feel like the Republican machine is slowly but surely going to fall in behind him. He's the safest bet at the moment. And Thompson? Total lightweight.

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He'll retire in 2010. He wont be able to handle being irrelevant when the primary losses come on. I wonder how the media will spin it though. They loved him so long, and what will they say when he comes in 4th or 5th in Iowa?

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I don't know why people on the left treat Ron Paul so kindly. He's an uber-libertarian who would love to do away with Social Security, Medicare, medicaid and public schools. The guy is so far out of the mainstream on every issue except Iraq and that's because he seems to be an isolationist. I have a hard time picturing him doing anything about, say, Darfur.

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Don't count out Gingrich. The top GOPers have a lot of money, sure, but they don't have broad appeal. If someone like Brownback or Huckabee doesn't start to emerge, I wouldn't be surprised if Gingrich jumps into the fray.

The Republican Party as a whole is in deep, deep trouble. There coalition has been held together delicately and now its on the verge of collapse. McCain or Hagel are probably the only persons who could save the Party. Ironically, the base seems to dislike them the most.

I'm just sitting back and enjoying the show. It's a happy time to be a Democrat. I don't know if it's a happy time to be a Republican.

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I think we on the left appreciate his honest and intellectual consistency--even though we wouldn't ever vote for him. After Iraq, most of us certainly have no problem with a healthy dose of isolationism. I'm not saying we shouldn't do what we can for Darfur, but, in the end, it's Britain and France's problem. They drew the borders there. We need to spend a hell of a lot more time worrying about what's going on in our own hemisphere.

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Sadly, Paul doesn't have a chance of getting past the "fringe" label.

What I really wish for is a Paul/Kucinich debate: two people with nothing to lose defending actual beliefs that differ in interesting ways.

And yes, I'm waiting for Slate's "McCain death watch" to start.

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I don't know why people on the left treat Ron Paul so kindly. He's an uber-libertarian who would love to do away with Social Security, Medicare, medicaid and public schools.

HINT; He's against the Iraq occupation.

Best, Terry

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Must have been the McCain Mutiny - where you shoot yourself in the feet and gradually the gangrene gets you.

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I do because I prefer an honest man who tells you what he stands for to an unctuous criminal who tells you he is for social security while working behind the scenes to destroy it. I also like him because I think any democrat would beat him like a drum.

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Gingrich WILL enter the race when he sees his moment. Why else would he have bothered to seek televangelical absolution for his adultery? And he'll be an instant favorite when he does. IOKIYAR.

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I love how Ron Paul's "fringe/whackjob" label is supposedly the product of the GOP and not the media. (I'm not counting FOX, obviously, because there is no difference between the two.) When I was a boy, the media often claimed that the frontrunner was determined by how much money the candidate raised. Look at the way McCain is treated in the media compared to Paul -- Paul was labeled "fringe" even in this post -- as if, well, that meme started somehow, so we are honor bound to repeat it over and over.

When they want to, the media claim that so-and-so is the frontrunner or a whackjob based on either: 1) poll numbers, 2) money raised, 3) someone said so and I'm just going to repeat it over and over. My point: there is no consistent measure used by the media at all. They just pick the measurement that suits the narrative they are lazy enough to produce...and then pretend that this narrative "just...comes" like Oscar Madison's gravy. So last week Ron Paul was a fringe nut job because he hasn't raised much money -- next week if McCain raises a few more bucks he'll be "surging," even if he still has less money than Paul.

Same dynamic on the Democratic side as well, obviously.

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It may be good sport to make fun of the Repub candidates, but remember one of them is going to get picked. Be careful what you wish for...

--- Policies not Politics
          Daily Landscape

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How can one not make fun of Repub canidates? Did McCain say something stupid again? I mean like in the last nano-second.

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Do you really think that if Kucinich suddenly raised a bunch of money he'd get the same dynamic from the MSM or the Dem Party? I seriously doubt it. The difference: Paul is "fringy" in a way almost entirely acceptable to the party establishment -- he doesn't threaten them. Kucinich does.

Damn I wish I had a ton of money to do the experiment with.

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I guess my point is that the amount of money raised is almost irrelevant to the dynamic -- except when they want it to be relevant. Fred Thompson is the frontrunner because, well...we'll find a reason! It could be poll numbers. It could be money. It could be "voter interest." It could be because I said so. It could be because he smells manly.

If Kucinich suddenly raised a bunch of money, I'm sure the meme would be something like: "Fringe nutjob appeals to stoned YouTubers undercounted because of cell phones!"
______________________
http://the88s.blogsome.com

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I know just the person to save the GOP


http://www.youtube.com/watch?v=HwTECansVdI

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I agree with most of the reasons why the left "likes" Ron Paul, but here's my list:

1. Intellectual honesty/consistency
2. Old school conservative
and the most important
3. Totally unable to win the presidency even if he gets the nomination.

This man is in favor of the gold standard. It doesn't take much training in economics to see why that would lead to an economic collapse in less than a week. He's articulate, he's pissed, the wingnuts like him, and he has absolutely insane economic and social policies that would prevent him from ever winning a national election. Yay for Ron Paul!

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Agree to all of the above, so how many of us lefties contributed to his campaign?

It's got to be worth $20 each just to watch the Republicans freak out.

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They *are* being consistant - McCain still raised a ton more than Paul. What's sinking McCain is that he spent more more money than he took in. This whole episode says more about the McCain campaign than Paul catching fire.

If you want inconsistancy, as late as Q3-2003, Lyndon LaRouche had raised more money than Mosley-Braun, Sharpton and Kucinich.

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