March 18, 2012
Republican presidential candidate Ron Paul is hemorrhaging cash, according to POLITICO. The Texas congressman, who relies primarily on his grassroots supporters to fund his campaign, had approximately $1.7 million in the coffers at the end of February. In order to prop up his campaign, Mr. Paul’s supporters have organized a new money bomb for March 23rd.
According to the Paul campaign’s official Facebook page, the March 23rd money bomb will be aimed at raising money for the primaries in Texas and California. “We need to raise a big chunk of cash so we can start mail, voter ID and advertising in big late primaries like Texas and California and make sure our convention program is fully funded,” Mr. Paul told his supporters.
In February, Mr. Paul kicked off his “No One But Paul” money bomb. The former Air Force surgeon has perfected the art of online fundraisers. In fact, Mr. Paul’s money bombs have been so successful that the other Republican candidates are copying his method of fundraising. Former Pennsylvania Senator Rick Santorum recently ran a “Conservatives Unite” money bomb.
Citing a campaign filing, POLITICO reports that Paul’s campaign hauled in $3.27 in February. His campaign, however, had to shell out $3.55 million for numerous expenses. POLITICO’s analysis of Paul’s campaign filing reveal some of the expenses: $921,700 for mailing, $410,600 for political consulting, $294,000 for campaign merchandise and $257,200 for airfare.
Mr. Paul has vowed to stay in the race until the Republican convention in August. To keep his campaign running, however, Mr. Paul needs to pull in more cash. Although the Texas congressman has only won the Virgin Islands caucuses, his dedicated base of supporters are certain that Mr. Paul will have an important role at the Republican convention.
Mr. Paul told MSNBC in an interview Tuesday that he has no plans to exit the race. “With the enthusiasm and support of a whole generation of individuals [...] I feel obligated to stay into it until we decided who is going to be the nominee,” Mr. Paul opined.
This article was posted: Sunday, March 18, 2012 at 6:38 am