Bradley in DC
07-16-2007, 10:07 AM
http://www.chron.com/disp/story.mpl/front/4969941.html
Ron Paul reports fundraising surprise
Presidential hopeful's bank total topped rival McCain's
By JIM KUHNHENN
Associated Press
WASHINGTON — Ron Paul, the Lake Jackson congressman running a long shot campaign, reported raising nearly $2.4 million from April through June and ended the quarter with a similar amount in the bank.
The total is a remarkable showing for Paul, putting him in a better financial position — with less cash on hand but no debt — than Arizona Sen. John McCain. Paul still barely registers in public opinion polls and raised far less than McCain or the other leading Republicans. But his libertarian views and opposition to the war in Iraq have ignited a fire among nontraditional contributors, particularly on the Internet.
Paul has relied on his debate appearances and on an online network to spread his message. He also spent $120,000 on printing and mailing fundraising letters, his single biggest expense. Overall, he has raised $3 million for the year and spent $646,000.
McCain's presidential campaign reported spending more than it raised from April through June, leaving him financially strapped with $3.2 million cash on hand and a $1.8 million debt.
The presidential campaigns had until midnight Sunday to file full financial reports to the Federal Election Commission.
Democrat Barack Obama reported having about $34 million in primary cash on hand; Hillary Rodham Clinton reported $33 million. Obama had an edge on money owed by the campaign; he reported less than $1 million in debts and Clinton reported $3 million.
Democrat John Edwards increased his cash on hand this quarter despite a drop in contributions for his presidential nomination campaign. In his filing, the Edwards campaign reported $12 million in the bank for the primary elections, an increase of more than $2 million over his cash on hand at the end of March.
Overall, Edwards has raised $21.8 million for the primary and $1.3 million for the general election.
Edwards retained his place ahead of New Mexico Gov. Bill Richardson and Sen. Christopher Dodd of Connecticut.
Dodd on Sunday reported raising nearly $3.3 million, with nearly $6.4 million in the bank. For the year, Dodd has total receipts of $12.1 million, which includes a $4.7 million transfer from his Senate campaign account.
Richardson on Saturday reported raising $7 million in the second quarter and having a similar amount in the bank.
Former Massachusetts Gov. Mitt Romney and former New York Mayor Rudy Giuliani, who are leading the Republican field in money and polls, reported their finances on Friday. McCain and most of the Democratic candidates had until midnight Sunday to file reports.
Other presidential candidates filing reports:
• Sen. Sam Brownback, R-Kan., raised $1.4 million, slightly more than his campaign brought in during the previous quarter. The candidate reported having $460,236 in the bank.
• Former Arkansas Gov. Mike Huckabee, a Republican, raised $764,000 for his presidential campaign from April through June and had $437,000 cash on hand at the end of last month.
• Former Wisconsin Gov. Tommy Thompson raised $461,000 in the second quarter.The Republican reported nearly $122,000 cash on hand, but also listed debts and obligations of more than $127,000.
Ron Paul reports fundraising surprise
Presidential hopeful's bank total topped rival McCain's
By JIM KUHNHENN
Associated Press
WASHINGTON — Ron Paul, the Lake Jackson congressman running a long shot campaign, reported raising nearly $2.4 million from April through June and ended the quarter with a similar amount in the bank.
The total is a remarkable showing for Paul, putting him in a better financial position — with less cash on hand but no debt — than Arizona Sen. John McCain. Paul still barely registers in public opinion polls and raised far less than McCain or the other leading Republicans. But his libertarian views and opposition to the war in Iraq have ignited a fire among nontraditional contributors, particularly on the Internet.
Paul has relied on his debate appearances and on an online network to spread his message. He also spent $120,000 on printing and mailing fundraising letters, his single biggest expense. Overall, he has raised $3 million for the year and spent $646,000.
McCain's presidential campaign reported spending more than it raised from April through June, leaving him financially strapped with $3.2 million cash on hand and a $1.8 million debt.
The presidential campaigns had until midnight Sunday to file full financial reports to the Federal Election Commission.
Democrat Barack Obama reported having about $34 million in primary cash on hand; Hillary Rodham Clinton reported $33 million. Obama had an edge on money owed by the campaign; he reported less than $1 million in debts and Clinton reported $3 million.
Democrat John Edwards increased his cash on hand this quarter despite a drop in contributions for his presidential nomination campaign. In his filing, the Edwards campaign reported $12 million in the bank for the primary elections, an increase of more than $2 million over his cash on hand at the end of March.
Overall, Edwards has raised $21.8 million for the primary and $1.3 million for the general election.
Edwards retained his place ahead of New Mexico Gov. Bill Richardson and Sen. Christopher Dodd of Connecticut.
Dodd on Sunday reported raising nearly $3.3 million, with nearly $6.4 million in the bank. For the year, Dodd has total receipts of $12.1 million, which includes a $4.7 million transfer from his Senate campaign account.
Richardson on Saturday reported raising $7 million in the second quarter and having a similar amount in the bank.
Former Massachusetts Gov. Mitt Romney and former New York Mayor Rudy Giuliani, who are leading the Republican field in money and polls, reported their finances on Friday. McCain and most of the Democratic candidates had until midnight Sunday to file reports.
Other presidential candidates filing reports:
• Sen. Sam Brownback, R-Kan., raised $1.4 million, slightly more than his campaign brought in during the previous quarter. The candidate reported having $460,236 in the bank.
• Former Arkansas Gov. Mike Huckabee, a Republican, raised $764,000 for his presidential campaign from April through June and had $437,000 cash on hand at the end of last month.
• Former Wisconsin Gov. Tommy Thompson raised $461,000 in the second quarter.The Republican reported nearly $122,000 cash on hand, but also listed debts and obligations of more than $127,000.