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Ron Paul raises $8 million in third quarter

at 02:44 PM ET, 10/05/2011

Rep. Ron Paul (R-Texas) raised over $8 million in the third quarter of the year. That’s about half as much as Texas Gov. Rick Perry , but it’s a healthy haul.

The Texas congressman and 2012 candidate announced the total at a National Press Club speech Wednesday, saying, “We are very pleased with that and believe that will give us the energy to keep the campaign moving right along.” He added, “I'm not very good at remembering the details of campaigning, because I get very much involved in economic policy and foreign policy and I don't talk a whole lot about the intricacies of the campaign.”
Ron Paul had a good fundraising quarter. (Stephen Morton - GETTY IMAGES)

Paul’s campaign points out that his total comes from over 100,000 supporters in the past three months, while Perry’s $17 million came from just 22,000 donors.

“Romney and Perry may have the backing of wealthy elites and special interest, but Dr. Paul draws the support of regular, hardworking Americans who want to restore our countries greatness,” said Paul aide Jesse Benton.

Former Massachusetts governor Mitt Romney has yet to release his third-quarter numbers.

The libertarian-leaning presidential candidate took in $4.5 million last quarter. He also raised $3 million in the first quarter of the year, before announcing his presidential bid, but $2 million of those dollars went to a 501(c)4 organization that cannot transfer funds to a political campaign. Paul has yet to report his cash-on-hand.

Eight million is also significantly more than the $5 million Paul raised in the same three months of 2007. That was before the $6 million one-day fundraising drive that winter, a success the campaign has yet to replicate in this cycle.

Paul’s fervent support in that campaign failed to translate into many early state votes, and Paul has gotten less attention this time around. But his fan base appears to have grown. In the most recent Washington Post-ABC News poll he comes in fourth, with 11 percent — more support than Rep. Michele Bachmann (R-Minn.) and former House Speaker Newt Gingrich (R-Ga.) enjoy.

Still, as we’ve written before, enthusiasm for Paul has a ceiling. The same qualities that make him beloved — his outspoken opposition to the wars in Afghanistan and Iraq, his crusade against the Federal Reserve — are not likely to appeal to enough Republicans to win him the nomination.

 
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