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Ron Paul has more cash on hand than McCain - Open Knowledge — LiveJournal
Jul. 6th, 2007
11:40 am -
Ron Paul has more cash on hand than McCain
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July 6th, 2007 07:43 pm (UTC)
He had about $650 K in the bank at the end of Q1. He spent that in Q2, and pulled in an additional $2.4 million. So his expense/income ratio is pretty good so far.
What do you mean by "running a 50 state campaign"? If you mean, is he buying TV ads in all 50 states, no. He doesn't have the money for that yet, and this early in the campaign it would probably be wasted.
However, part of the reason he can run such a frugal campaign is because he has such a strong base of volunteers. There are 416 Meetup groups for Ron Paul, vs. 70 for Barak Obama, his next closest competitor. That suggests to me that there are organized groups in all 50 states actively working on his campaign.