Campaign Finances

Well, it's official, ladies and gentlemen. Believe it or not, Rep. Ron Paul, the 72-year-old Texan who hardly ever gets mentioned in Republican political news and the one-time libertarian who always gets the least time on TV debates if he isn't barred completely, was, in fact, the most successful Republican fundraiser in the last three months of 2007.

By a Texas mile.

By the thousands Paul's fervent followers donated $19.95 million to the "Ron Paul Revolution." He spent $17.75 million and at year's end had $7.8 million cash on hand, making him the only Republican candidate to increase his fundraising totals in every quarter of 2007. According to his website, Paul's Paulunteers have contributed another $4.1 million this month to fuel the strict constitutionalist's travels and advertising campaign.

Compare that impressive financial success with, say, the late candidate Rudy Giuliani, who raised only $14.4 million from Oct. 1 to Dec. 31 and spent $18.2 million.

Or the departed Fred Thompson, who collected $8.9 million and spent $13.9 million.

Or even the newly-minted Republican frontrunner Sen. John McCain, who raked in only $9.9 million, spent $10.5 million and had only $2.9 million cash in hand. Of course, McCain's string of primary victories in January will have boosted his financial fortunes.
Everybody loves a winner.

Mitt Romney actually raised only $9.2 million from other people last quarter, less than half of Paul's haul. However, the former Massachusetts governor -- and if he keeps spending at this rate the quite possibly former multimillionaire -- gave himself $18 million more of his own money last fall for a total of $27.2 million and $2.4 million cash on hand.

The former Arkansas governor Mike Huckabee, who's had trouble raising money, issued an unusual statement Thursday night. "My presidential campaign," he said, "has defied the odds and will continue to do so, as we head into the Super Tuesday primaries, proving the power of of message over money and mechanics."

The statement did not include any Huckabee figures for the fourth quarter. Which suggests that the winner of the Republican caucuses in Iowa didn't have a very good fourth quarter.

So a certain suspicious blogger, lead by the experienced hand of The Times' campaign finance expert Dan Morain, went to the website of the Federal Election Commission and looked up Huckabee's fourth quarter report. It seems he raised about $6.7 million, a third of Paul's sum, while spending $7.08 million, leaving him on New Year's Eve with cash on hand of only $651,300.68. No wonder he didn't mention numbers in the news release

From L A Times, Top of the Ticket political blog by Andrew Malcolm.