Ron Paul's campaign staff held a press conference today to shed light on fundraising statistics as it relates to all of the GOP candidates. Here is the lowdown:
"Both Mitt Romney and Rudy Giuliani spent more than they raised in Q3. Romney brought in $9.9M and spent $21.3M. Giuliani raised $11.6M and spent $13.3M.
"Mitt Romney often cites his executive prowess as a key credential in his White House bid. However, if the race ended today, his organization would have lost over $8M.
"John McCain is in the red. McCain claims to have $3.4M in the bank, but due to debt and money earmarked only for the general election, he is in the hole $53,446 for the primary.
"Dr. Paul outraised Duncan Hunter, Mike Huckabee, Tom Tancredo and Sam Brownback’s combined efforts by 61 percent. Dr. Paul’s $5.4M is 8.5 times greater than all of their cash on hand combined.
"Dr. Paul is the only top-tier candidate who carried no debt into the fourth quarter. Because of outstanding debt of $678,432, Fred Thompson actually has $6,443,312, less than $1M more than Dr. Paul.
"Rudy Giuliani has $11,428,979 available for the primary. While impressive, this is far from insurmountable for Dr. Paul and Mr. Thompson.
"Dr. Paul stands alone in fundraising growth, trajectory and organizational health. Much work remains ahead, but the Paul campaign is in a strong position to make a run down the stretch toward the nomination."