Indicators are that Mr.Paul's internet based fund raising machine is working pretty darn well.
Ron Paul Tops McCain in Cash on Hand
ABC News' George Stephanopoulos Reports:
Though often regarded as a longshot candidate for president, Republican Ron Paul tells ABC News that he has an impressive $2.4 million in cash on hand after raising an equal amount during the second quarter, putting him ahead of one-time Republican frontrunner John McCain, who reported this week he has only $2 million in the bank.
In an exclusive interview taped Friday and airing Sunday on "This Week," Paul said his campaign is on a better trajectory than McCain's.
"I think some of the candidates are on the down-slope, and we're on the up-slope," said Paul.
Paul's cash on hand puts him in third place in the Republican field in that important metric, although he is well behind leader Rudy Giuliani, who has $18 million in the bank, and Mitt Romney, with $12 million.
Paul, who polls show with support in the low single digits, said his surprisingly strong fundraising is the best measure of his support. more
Again the real question will be how much he reports for the quarter and how many donors total. If he can beat Obama's quarter million donors he might actually have a chance.
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