movingstone
Member
- Joined
- Feb 21, 2012
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- 66
The campaign says they have 2 million on hand plus 2.5 million raised this quarter
hmm, these articles are so damn confusing.
The campaign has $2 million cash on hand, having already spent $250,000 to help the Republican Party of Kentucky pay for a presidential caucus. That will let Paul seek a Senate re-election as he tries to forge ahead in the White House race -- something the campaign says it has more than enough money and momentum to do.
Paul spent an estimated $4.66 million in the last three months, nearly the double the amount of money he raised -- a burn rate that will require a substantially faster fundraising pace.
http://www.washingtonpost.com/news/...nd-paul-raises-2-5-million-in-second-quarter/
http://www.nytimes.com/interactive/2016/us/elections/election-2016-campaign-money-race.html?_r=0
Using this chart, Rand raised 6.9, spent 2.2, and have 4.2 millions going into July. In the WashingPost article, Rand spent 4.66 millions since July.
So 4.2 million (cash on hand left over from 2nd quarter) + 2.5 millions (raise from July - September) - 4.66 million (spent since July) = 2.04 million
That is where your 2 million dollars on hand came from. So the campaign has only 2 millions coming into October. If they kept spending 4 millions + for 3 months going forward, it isn't good. Said if they raised another 2.5 millions by December. 2 millions + 2.5 millions = 4.5 millions. And they spent 4 millions, that would meant they only have half a million going into 2016. I estimate at 4 millions and not 4.66 million spent in the next 3 months because there were spending that was once time only like 40k for South Carolina ballot, and 250k for the Kentucky primary.
Though in November, Rand will have to spent to file for the following states too.
Nov. 9: Arkansas
Nov. 10: Texas
Nov. 20: Louisiana
Nov. 27: New Hampshire
Nov. 30: Illinois