Republican presidential candidate Ron Paul raised $4.5 million in January, putting the Texas congressman on track to exceed his Q4 fundraising total of $13.3 million.
Currently, the Paul campaign has $1.6 million in cash on hand. The amount raised in January excludes more than $1.7 million that the campaign has so far raised via its online fundraising event, or 'money bomb.' Paul now appears to be prepared for the long haul in the 2012 presidential campaign.
"Naturally we're pleased that our growing support base continues to generously support Ron Paul, so in turn he can spread his message of constitutionally-limited government, sound money, and a foreign policy that keep America safe," Paul campaign chairman Jesse Benton said.
"Ron Paul is the only Republican candidate who can defeat Barack Obama," Benton continued. "And, he is the only one prepared for an exhaustive 50-state campaign in terms of organization, ballot access, and fundraising stamina."
Despite the successful fundraising, Paul is still widely considered to be a fringe candidate, trailing former Massachusetts governor Mitt Romney, former Speaker of the House Newt Gingrich and former Pennsylvania Senator Rick Santorum in the polls.
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