Politico: Ron Paul ramps up campaign spendingSubmitted by bobbyw24 on Sat, 10/15/2011 - 14:14
By DAN HIRSCHHORN | 10/15/11 1:43 PM EDT
Ron Paul’s 2012 campaign has ramped up faster than his 2008 bid, hiring staff in key states and making paid media buys earlier than last time.
That’s costing a lot of money.
Paul’s heavy campaign burn-rate emerged in his third-quarter campaign finance report filed Saturday, which showed him raising about $8.2 million for the period but also spending $7.5 million. He finished the quarter with $3.6 million in the bank. The largest costs came in the form of more than $2 million spent on TV and direct-mail advertising, for airtime and mail pieces that are running well past the quarter’s closing date last month.