Ron Paul spends over $642K per delegate

Libertarian firebrand Rep. Ron Paul, R-Texas, has outstripped his competition when it comes to how much his campaign has spent to win each of his 51 delegates at a whopping $642,480 per delegate.

The Paul campaign has been a fundraising machine raking in over $33 million largely from small donors, according to its most recent Federal Election Commission report as documented by  as of the end of February.

Paul’s spending per delegate has even outstripped the likely GOP nominee Gov. Mitt Romney who has spent $101,974 for each of his 655 delegates and wins in the 17 states that he has won.

In the private sector, such spending would be regarded as a terrible investment in light of the fact the Texas congressman has yet to win a single state primary or caucus in the 2012 election cycle.

But Paul adviser Douglas Wead dismissed the delegate talk as “pure media fiction” in an interview with National Journal’s Major Garrett:

“The delegate counts, such as those promoted by the New York Times and The Associated Press are pure media fiction. So your delegate-per-dollar is skewed.  For example, they (NYT and AP) say the delegate count in Iowa is Santorum 14, Romney 12 and Paul 1. We have one delegate in Iowa? Hmm. I don’t want to reveal too much, but our delegate strategy is doing just fine and it is worth every dollar.”

According to Garrett’s calculation, Paul has won a total of 1,079,753 votes nationwide thus far for a total of $30.35 per vote compared with $4.56 for Rick Santorum and $16.18 per vote for the likely nominee Mitt Romney.

Paul told students gathered at an event at the University of Maryland last week that he wasn’t paying attention to any official delegate tallies until the Republican National Convention in August.

“There still is a campaign going on, and pay a lot of attention because they haven’t counted all of the delegates yet,” Paul said at the rally.

The Republican National Committee did not immediately return a request for an updated, official delegate tally.

(Ed. note: Paul won the popular vote in the Virgin Islands caucuses on March 10, 2010 but did not win any delegates.)