Long-shit candidate Ron Paul has more cash on hand than the veteran Senator and at one time frontrunner for the Republican nomination John McCain. From ABC News:

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.

Normally one might observe that it doesn’t matter as McCain, the more likely candidate, would be able to raise more money and make up in the next quarter. I highly doubt it though, McCain worked his rear end off for the money he has and has been plowing through cash like a drunken sailor. McCain needs help and he needs it fast!