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The announcement will come on April 7, 2015, at a speech delivered in Louisville, Kentucky. It had long been rumored Paul was targeting April, as are many candidates, and now we know that time frame is official. It appears that Paul is skipping any kind of exploratory committee, which is not uncommon, and going straight to a full-blown presidential campaign for the 2016 Republican nomination.

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Report from CBS News:

Sen. Rand Paul, R-Kentucky, is expected to make his presidential candidacy official, in a speech on Apr. 7, in Louisville, Kentucky, CBS News confirms, citing a source familiar with Paul’s plans.

The Kentucky senator’s announcement, first reported by the New York Times, is timed to be the day after the NCAA championship game, and also during the two-week Senate recess coming at the end of March. Paul’s announcement date enables him to begin his official run for the presidency at the beginning of a fundraising quarter. This will maximize the time he’ll have to raise money before his first report is due to the Federal Election Commission. As a declared candidate, his finances will be filed and publicly available each quarter, and part of the success of his candidacy will be measured by the money he raises.

The Lexington Herald-Leader reports that although Paul may still change his mind about running, “invitations to the event have already been sent to supporters and Republican officials.”

Paul will also be running for reelection to his Senate seat at the same time he runs for president. Though Kentucky does not allow candidates to be listed a ballot for two different offices, Paul was able to convince the state party to hold a nominating caucus, which allows him to run for both. [Emphasis added]

Paul won his way with the Kentucky GOP and convinced them to hold a caucus, instead of a primary, which allows him to compete for both a Senate nomination and a Presidential nomination in his home state.

So far, most pundits are rating him as one of the few candidates able to compete with Jeb Bush in terms of overall support and fundraising abilities. That has yet to be proven out but we’ll soon learn how the money race is going as candidates launch official campaigns requiring quarterly financial disclosures.

4 COMMENTS

  1. Maybe he can also get the rules changed so he can BE both president and senator. Wonder what other special treatment he’ll arrange. . .

    • How cynical — a true punk remark by Goethe — reverting to your idiotic self, kid, just to be clever?

      Rand Paul is it — there can be no ifs-ands-or-buts — The only True Patriot that can put our nation back on the track of OBEYING the Constitution, thus saving our nation that is disintegrating under the unconstitutinal onslaught by both Liberal Dems and Neocon Repubs alike!

      • I agree that Rand is the best GOP prospect, but don’t let that blind you to what is right and fair.

        Alben Barkley left the senate to run for vice president, not expected to win–in a year when we had the headline, “Dewey Beat’s Truman!”

        Richard M. Johnson, John C. Breckinridge, and Adlai E. Stevenson also followed the rules. But Rand is somehow above them?

  2. Rand Paul is a devotee of so-called Austrian economics, same thing his father is still railing about. Austrianism is a cult theory that no nation actually uses. It teaches that the Federal Reserve is to blame for the economy’s boom-and-bust cycle …despite the fact that the busts have gotten smaller and less frequent. During a swing to Iowa last weekend, he began his trip with an all out assault on the Federal Reserve. “Anybody feel that the Fed is out to get us?” Paul said to applause. “Once upon a time, your dollar was as good as gold,” Paul reportedly said. “Then for many decades, they said your dollar was backed by the full faith and credit of government. Do you know what it’s backed by now? Used car loans, bad home loans, distressed assets and derivatives.”(From:Wall Street Journal”). In 2013, Paul was asked about his “ideal” chairman for the Federal Reserve, and he endorsed Friedrich Hayek. Asked to name someone alive, Paul said Milton Friedman “would probably be pretty good.” Friedman died in 2006. Rand, and Ron, Paul apparently can’t read the Fed’s balance sheets, because as of November, its assets were $4.487 trillion and its liabilities were $4.430 trillion. Where did the $57 billion figure come from? That’s its total capital. But as Cullen Roche, the founder of financial services firm Orcam Financial Group, points out, Paul also ignores the fact that the Fed remits most of its profits to the Treasury Department. In 2013, they gave Treasury nearly $80 billion. “The Federal Reserve isn’t just a profitable entity,” Roche writes. “It is perhaps the most profitable entity on the face of the planet.”

    Paul acknowledges that the Fed is, in fact, already audited—its books are verified by Deloitte & Touche, and Congress can and does request separate audits by the Government Accountability Office—he says that the
    scrutiny isn’t enough, that those are “a bunch of fake audits.” Yet, you can go online and see every asset on the Fed’s balance sheet, including its serial tracking number. But, Paul says, that doesn’t tell readers “who they bought them from or whether they were bought at fair market price or whether they were bought at a
    haircut and whether or not there were any conflicts of interests in the buying and selling.” Watchout,Walmart, you may catch Paul’s eye. Or maybe, the General Public will demand an audit of each Congress person’ war chest to see if there was any buying and selling going on

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