Pawlenty Raised $4.2 Million During Second Quarter

ABC News' Matthew Jaffe ( @jaffematt ) reports:

Republican presidential candidate Tim Pawlenty raised $4.2 million during the second quarter of this year, his campaign announced today.

"Gov. Pawlenty will report that his campaign has raised about $4.2 million, and begins the third quarter with more available cash-on-hand than the Republicans who won the Iowa caucuses and New Hampshire primary had in July 2007," his spokesman Alex Conant said in a statement this afternoon.

Pawlenty's $4.2 million puts him right alongside some of his GOP rivals. ?Jon Huntsman's campaign raised $4.1 million dollars in the second quarter, although a portion of the money -- less than half -- was donated by Huntsman himself. Rep. Ron Paul raised over $4.5 million in the quarter, short of his $5 million goal. Meanwhile Republican frontrunner Mitt Romney's team has been indicating that they are on pace to raise about $20 million, although they could just be trying to set low expectations. Romney raised $10 million earlier this quarter in one single day of fundraising in Las Vegas, so he may ultimately announce a number higher than $20 million.

Larry Jacobs, a professor of politics at the University of Minnesota, told ABC News last month that Pawlenty needed to break the $10 million mark this quarter, something the former governor did not come close to doing.

"The real key is fundraising numbers," Jacobs said. "If Pawlenty is below $10 million, he's got a big problem."

While Pawlenty aides have steadfastly maintained that their fundraising is going according to plan and remains on pace for them to execute their early state strategy in Iowa and New Hampshire, the numbers released today may still come as a disappointment for a campaign that is trying to overcome a dismal New Hampshire debate performance and a poor showing in the recent Des Moines Register poll.

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