Rand Paul is not dropping out of the race for the White House — at least according to a new memo being released by his presidential campaign.

Paul’s top campaign aides, chief strategist Doug Stafford and campaign manager Chip Englander, push back against the “false narrative” that Rand Paul’s campaign “is on the ropes” as his poll numbers have declined over the last few months.

Here is the full memo:

MEMORANDUM

TO: Interested Parties

CC: Rand Paul for President Team

FROM: Doug Stafford, Chief Strategist

Chip Englander, Campaign Manager

RE: Summary of Campaign Standing

DATE: October 15, 2015

There are some in the media who are pushing a false narrative that Senator Rand Paul (SRP) is on the ropes.

Here are the facts and why SRP is here to stay.

POLITICAL ORGANIZATION

Ground game and political organization have a disproportionate impact in primaries and especially caucuses — and SRP has the best organization in America.

Three times, SRP has competed against the other contenders in presidential straw polls – and every time he has won. He won at the Conservative Political Action Conference, the same straw poll Reagan won that helped launch his 1980 candidacy. He won at the Republican Leadership Conference, the largest straw poll in America. And he won this past weekend at the largest New Hampshire straw poll. At all of these straw polls, other contenders competed, paid for supporters, and went in to win it. Each time they failed.

In New Hampshire, where SRP won over the weekend, our organization has a statewide Leadership Team of over 300 members-nearly triple the size of our closest rival. This well-respected team of veteran grassroots organizers were the catalyst of this weekend’s win and will be vital to future victories.

SRP’s strength in New Hampshire comes from his continued legwork in the state. He’s been there more than most of the candidates. He was there last weekend, he will be there next weekend, and he will be there a third time at the end of this month. Like John McCain in 2008, Senator Paul’s campaign isn’t showing up in October polling, but will be there when it counts-on Election Day.

Our campaign is similarly well-positioned in Iowa. SRP has already announced co-chairs in each of Iowa’s 99 counties and has 600 precinct captains that are actively recruiting supporters and volunteers. This team has been able to call over 100,000 voters in the past few weeks alone.

Like New Hampshire, our Iowa team provides the backbone of the ground force needed to win a trench warfare campaign. As demonstrated in both parties’ campaigns for President, to win in Iowa, a strong ground force, not money, is the true game changer. In 2012, Rick Santorum was vastly outspent by Mitt Romney, yet he won Iowa. In 2008, Mike Huckabee was vastly outspent and won Iowa. In 2004, Democrat Howard Dean had all the money and resources, but John Kerry’s in-state volunteer force propelled him to the top. That’s how Iowa campaigns are won-through the hard work of motivated, well-organized, and passionate grassroots supporters.

SRP is also making a historic effort to build a Students for Rand organization that will play heavily in Iowa and change the way Republicans treat the youth vote. Nationally, the organization established over 350 chapters since its launch. Students make the calls and walk the doors. They also give the campaign the ability to organize cheaply in later states.

And in Iowa, Students for Rand will have a huge impact.

In 2012, 121,000 Iowans participated in their Republican caucus. In 2008, 119,000 Iowans participated in their Republican caucus. Although Iowa is not one of the most populous states in the country, large schools such as the University of Iowa and Iowa State University are part of a student population of over 120,000.

Yet this sizable student population factored little in the last two Iowa caucuses because they occurred during winter break on January 3. Due to a change in RNC rules, the 2016 caucuses will occur on February 1, when school is in session. With 120,000 voters and over 120,000 students, students are set to dominate the caucuses in an unprecedented way and we are set to dominate this demographic.

While the media fixates on ad buys and fundraising, we are the only campaign organizing on campuses. For example, when the University of Iowa kicked off back-to-school week, we were the only campaign tabling and signing people up. There are twenty Students for Rand chapters across Iowa. Every campus event sees hundreds, if not thousands, of excited students ready to stand with Rand. Just this week, SRP crisscrossed Iowa as part of an 11-campus barnstorm, hitting schools in every corner of the state, signing up hundreds of caucus attendees and volunteers at every stop.

You will not see this student advantage show-up in polls, but you will see it show-up in elections-just like the straw polls we keep winning.

DEBATES, POLLS AND FUNDRAISING

The media can be forgiven for not grasping the significance of the ground organization we are building because it is not highly visible except on the few occasions we mobilize (and win). Some reporters have covered the fact that SRP always comes in first when people are actually voting, although most have ignored it altogether.

What makes less sense, though, is that the media plays up any drop in the polls SRP experiences, while ignoring his momentum and the precipitous decline of other candidates.

Since the last debate, SRP has moved up three spots in the polls. The two most recent polls determining who makes the next debate-conducted by CBS and Fox-had SRP outpolling Christie and Kasich. SRP is well within the criteria for the next debate-no question, he will be on the stage. Moreover, earlier this month Reuters-which independent analysts called the most accurate pollster of the last presidential election-had SRP in fifth place ahead of Rubio, Cruz, and others.

Although the criteria to make the cut for the next debate requires a 2.5% average in the polls, you never read anything about Christie, who currently sits at 1.9% in the RCP average of polls. The media is fixated on insisting that SRP should get out of the race even though he continues to win every time votes are counted and the polls show him on the rise.

The timing of the next two debates gives SRP an advantage because viewers will be able to decide the narrative for themselves. While each of the first three debates experienced 5-6 week breaks between them, the next two debates are separated by only 13 days – a significant opportunity for SRP to have some repetition before voters for the first time.

This gives SRP the opportunity to further build on his recent momentum following the Reagan Library debate. Two of the three straw polls SRP has won have come since the debate, and SRP raised nearly a million dollars in the final twelve days after the last debate.

SRP currently has over $2 million cash-on-hand and is running a lean campaign heavy on organization and light on expensive advertising. SRP has the financial resources to continue indefinitely and will keep racking up wins once the voting begins.

If you were SRP – with $2 million, little overhead, the best organization in America, always on the debate stage, and you were winning 100% of the time votes were counted – would you bet you were closer to dropping out or that you were nearing a breakthrough? We bet on breakthrough-and the continued passion and dedication of our team to fight for Senator Paul’s vision of liberty, opportunity and justice for all Americans is what will bring us success when it actually counts – on Election Day.

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