Giuliani recently announced his top staffers are working gratis---b/c Giuliani wants voters to think he managed to spend all his campaign money without having actually competed in any of the early primary/caucus states.
The truth is that Rudy spent all his money because he HAS competed in all those states, and lost dismally. The number of times Rooty went to New Hampshire to campaign was second only to Romney.
Rudy just CLAIMS he hasn't been competing because the results show he is a bigtime loser, rejected by primary/caucus voters.
Although Giuliani talks big, and tries to cast himself as a warrior/hero, he cuts and runs when he feels competitive pressure. He chickened out of the Senate race vs. Hillary. More recently, he cut and run in Iowa, New Hampshire, Michigan, and now South Carolina.
He's the gutless wonder....a talker, not a doer. He wins Florida or loses whatever credibility he has left (not much).
He also chickened out in running against Hillary in 2000 and 2006.