Monday, June 06, 2011

Massive Ron Paul Fundraising

For the second time in this election cycle alone, Ron Paul scored big with a 'Money Bomb'.  A money bomb is a 1 day fundraising event in which people 'bomb' the campaign with money, you may recall recently Congressman Bachmann raised around 200K on her money bomb day, by contrast Ron Paul raised 1.1 Million dollars yesterday.  During the previous campaign, late in 2007 the Ron Paul campaign held the first ever 'money bomb', in which it raised over 6 million dollars in a single day, setting a record for fundraising in one day.  Since then, other campaigns have begun employing money bombs also, to varying degrees of success.  Earlier this year, on the day of the SC Debate, the Ron Paul campaign held a money bomb and raised over a million dollars then also.  There are many more money bombs planned throughout the year, the next one being July 4th.  Despite news reports of Mitt Romney being the big moeny candidate, and that he raised 10 million dollars in one day, the reality is he didn't actually raise 10 million dollars in cash, he raised 10 million dollars in Pledges.  A money bomb, on the other hand, brings in actual campaign cash, money in the bank that can be used immediately for the campaign.  Which is more valuable, a million dollars in the bank, or 10 million dollars in pledges?  You can judge that for yourself, but I'm sure that Ron Paul is quite a bit happier to have his moeny in the bank than Mitt Romney is with having 'pledged' money. 

Today's money bomb money will be a huge help as Ron prepares go toe to toe with Mitt and the others in the crucial Iowa Straw Poll, which is held in August.  That straw poll will go a long ways in separating the Pretenders from the Contenders.  In 2007 Ron Paul was polling at about 1 percent in Iowa, but got 10 percent in the Iowa Straw Poll, good enough for 4th place.  That year the Fox News Channel reported, and I promise you I'm not making this up as insane as it sounds, the results for 1st, 2nd, 3rd, and 5th place.  So despite unprecented media bias against his campaign, he greatly overperformed his current standing in the polls at the time, and in fact went on to score another 10 percent showing during the Iowa Caucuses themselves.  This year Ron is at 8 percent in the most recent Iowa poll, with Romney at 21, and Sarah Palin and Herman Cain tied with 15 each.  So the field is wide open, and there's no reason why Ron can't finish either first or a strong second.  Between now and the Straw Poll Ron's campaign has to keep building support, and building infrastructure.  Iowa, being a Caucus state, simply cannot be won by a campaign without boots on the ground.  Ron's campaign is strong and growing in Iowa, he and Romney will likely be the two best organized candidates in Iowa come Straw Poll time, and its definitely possible that Ron's campaign will be the very best of the bunch.  So the bottom line for now is, another bigtime fundraising day for the Paul campaign, a day that will help his already strong Iowa campaign organization get even stronger!  

No comments: