Topic: Ron Paul
Ron Paul Busts 4Q Fundraising Goal and "Money Bomb" record Early “Tea Party” contributions push campaign over their $12 million quarterly goal.by William Westmiller
(Libertarian)
Sunday, December 16, 2007
Within the first hour of the "Boston Tea Party" blitz, the Ron Paul campaign "broke the thermometer" by exceeding its fundraising goal, set at the end of the last quarter [October 1]. The $12 million number was considered ambitious until the November 5th "Money Bomb" that brought in $4.3 million in one day. Supporters, opponents, and the mass media will probably "Remember, remember, the Fifth of November" as a record for any Republican candidates ever, thanks to music (now political) promoter Trevor Lyman. That financial wonder was only topped by the incredible Ron Paul Blimp, now in the skies over South Carolina.
The hypnotic odometer is still ticking as this is written, but it appears that this December 16th will exceed the earlier one-day record, possibly breaking that all-time record for any candidate. Projections for the first few hours of the early morning were running at $369,380.00 received per hour, more than doubling the $166,200.00 per hour rate of the earlier blitz. The November tally only zoomed in the early morning, New York time. At this starting rate, the campaign could exceed $6,500,000.00 by the end of the day.
The promoters and contributors hope to break the record $6.1 million dollars purportedly raised in one day by the Hillary Clinton campaign. That total appeared in contribution records at the end of the second quarter, but probably included checks received as much as a week earlier. Candidates do not have to report daily receipts to the Federal Election Commission, only three-month totals. As the Ron Paul campaign has noted, the media director for the Clinton campaign took note of a $1.6 million fundraising event on June 30th, but never claimed the total reported was all raised on that one day. And, that included bundling by Norman Hsu, charged with violating FEC contribution rules.
If expectations are exceeded, Paul could break the $32.5 million all-time record for fundraising in a presidential campaign quarter (this one ends December 31st), which was set by Democrat Barack Obama in the second quarter of this year.Cynics who had claimed that the Ron Paul campaign was just a bunch of spammers may be wondering whether his supporters have taken over the Federal Reserve to print record-breaking amounts of money for the campaign. Conspiracy buffs may be wondering when objectivist and former FED Chairman Alan Greenspan who favored Paul's gold-backed currency years ago - will announce his endorsement of the Texas congressman.
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2007 William Westmiller, all rights reserved.
Published: Sunday, December 16, 2007
Last modified: Monday, December 17, 2007
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2007 William Westmiller, all rights reserved.