Big Fundraising Day Coming for Congressman Ron Paul on June 5, 2011?
Congressman Ron Paul s legions of supporters are at it again. Theyve got another one of their moneybombs planned for June 5, 2011. by Thomas Johnson
(libertarian)
Wednesday, May 25, 2011
Congressman Ron Paul's legions of supporters are at it again. They've got another one of their moneybombs planned for June 5, 2011. If you are not familiar with what a moneybomb is, then you can read up on it at Wikipedia. Basically, a moneybomb is a 24-hour fund-raising explosion, that came into being in support of Congressman Paul during his 2008 presidential run, that can and has easily brought in millions of dollars online in a single day. Congressman Paul holds the one day moneybomb record, set on December 16, 2007, when he raised over $6 million dollars in a 24-hour period.
Congressman Paul has formally entered the 2012 race for President of the United States and Paul's savvy and dedicated supporters have started bombing dollars once again. Just recently, Paul supporters had a debate day moneybomb to celebrate the first 2012 Republican Presidential debate held in South Carolina. The supporters raised over $1 million dollars for Congressman Paul without him even lifting a finger as he watched his coffers fill during the 24-hour period of May 5, 2011.
Governor Mitt Romney just recently announced that he had raised $10.25 million dollars in one day, but the specifics are still unclear as to how many donors, the average donation, and whether the money was just pledged or was cold hard cash in hand. No other Republican candidates have raised over one million dollars in a fundraiser yet except Congressman Paul and possibly Governor Romney.
As of the time of this writing, Paul's supporters are ten days from dropping another one of their moneybombs. They have named this the 'Legalize Gold & Silver moneybomb' and have described their reason for the moneybomb as, "On June 5th, 1933 the U.S. Congress abolished the United States' use of the gold standard by enacting a joint resolution (48 Stat. 112) nullifying the right of creditors to demand payment of Federal Reserve notes in gold. Historically Gold, Silver and other precious metals have always maintained their value whereas paper/fiat currencies like the U.S. Federal Reserve note have not. Today, while the value of the paper Federal Reserve note plummets, it is illegal for Americans to use Gold, Silver or other precious metals as currency. Is this freedom? Ron Paul doesn't think so."
It will be interesting to see how successful this moneybomb is given the fact that it will have only been one month since the last large moneybomb and as of this writing there only 3,229 supporters pledging $100 each. Assuming that all of the pledges donate, that only comes up to $322,900. Luckily for Congressman Paul, there always seems to be many more donations than he gets moneybomb pledges.
At this point, it doesnt appear Congressman Paul will come close to breaking his record, but the pundits will be watching to gauge his support and the enthusiasm backing him this time around. I wish Congressman Paul the best of luck and may the dollars drop on his campaign faster than the dollar is dropping in value.
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