Wall Street Jounal Blog on the November 5th Money BombSubmitted by Texas Little El on Mon, 11/05/2007 - 12:41
If all goes as planned, the Ron Paul presidential campaign could raise $10 million today. At least that’s what his supporters are working toward.
A grassroots effort run by supporter Trevor Lyman through the site www.thisnovember5th.com was initially asking for 100,000 people to sign up and pledge to give $100 today, for a total that could make cash-strapped Republican Sen. John McCain blush. As of Saturday, however, the site had only registered about 18,000 supporters for the “moneybomb” — far short of the total but enough to create a notable and growing boost to Paul’s campaign chest.
Paul tracks his donations in real time on his web site. The clock started ticking at midnight when current donations were listed at $2,773,017.02. At the time of this posting — eight hours into the 24 hour effort — he had raised more than $1 million for a total of $3,805,615. In the time it took to write this post, he raised more than $30,000. The campaign has set a $12 million fundraising goal for the fourth quarter, which ends Dec. 31.
According to an email sent to supporters from thisnovember5th.com, the Paul campaign has “upgraded their servers and are ready and happy to accept the donations.” If Paul keeps up this momentum that figure could easily be attained. The upstart Republican presidential candidate has drawn a devoted online following that has funded his campaign mostly through small individual donor contributions. The money has allowed him to expand his campaign operation and buy television ads in crucial early state New Hampshire.