Postcards from the Bleeding Edge
Monday, November 05, 2007

  One last note on Ron Paul's midnight ride

I got up long enough to check the news.

Ron Paul Graphs has nearly collapsed from the overload, the last update I got was at 11:56 PM EST, and the total Ron Paul donations for the day stood at: $3,960,233.00. A slightly later graph shows the total raised in one day to be $4,004,0000.

Today's fundraising made the front page of google news, finally.

I read the lead article in the Pimes, and enjoyed many of the comments. I note that the article, as published, doesn't have the open comments link that it did in the original blog entry - so to hell with linking to the print version, the real deal is here.

Night.

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Comments:
Mike, I did a bit of research on fundraising costs in presidential campaigns.

Past campaigns have had between 50% and 80% of the money raised in a fund-raising effort used up in the cost of the effort.

This means that if Mitt or Rudy raise $4 million dollars, their campaigns actually end up being able to use between $800,000 and $2 million of that money.

The Paul fundraising campaign, since it was run by the guys on the Forum for nothing, cost his campaign zip, so the Paul campaign actually gets the $4 million in its entirety, minus processing fees.

For all practical purposes, if this kind of fund-raiser ends up being his main source of money, he has a x2 to x5 multiplier for his donations compared to other candidates.

I'M ON YER INTERWEBS CHANGING YER GOVERMENT

Tom
 
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