Do Money Bombs Work?

We are quite familiar with the idea: internet technology and election campaign organizers have combined to form the one-day money-bomb blitzes designed to garner media attention for political candidates.

2008 presidential candidate, Ron Paul, held the first-ever successful money bomb, receiving a record $4.2 million on November 5th, 2007 and $6 million in December 16th, 2007  – both organized by former non-voter Trevor Lyman, as reported from USA Today

Since then, several candidates have taken the idea and used it for their own campaign.  Illinois congressional candidate, Matt Reichel of the Green Party, is shooting for a money bomb on September 30th, according to greenpartywatch.org. 

And Peter Schiff, potential candidate for Senator in Connecticut, raised nearly $350,000 in an August 10th money bomb, according to digitaljournal.com

The New American has reported on the most recent money bomb candidate:  Rand Paul, running for Kentucky Senator.  His website, randpaul2010.com, is showcasing progress of the money bomb, and charts displaying the day’s progress are recorded at randpaulgraphs.com.

Rand Paul is polling at 26% for the Kentucky senate race, 11 points under Republican Trey Grayson at 37%.  In the media’s eyes, Rand’s polling is quite notable, as other senator contestants are polling at 1 and 2 percent.

But, as usual, money talks in politics. We’ve yet to see if, once again, money bombs work. Do they really get media attention? Or is it all in vain?

 

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