Ron Paul Garners $1 Million in One Day

Thursday was a very good day for Texas Rep. Ron Paul, a likely candidate for the Republican presidential nomination. He drew more than $1 million of cash after his presidential exploratory committee let supporters know about a 24-hour online fundraising effort through e-mail and social networks, Politico reports.

The “money bomb,” as the marketing effort is known, brought in $1,028,436.56 to be exact. This was the second money bomb/one-day fundraiser for Paul’s potential 2012 campaign.

His political action committee received more than $700,000 on a single day in February. Paul added $3 million to the coffers of his various political organizations during the first quarter. He invented the money bomb fundraising technique when he ran for president in 2008.