Can Michele Bachmann Drop a Money Bomb?

May 25, 2011 11:10am

ABC News’ Russell Goldman (@GoldmanRussell) reports:

Michele Bachmann’s goal for today? Raise $240,000 in 24 hours.

Though the Minnesota Republican says she won’t officially announce whether she is running for president until June, it has not stopped the Tea Party favorite from an aggressive grassroots fundraising effort.

“Please make a contribution and join my 24-hour money bomb to raise $240,000 in 24 hours and make Barack Obama a one-term president,” Bachmann writes on her website.

Bachmann has already proven herself an adept fundraiser, capable of raising large sums of money through small donations.

Today’s “money bomb” appeal is the latest in recent months, in which she has used the Web to launch clever fundraising opportunities aimed at small donors.

Already this year, Bachmann’s small donor rate outpaces President Obama and she has raised more from small donors than any of the leading Republican presidential contenders did four years ago, according to the Center for Responsive Politics.

In April in honor of her 55th birthday, she asked supporters to make a $55 or $110 donation, one or two dollars per year, to celebrate her birthday.

Earlier this month, she asked supporters to take a simple online poll and then make a donation: $25 “if you want me to continue fighting the Big-Government Obama agenda in the U.S. House of Representatives. If you want me to seek the presidency, please make a donation of $50 or even $100 to let me know I can count on you.”

Bachmann is one the most successful fundraisers in the House.  In the first quarter for the year she raised more than $1.7 million for her re-election campaign, according to the Center for Responsive Politics, more than any other candidate aside from Speaker of the House John Boehner, R-Ohio.

Seventy-five percent of those donations were from contributors who gave $200 or less.

As of March 31, Bachmann's campaign committee reported $2.8 million cash on hand. That cash can be directly donated to a potential presidential fund.

It remains to be seen whether the small donor support that propelled her to victory in the House can scale up to a national campaign.

In a video posted alongside today’s “money bomb” appeal, Bachmann deftly skirted around whether or not she had made a decision about ultimately running.

“My family and I are prayerfully considering what the next 18 months or so may bring,” she said.

“We’ve seen incredible support pouring in through Facebook, through our new website and the Team Bachmann momentum is building and it’s very encouraging as we look to our next steps. So, with your generous support right now whether its $24 or $240 will continue this momentum and connect with conservatives all across this country, because I believe that together we’re going to make Barack Obama a one-term president.”

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