Updated: CA-Sen: Chuck DeVore’s Money BOMB Fail

On the other hand, Chuck DeVore only raised $445,000 since October 2009. His expenses during that time were $364,000 for a net for the last quarter of 2009 equal to less than $100,000. DeVore reports $226,364 cash on hand but has debts and obligations of $83,654. So, his net cash on hand is $142,710.

DeVore’s poor showing in fundraising should re-ignite the rumors that he will soon drop out of the race.

DeVore’s campaign statement is here.

And, I documented the start of Chuck DeVore’s campaign’s moneybomb here – on January 27. Remember that a moneybomb, first promoted by Presidential candidate Ron Paul and his rabid online followers is supposed to be a ONE DAY event – a sudden cash infusion for a campaign.

Ron Paul, the libertarian contrarian of the GOP, did not use the Internet to find his fervent band of followers and donors. They found him – and set records in the process.

Paul’s backers introduced a new term to the political lexicon – “money bomb” – a one-day fundraising frenzy that yielded $4.3 million Nov. 5, chosen because it was Guy Fawkes Day in England (he’s the guy who tried to blow up Parliament 400 years ago).

But the Paulunteers (or Paulistas) were just getting started. A month later, Trevor Lyman, a music promoter who had never voted before, and his backers set off a $6 million money bomb. They picked Dec. 16, the day commemorating the Boston Tea Party. The Ron Paul Revolution set a one-day mark for fundraising that contributed to his fourth-quarter haul of almost $20 million.

But, DeVore’s campaign has failed in style and subtance. His moneybomb has been over many days and FAILED to raise any REAL money (not even meeting his own goal of $60K).

Here is what DeVore started with (or at least when I noticed his moneybomb) on January 27:

Here is yesterday morning (February 1) around 6 AM or so:

From January 27 to early morning February 1 DeVore increased about $11K