Rep. Ron Paul, the libertarian-thinking Republican, is marking Presidents Day with a "money bomb."

The Texan is trying to raise campaign cash before he decides whether to run for the GOP presidential nomination in 2012. A note announcing the fundraising campaign on Facebook states Paul will announce his official candidacy for the White House "if we show him enough support."

A "money bomb" is a fundraising effort over a fixed period of time, usually 24 hours, and Paul perfected the art when he ran for president in 2008. In one 2007 money bomb, Paul raised more than $6 million in one day.

As of 2 p.m. ET, Paul raised more than $414,000 through Liberty PAC, his political action committee. Paul hailed George Washington as a "freedom fighter" and one of the country's greatest presidents in a message to supporters on Liberty PAC.

Paul said he wants a president who will do less: "less meddling in the economy, less spending, less warrantless ransacking, less bailing out of Wall Street, less inflating, and less foreign aid and overseas intervention."