Beijing Biden CRUSHED by Trump in fundraising

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Wow! President Trump could have a staggering $400 million in cash by July 4th. This represents a major enthusiasm gap between President Trump and Joe Biden. It also represents the far superior field operation and digital campaign that the Trump campaign is running. Sleepy Joe is going to get the beating of his life in November.

Biden’s Campaign Is Nearly $200 Million Behind Trump

By April 21, 2020:

Former Vice President Joe Biden is beginning his general election push in a nearly insurmountable financial deficit behind President Trump.

Biden and the Democratic Party are lagging behind the president’s reelection effort by nearly $187 million, according to The New York Times. Even after Biden enjoyed a record fundraising haul in March, the presumptive Democratic nominee would need to net close to $1 million a day for the rest of the campaign cycle to close the gap with Trump.

The Trump campaign, its affiliates, and the Republican Party have been building a massive campaign war chest for the past three years, building up a reserve of cash that will be more important now that the coronavirus has stalled massive swaths of the U.S. economy.

“Trump’s clear lane is one of the huge benefits of incumbency, and he has used that advantage to turn the screws on every possible donor and execute a massive digital fund-raising effort,” Democratic strategist Jim Margolis said. “So, yes, there will be a fund-raising imbalance, but I think Biden will have enough money to run a good campaign.”

Biden raised $33 million in the first half of March, but fundraising slipped after states began issuing stay-at-home orders and uncertainty around the virus began hitting markets. Still, Biden was buoyed by clinching a large delegate lead in Super Tuesday primaries on March 3, and his campaign brought in $46.7 million in March, the most of any month of the campaign.

The coronavirus has hampered both campaigns’ ability to fundraise, a development that likely works in Trump’s favor as he can tap into vast cash reserves that Biden cannot. The Trump campaign effort began the month of April with $244 million in cash on hand, well over four times more than the $57 million readily available to Biden and the Democratic National Committee, according to The Wall Street Journal.

“Trump and the R.N.C. are on track to have $400 million cash on hand by July 4, an incredibly strong financial position in this political environment,” Chamber of Commerce senior political strategist Scott W. Reed said after the Trump campaign announced that its reelection effort brought in $212 million in the first three months of 2020.

 

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