While the media breathlessly reports what the Bernie Sanders, Kamala Harris , Beto O’Rourke have collected in fundraising in the first quarter this year?
The numbers are far below the numbers the last two Democrat nominee’s raised a year before the nomination vote….
The media is all excited that the money so far has come from small donors….
THAT is gonna be enough to start a serious run for the nnomination and the election….
The frontrunner for the nomination hasn’t even declared yet?
We’ll see if Joe Biden announces for the second quarter numbers TIMES the others and maybe even more than the whole field?
In the 2008 Democratic primary, Hillary Clinton and Barack Obama each raised more than $25 million in the first quarter of 2007.
None of the 2020 contenders that have publicly released fundraising numbers have hit the $20 million mark, although Sanders and O’Rourke entered the race later in the quarter and exceeded the daily averages posted by both Obama and Clinton in the first three months of 2007.
In 2016, Clinton raised $47.5 million in her first quarter of fundraising, averaging more than $600,000 per day. The massive haul is more than the top three 2020 contenders combined.
Sanders raised $18.2 million over 41 days, for an average of $444,000 a day, although after subtracting his first-day haul, his average has been about $307,500 ever since.
O’Rourke raised $9.4 million in 18 days, including a staggering $6.1 million in the first 24 hours after his campaign announcement, putting him at an average of about $522,000 per day. His daily average fell to less than $200,000 after his first day of fundraising.
For comparison, Obama raked in an average of about $348,500 per day in the first quarter of 2007. Clinton’s daily average in the same time frame was about $372,000…..
But the big establishment money drawn from bundlers collecting checks at swanky fundraisers remains parked behind Biden and McAuliffe, though neither is in the race at this point.
“Terry McAuliffe is a very close friend. I am waiting on him to decide,” said John Morgan, an Orlando lawyer who raised millions of dollars for Clinton’s 2016 campaign.
Another prominent donor said the first-quarter totals for candidates prove that there’s a “wait and see attitude.”
“I think a lot of people still don’t know who can beat Trump,” the donor said. “And there’s also the fact that Joe Biden is still not in the race. I think lots of people are waiting to see how he shapes the race and whether he can maintain his lead in the polls.”
That group of donors includes Joe Falk, who raised millions of dollars for the Obama-Biden campaign.
“I am a Biden loyalist,” Falk said. “I will support him.”….