Donald Trump and the Republican’s ARE the Big Money people , Right?
We now have reports that Joe Biden and the Democrats are closing the gap….
More BAD news for the legion of Trump…..
Joe Biden has nearly closed the once-yawning cash gap between him and President Donald Trump, with big donors flooding his campaign and the Democratic National Committee with money in recent months.
Trump and the Republican National Committee have spent years building a formidable war chest, starting soon after he was elected and continuing as Democrats burned money in their own primary in 2019 and early 2020. The Trump campaign and its affiliated groups closed out June with $295 million in the bank. But Biden and the Democratic National Committee, which outraised Trump and the RNC for two consecutive months, has rapidly cut down that advantage to just $53 million, according to Biden’s campaign manager, Jen O’Malley Dillon.
O’Malley Dillon tweeted on Thursday that the campaign and its affiliates have $242 million in cash on hand, “making a $100 million dent” into Trump’s cash advantage just in the last three months.
Throughout the second quarter, Biden and the DNC together raised in excess of $53 million from more than 200 donors who gave at least $100,000 apiece. The biggest donors among them, giving at least $500,000, included philanthropist Laurene Powell Jobs, financier George Soros, and Jeffrey Katzenberg, a Hollywood producer and founder of streaming platform Quibi. More than 370 people gave at least $50,000 — a list that includes billionaires, CEOs and top business leaders from New York to California.
Trump’s financial edge has been one of a few remaining advantages in a 2020 race that has turned sharply against him, and Biden’s erosion of that edge comes at a critical time in the election. Both campaigns are starting mega-millions TV ad campaigns in battleground states, and Biden is quickly scaling up his campaign staff to match Trump’s well-funded, professionalized operation.
Biden’s gushing fundraising spigot — a sudden change from the primary, when the former vice president typically lagged behind his Democratic rivals in cash — comes as the former vice president enjoys a consistent lead versus Trump in a slew of national polls, some showing him up by double-digits…
image…Time Magazine/Brendan Smialowski—AFP/Getty Images