Add campaign fundraising to another place Biden & Co are ahead of Donald Trump and his party….
Reports are that the Republicans and Trump are so short of money that Trump might have find $100 Million somewhere to finance his campaign…
(Trump is probably NOT gonna use a nickel of ‘his’ money since he’s an expert at spending other people’s money and boasting about it…)
Donald Trump and the Republican National Committee raised $210 million in August, falling $154 million short of Joe Biden’s haul over the same period.
Biden and the Democratic National Committee previously announced raising a stunning $365 million last month, a record-shattering total that Trump failed to match. Neither campaign has yet released their cash-on-hand totals, but last month’s fundraising disparity means Biden may have closed Trump’s once-formidable cash advantage.
That dwindling cash edge has alarmed Republicans, as the Trump campaign comes under new scrutiny for how it has spent the hundreds of millions of dollars it raised from 2017 until now.
“As a donor and a Trump supporter, I’m pretty flabbergasted that the cash on hand advantage I thought we had over the Democrats has evaporated. It’s not something I saw coming,” said Dan Eberhart, a Republican donor.
Eberhart said he thought there was still time for Trump to turn around the fundraising trend and noted that the president won in 2016 despite being outraised by Hillary Clinton. But “Biden’s fundraising strength, coupled with the fundraising strength of Senate Democrats, clearly shows that the momentum, through donor investments, is siding with the Democrats,” he added.
In public polling, Biden is averaging a 7- to 8-point lead over Trump after both parties held their national conventions last month. Biden’s own eye-popping cash haul coincided with his selection of Kamala Harris as his running mate, which has helped Biden dip into pockets of money that were previously less open to his campaign. In the two days following her announcement as the vice presidential nominee, the Biden campaign raised $48 million.
But Trump’s August fundraising total — still a one-month fundraising record for the president and his affiliated political committees — will likely not be enough to hold on to his slim, $6 million cash on hand lead he held in July. Earlier this week, Bloomberg reported that Trump floated ponying up $100 million of his own money to spend on his reelection effort. Back in 2016, Trump contributed $66 million to his campaign.
“Fundraising numbers are often a lagging indicator and these numbers reflect the momentum boost Biden received in August,” said Ken Spain, a Republican consultant and a former spokesman for the National Republican Congressional Committee. “Since then the race has tightened, but an incumbent never wants to be losing the money race this deep into the campaign.”….