Joe Biden’s campaign wants you to think that everything is just because he is raising a lot of money, even if his popularity numbers are terrible.
According to a recent New York Times investigation, Biden’s campaign had $71 million at the end of February, while Trump’s had $33.5 million. and that was before his extravagant, star-studded event in New York City that allegedly raised $26 million. The leftist media is portraying Trump as having difficulty raising money for his third presidential campaign while, like clockwork, using Biden’s fundraising figures as evidence that his campaign is not collapsing.
Democratic strategist Douglas Schoen stated last week that while former president Donald Trump may have a minor advantage against President Biden in early polls, the incumbent has a sizable lead in another race that is maybe just as crucial thus far out from November.
Given that Biden and the Democratic National Committee have been raising money together from the start of the campaign—Donald Trump only won the Republican nomination this month—part of Biden’s financial advantage has been an illusion. Even nevertheless, a closer examination of Joe Biden’s funding figures indicates serious problems for his campaign.
What matters is who is contributing to his campaign. Though Biden is undoubtedly gaining from large contributions from businesses and left-leaning interest groups, he is having trouble drawing in modest contributions from the general public.
A Fox Business examination of FEC filings indicates that big donors—those who have contributed more than $2,000—account for 35 percent of Biden’s 2024 reelection campaign funding. Just 38% of his contributions come from modest givers, namely those who provide $1 to $200. Conversely, the Trump campaign reports that an astounding 61% of its funding comes from small individuals, while only 9% comes from large contributors. Big contributors have given Biden ten times more money than they did in the last election cycle, while Trump’s numbers have dropped by the same amount.
Biden’s ongoing issue has been his inability to draw in modest donations. Politico revealed in August that Democrats are deeply worried about the dearth of modest contributors supporting Biden’s candidacy.
“Ahead of a challenging election campaign, Biden’s lack of grassroots involvement raises concerns about whether the 80-year-old incumbent is energizing the Democratic base in the manner necessary to win a second term. Additionally, it appears from the new statistics that contributors are no longer as motivated by the danger of Donald Trump, who was previously a major source of funding for Democrats.”
According to Ari Rabin-Havt, a former deputy campaign manager for Sen. Bernie Sanders’ 2020 presidential campaign, “small donors are a proxy for enthusiasm; if people are not concerned about the drop-off in contributions, then they just are not paying attention or whistling through the graveyard,” she told Politico.
Therefore, despite what the Biden campaign and the media are trying to portray, Biden’s fundraising totals are not as impressive as they seem. He is depending on the large financial resources of companies and affluent contributors to finance his campaign, but Trump has a clear advantage in terms of grassroots support.
Author: Blake Ambrose
Comments are closed.