President Donald Trump has achieved a feat that no President before him has been able to, and he is now sitting pretty with the most well-funded re-election campaign in history, according to fundraising numbers released last week.
A report by Politico indicates that President Trump and the Republican National Coalition have raised more than $300 million, and the President alone has a whopping $158 million cash on hand to kick off his re-election bid, more than any other incumbent president at this point in his campaign.
The impressive numbers have created quite a furor among Democrats causing at least one strategist to tell Politico that “[t]he resources he has will be put to work anywhere and everywhere that he feels like he can scare up electoral votes, and Democrats will never catch up. It’s just too much money.”
While Democratic presidential contenders have collectively outraised Trump, their individual funds are being used for multiple purposes, including attacking one another.
More concerning for the Democrats is the fact that there is no guarantee that any one candidate, once nominated, would have the same pull as the field has collectively.
Any Democrat that wants to compete with Trump will also have to raise the same amount of money — or more — in a much shorter period of time.
Assuming the race for the nomination continues as a nail biter, the Democrat lucky enough to be nominated to lose to Trump will have just a few months to knock out the sitting President who already has a foothold on key states due to the ability to run re-election ads a year before the vote.
Trump is also ahead of the game on donor identification. Since the re-election campaign began amassing in early 2019, it’s been running “an expensive, far-reaching effort to find new small-dollar donors,” and it’s working.
In just the last fundraising quarter, Trump 2020 has identified more than 300,000 new donors for the cost of just $4.2 million.
The three candidates at the top have had difficulty raising from across the Democratic spectrum, for example. Former Vice President Joe Biden is reportedly “burning through funds” an an alarming, unsustainable rate. According to the Washington Examiner, Biden is spending 12% more than his campaign is bringing in.
Elizabeth Warren, Biden’s strongest rival, for her part, has her own set of issues. She’s refusing to accept money from high-dollar donors and refusing to appear at big money fundraisers, according to Variety Magazine. This is… an interesting approach to say the least, but one that will make it nearly impossible for her to challenge a candidate like Trump, who was able to secure the 2016 Presidency with far less funding.
“You can’t unilaterally disarm, especially considering the war chest that Donald Trump is going to have. You can’t go in as Grenada against the United States,” one Democratic strategist told the entertainment news magazine.
“Elizabeth Warren has to figure out what is the best way to defeat Donald Trump, if she’s the nominee. If the best way is to get on the phone with somebody because you need that commercial time in Ohio, then that’s what you do.”