How much do the candidates raise? We now know thanks to the filings made over the weekend. There are a lot of things we can learn from this data, such as the fact that the Democrats don’t have a good situation.
Let’s start by looking at the GOP field.
According to The Wall Street Journal, Donald Trump, former president, is the leader in donations.
The weekend fundraising reports show the importance of outside groups in defeating Trump during the primary. Trump’s campaign, which was fueled by small donors, raised $25 million from July 1 to September 30, while DeSantis, who came in second, raised $ 11 million. Anyone can donate up to $3,300 to the campaign accounts of candidates for the primaries, but wealthy donors can pour in millions to so-called super-political-action committees that are aligned with candidates.
Some donors withhold their money from the runners-up because they believe that the nomination is already set and that Trump will be the nominee. They’re still feeling the pain of 2016, and aren’t too optimistic about their candidate’s chances, given that Trump has a huge lead in polls just three months before the election.
Ken Spain, an experienced GOP strategist and Washington-based business advisor, said: “It is becoming increasingly clear that the cavalry will not be coming.” “The donor community is beginning to realize the strength of Trump, and how difficult it will be to dislodge a large part of his base. If you tilt at windmills, it’s not going to work.
Rob Collins, co-chair of a super PAC that supports South Carolina Senator Tim Scott, wrote a new message to donors saying that the group was taking a step that would “be obvious in the business world”, by canceling much of its planned fall advertising.
The Wall Street Journal reviewed a copy of his document. He wrote that Republicans opposing Trump were “wasting money” while the GOP field dwindled.
DeSantis, the current governor of Florida, and former U.S. Nikki Haley, the ambassador to South Korea, is in a close race with DeSantis for second place. DeSantis has only $5 million to his name compared to Haley’s $12 million.
Trump, on the other hand, has spent almost nothing and is currently sitting with $38 million to run his campaign.
Three months may not seem like much, but a lot can happen between now and the election. Donations tend to rise dramatically as the date of the elections approaches. Trump’s current financial situation is something to envy, at least temporarily.
Joe Biden is the next person to be mentioned.
Biden’s situation appears to be very positive. Biden hasn’t spent much because he isn’t competing in the primaries. And as the only Democrat running, he gets all the attention of donors. The Wall Street Journal reports that this has led him to raise more money than Trump. However, you will notice the clever use of numbers.
The Wall Street Journal reported that Biden’s campaign and the DNC combined raised $71 million. This was clearly more than Trump, leaving $91 in the bank. It’s a large sum of money. Biden’s luxury to be the only man on the Democrat side is nice, but not for long.
When the dust settles, the Republican Party will likely only have one candidate. Let’s examine the facts.
Biden’s campaign raised $24.8 million between July 1 – September 30, compared with Trump’s $24.5. The GOP has donated money to many candidates and some have withheld it for the moment. Once a candidate wins the primary, the GOP’s money will surpass that of the Biden campaign.
All of Biden’s current income can be classified as Kinetic. It is in motion and play. The GOP money is a potential energy source, particularly if predictions prove correct and Trump becomes the nominee. It’s important to remember that nothing is set in stone. However, when the Republican Party, its voters, and the party itself have a clear direction, it can be assumed that many of the donors will open the dams they have built.
We can only imagine the impact of a single GOP candidate and the unity of many donors if Biden’s fundraising is only barely ahead of Trump’s. While the DNC fundraising is not something to be proud of, the GOP’s post-primary campaign fundraising will also be impressive once donors know what direction they want to go in.
Biden’s campaign has a lot to celebrate right now, but Democrats will have less to be proud of after the GOP Primary.