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The president has blown past individual Democratic presidential campaigns in fundraising for his 2020 reelection bid. But the crowded primary field together more than tripled his 2019 cash haul, according to a CNBC analysis of Federal Election Commission filings and campaign statements.
No incumbent president this century has been so thoroughly outraised by a field of challengers in the year before a reelection contest. The main Republican challengers to President Barack Obama in 2012 barely took in more than the incumbent in 2011.
Meanwhile, President George W. Bush narrowly topped his challengers in fundraising in 2003, the year before he won reelection in 2004.
“The field is trouncing Trump in fundraising and that is unprecedented,” said Sarah Bryner, director of research and strategy at the Center for Responsive Politics.
2019: Trump had $143.8 million in total receipts, versus $515.6 million for his Democratic challengers. That’s 28% of his rivals’ total. In individual contributions, the president’s $76.3 million made up only 16% of the $471.6 million raised by the Democrats.
Source: (CNBC) The 2020 Democratic field is outraising Trump by a huge margin — that didn’t happen to Obama or Bush
I'm posting this here GPD rather BN, due to it striking me as more of an analytic piece.
I've had posters here post figures showing Trump raising more than Biden or some other Dem nominee, as part of their arguments. But that always struck me as an incorrect argument, because to claim 'Trump is out-raising a specific candidate' does not reflect that the majority of Dem donors may unite in their support of the eventual nominee. In other words, how much are those supporting Dem candidates giving vs those supporting Trump?
Well, just now, I happened to stumble across my OP article. And it was an eye-opener. If we take the article at its face value, it seems the Dems are clobbering Trump in fundraising by a factor of 3X in total, and by a factor of nearly 7X in individual contributions. I haven't done any further research or verification, but just thought I'd post the article 'as is' here in GPD.
A sad aside:
While money may possibly be a sign of support or energy for a candidate, I personally am disgusted that we even have to think in terms of money rather than democracy. If it were up to me, I'd drastically get money out of our political/electoral process.
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