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Started By
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Trump's cash woes mount as Biden laps him
Posted on 10/21/20 at 9:22 am
Posted on 10/21/20 at 9:22 am
https://www.politico.com/news/2020/10/21/trump-cash-woes-430691
quote:
The president started October with $63 million to spend compared to Joe Biden's $177 million.
Joe Biden’s campaign outraised Trump’s by an eye-catching $200 million in September and started October with $177 million in the bank. That's a nearly 3-to-1 edge over Trump’s $63 million, putting Trump at a deficit without parallel in the modern era of campaign financing, especially for a sitting president. The last incumbent to face reelection, Barack Obama, had nearly $100 million left to spend at this point in 2012, while his challenger, Mitt Romney, had almost exactly the amount Trump has left this year.
quote:
Altogether, including the campaigns, national parties and affiliated fundraising committees, Biden announced a cash edge of $432 million to Trump’s $251 million earlier this month, but the campaign-to-campaign comparison is important — and even more stark.
quote:
Simply put, Biden has more money and fewer restrictions on how he can spend it at the most critical moment of the presidential election, with tens of millions of people already voting.
The wide fundraising disparity is translating into a significant spending gap favoring Biden. Trump has cut back his TV ad reservations in key states and is being vastly outspent in other battlegrounds, a turn of events that would have seemed unlikely at best in March, when had a nine-figure cash edge over Biden as the former vice president emerged from a contested Democratic primary.
Trump’s sprawling campaign machinery and his cash edge led then-campaign manager Brad Parscale to compare it to Star Wars’ “Death Star.” But Biden has hit new campaign heights, powered by a potent combination of wealthy Democrats and energetic small-dollar donors.
Certainly, Trump pulled off a victory in 2016 despite being outraised and outspent by Hillary Clinton. But the dire financial picture is worrying many Republican strategists, who argue a sitting incumbent should be better positioned and that the lack of money compounds the president’s polling deficit and his struggles with the coronavirus pandemic.
quote:
“The obstacles to victory are mounting and the clock is ticking,” said Ken Spain, a Republican consultant. “It will likely take a political earthquake to change the trajectory of this race.”
quote:
Biden’s campaign raised $282 million in September to Trump’s $81 million, not only building up more cash in reserve but sending his spending into overdrive, outstripping Trump.
On TV ads in September, Biden outspent Trump more than 2-to-1, $173 million to $69 million, according to Advertising Analytics, a media tracking firm.
81
Posted on 10/21/20 at 9:23 am to Mickey Goldmill
Maybe Hunter can share some of that Chinese money with DJT? Or did he spend it all on hookers and blow? We know the answer.
Posted on 10/21/20 at 9:23 am to Mickey Goldmill
Clinton had literally billions of cash on hand, spent all of it, and still lost. I believe it was estimated that Trump spent less than $100 million in the 2016 campaign.
Posted on 10/21/20 at 9:23 am to Mickey Goldmill
That’s a lot of wasted money.
Posted on 10/21/20 at 9:24 am to Mickey Goldmill
You can't buy integrity Micky, its over bud
Posted on 10/21/20 at 9:25 am to TrouserTrout
They still think $$ has a direct correlation to victory. Jeb Bush spent 100 million trying to defeat Trump. Trump spent a tiny fraction of that and destroyed the entire Republican globalist cabal.
Posted on 10/21/20 at 9:25 am to Mickey Goldmill
What exactly do you see turning on greater campaign spending here?
Posted on 10/21/20 at 9:26 am to Mickey Goldmill
Lulz this is what your sqaud is coming up with?
Meanwhile
Meanwhile
Posted on 10/21/20 at 9:26 am to Mickey Goldmill
its truly shocking that the big money Wall Street people are throwing money are Biden, yet Biden constantly claims that Trump is the one protecting Wall Street.
Posted on 10/21/20 at 9:26 am to Mickey Goldmill
Money laundering scheme
Posted on 10/21/20 at 9:26 am to Mickey Goldmill
Why are you supporting pedophiles and rapists?
Posted on 10/21/20 at 9:26 am to Mickey Goldmill
Help me understand this. What is money going to change at this point? How many votes are up for grabs 2 weeks before an election in 2020 where everyone in America has access to all the information they could ever want on both candidates and their politics? The amount of money being spent right now seems pointless.
Posted on 10/21/20 at 9:27 am to Mickey Goldmill
Joe Biden's wall street donors aren't reflective of the country as a whole obviously.
Posted on 10/21/20 at 9:27 am to Mickey Goldmill
Seems like Trump is pretty good at not spending a ton but still can win! 
Posted on 10/21/20 at 9:27 am to Mickey Goldmill
Hillary out spent him last time. How did that work out?
Posted on 10/21/20 at 9:27 am to Strannix
quote:
You can't buy integrity Micky, its over bud
These left-wing loons don't give a damn about integrity.
Posted on 10/21/20 at 9:27 am to Mickey Goldmill
Bless your heart. It's like you're addicted to failure.
Does your Obamacare plan cover mental health treatment?
Does your Obamacare plan cover mental health treatment?
Posted on 10/21/20 at 9:27 am to Y.A. Tittle
Biden also has billions in campaign money in the form of big tech and msm.
Posted on 10/21/20 at 9:28 am to Mickey Goldmill
quote:
Mickey Goldmill
You can’t be serious with this.. if you are
Posted on 10/21/20 at 9:28 am to JasonMason
quote:
Joe Biden's wall street donors aren't reflective of the country as a whole obviously.
Don't forget his foreign donors who are desperate to oust Trump
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