Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

Biden backers express ‘depression’ after Trump’s massive fundraising haul: report

by June 23, 2024
June 23, 2024
Biden backers express ‘depression’ after Trump’s massive fundraising haul: report

Donors to President Biden’s re-election campaign are feeling the heat after former President Trump’s recent fundraising hauls erased what was seemingly an insurmountable cash gap.

‘There was the strategy of raising all this money on the front end so we could have this huge edge,’ a major Biden donor, who wanted to remain anonymous, told Politico in a report Sunday. ‘The whole point of it was to come out with a sizable cash advantage and, you know, we’re now even and it’s June.… I have no other word for it other than ‘depression’ among Biden supporters.’

The comments come after Trump was the beneficiary of a wave of donations, outraising Biden and the Democratic National Committee in back-to-back months and essentially erasing what was once a massive cash-on-hand advantage for Biden.

Another major Biden donor, who was also granted anonymity by Politico, described the new fundraising developments as ‘disappointing, but not surprising.’

Trump’s massive fundraising hauls come after he clinched the GOP nomination in early March, recording another major surge after being convicted on 34 felony counts in New York in May. 

Trump’s haul also comes as Make America Great Again (MAGA) Inc., a top super PAC backing the former president, received a massive $50 million donation from conservative banker Timothy Mellon.

Despite the massive Trump haul in recent months, Biden’s campaign reported rebounding fundraising numbers in May, a needed push after a weak showing in April. Former New York City Mayor Mike Bloomberg also gave a max donation of $1 million to the campaign last week, adding to the $19 million the former mayor had contributed to a pro-Biden super PAC.

Biden’s campaign also raised $40 million last week after major fundraising events in Los Angeles and Northern Virginia, while another major fundraiser in Philadelphia scheduled for Monday is already sold out, Politico reported. 

Nevertheless, the president finds himself behind in the money race for the first time in the general election campaign, with reports filed Thursday indicating that Trump and the Republican National Committee have $116.5 million in cash compared to the $91.6 million in the bank for Biden and the Democratic National Committee.

That new reality has some Democratic strategists spooked, especially with the numbers coming after the former president’s New York conviction.

‘What Democrats should worry about is that it’s even within distance – that the money is going on at Trump’s side at such a clip,’ Hank Sheinkopf, a longtime Democratic strategist, told Politico. ‘You would think a guy who’s convicted of crimes would be nowhere, but he’s everywhere financially. And that is a real problem for Democrats.

‘The challenger shouldn’t even be close on the money side, especially a guy who’s convicted of felonies,’ Sheinkopf added. ‘How is this possible, is what the Democrats should be asking.… That’s what they should be worried about.’

The Biden and Trump campaigns did not immediately respond to a Fox News Digital request for comment.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Kaspersky security software is banned in America: What you need to know
next post
Former Trump national security adviser details potential game plan to divide ‘axis of evil’

You may also like

Booker concludes record 25-hour speech against Trump, Musk,...

April 2, 2025

California Teen Arrested for Driving ‘Cloned’ Border Patrol...

September 29, 2022

Republicans charge ahead on Trump budget, setting up...

April 4, 2025

GOP senators renew call for DOD watchdog to...

May 20, 2025

Steve Bannon and Dave Walsh: EU Agrees for...

November 19, 2022

Trump-backed Majewski launches 2nd bid against longtime Ohio...

April 13, 2023

BRAZIL – Another Victim of Election Fraud Technique...

November 1, 2022

Biden endorsed by Planned Parenthood, Emily’s List and...

June 23, 2023

Obama allies, advisers helped lead the charge among...

July 22, 2024

Washington Post’s ‘bizarre,’ ‘comical’ profile of Anna Paulina...

February 11, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Tesla’s European sales fall for a fifth month in a row

      June 25, 2025
    • World leaders flock to meet with Trump at NATO Summit

      June 25, 2025
    • Find Highest Probability Counter-Trend Setups

      June 25, 2025
    • Skoda overtakes Tesla in Europe as EV buyers turn to cheaper alternatives

      June 25, 2025
    • Aston Martin resumes US exports after Trump tariffs lifted

      June 25, 2025
    • Bernie Moreno wants Senate to call for Nobel Peace Prize to go to Trump

      June 25, 2025

    Categories

    • Business (8,314)
    • Investing (2,072)
    • Politics (15,802)
    • Stocks (3,168)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved