2020 Fundraising Update: Biden's Big Cash Advantage Over Trump : NPR
By: Barbara Sprunt (NPR)
The Democratic Party is all about the money. And Democrats are very good at spending other people's money.
Unfortunately all that money comes with a political debt. Democrats owe a lot of people political favors.
S E E D E D C O N T E N T
With less than two weeks remaining in the presidential contest, Joe Biden's campaign enjoys a massive cash advantage over President Trump's.
The president's campaign committee finished September with $63.1 million in its coffers, compared with the Biden team's $177.3 million cash on hand, according to new filings with the Federal Election Commission late Tuesday evening.
Democrats were quick to delight in Trump's lagging figures, touting their cash on hand numbers in Tuesday night tweets.
It's a severe reversal for Trump, who began his reelection campaign with a large cash advantage.
The Biden campaign announced last week that along with allied Democratic groups, it raised a record-setting $383 million in September alone — about $135 million more than the Trump campaign and Republican affiliates collected last month.
Last week, Trump communications director Tim Murtaugh tweeted that the Trump campaign, the Republican National Committee and joint committees had $251 million cash on hand, writing: "President Trump hits final stretch with strength, resources, record & huge ground game needed to spread message and secure re-election."
Meanwhile, the Biden campaign announced that along with the Democratic National Committee and affiliated groups, the campaign had $432 million in the bank.
A candidate's own campaign committee has the most flexibility with regard to spending.
Trump's campaign has been outspent on television ads in recent weeks, as Biden has dominated the airwaves, particularly in Pennsylvania, Michigan and Wisconsin — three critical swing states.
Defending himself against Biden's major fundraising advantage, Trump told a crowd in Erie, Pa., on Tuesday that he could be the "king of all fundraisers" if he wanted.
"I would be the greatest that ever lived," Trump said. "All they have to do is give me a list of the top hundred companies, I'll call the president of every one. They will pay me whatever I want. I would set every record. The problem is, I'd owe them."
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President Joe is doing what he does best; selling political influence. But we'll never know what President Joe owes to whom.
So you are putting accusations against one candidate and not the other....
Am I sounding too much like an ultra-liberal Democrat?
No but it does sound like avoiding the question.
Just following President Joe's example. Aren't our leaders supposed to set the example we are to follow?
Haha...So donald is an example to follow?
Nerm, you're the only one calling Biden "President Joe". For someone who isn't voting for him and dislikes everything about him, you look rather silly calling Candidate Biden "President Joe"
Do you have a link to back up your accusation?
Biden Faces Pressure From Left Over Influence Industry Ties
Aren't you glad you asked? Maybe I'll seed this one, too.
Trump Has Reportedly Already Blown Through Nearly a Billion Dollars of His Campaign Cash
They transferred over $200 million to 3rd party LLC's to avoid financial oversight. Trump's war chest is going right into a few people's pockets, just like Bannon's wall funds.
Why are conservatives only against financial campaign reform when liberals outspend them? Were it up to me, I'd outlaw all PACs and people could only donate to a candidate they are eligible to vote for. And all campaigns would be required to keep records of who donated and how much so they can be audited if necessary.
Reminds me of Graham. He lost the battle in fundraising so he now comes out condemning all the money and wants reform. Never said a word when he really didn't have a challenge.
I've always wanted campaign finance reform and I haven't changed my mind even tho Biden is getting more donations than trmp.
The dark money definitely has to go and all donations should be transparent
Oh I agree. All the super pacs and dark money should be outlawed.
I just think it is ironic that the only time someone in congress will ever broach the subject, it is because they are on the losing end of all the finances.
With all this money that is spent on elections, it could make everyone in the country live comfortably.
Our priorities are completely out of wack.
amen!