Source: Bloomberg
Author: Bill Allison
U.S. President Biden faces many obstacles on the road to fight for re -election, but money does not need to worry about money.
According to a political strategist familiar with fundraising, the group who supported Biden promised to invest more than $ 700 million to help him defeat Ranpan.In addition, the Biden campaign team in February has received $ 130 million in funds.
In contrast, Trump's financial situation has begun to crack. The funds spent on the campaign team have exceeded the amount of funds raised in January.These money can have been put into the campaign.The fundraising activities of the Republican Commission also lag behind the Democratic Party.
In addition, Trump's personal financial resources have also been tight. The judge ruled that he paid a total of $ 540 million for a civil fraud lawsuit and a total of a slander case.
Because the support rate is not much different, money may become a key factor in determining the 2024 election.According to the data of OpenSecrets, the expenditure of the two parties is expected to exceed the US $ 14.4 billion record in 2020.In 2020, Biden was the first presidential candidate to raise more than $ 1 billion in American history. Trump raised $ 774 million.In the last few weeks, Trump had a shortage of funds and had to reduce the advertising expenditure plan in several key states.
"Money War"
The physical structure of supporting Biden and Trump is complicated, and it is difficult to directly compare the two, because some organizations, such as the National Rifle Association and Progressive Organization of the Republican Party, have not been asked to be public before the end of the election.Discover the donation.However, a number of indicators show that the Democratic Party is far ahead of the Republican Party in terms of fundraising.
Biden has the ability to make cash continuously accumulate, and Trump spent millions of dollars in the fiercely competitive primaries. Because of the four criminal prosecution, Trump's team's monthly legal expenditure is as high as hundreds of hundredsTen thousand.
Under the long time, Biden led Trump in the fund competition, but once Trump officially was nominated by the Republican presidential candidate, there was still a possibility of catching up.The Super Political Action Commission (Super PACS) relies on a small part of the strong donors to quickly raise a lot of funds.
National Rifle Association said they will actively participate in the 2024 election activities, but they will not disclose the expenditure plan in advance.
The above -mentioned strategists said that the Super Political Action Commission and other groups supported by Biden raised a total of $ 282 million last year.Because of the sharing of non -public data, the strategist requires anonymous.In addition, according to the records of the Federal Election Commission, Biden raised a total of $ 240 million for his campaign team, the National Committee of the Democratic Party and other state groups.
Jim Messina, who was responsible for the 2012 Obama's re -election campaign, said that plenty of fundraising will become the key to the victory of Biden November.
Trump spokesman Karoline Leavitt said that Trump "the funds raised from a small donor will have a million dollars more than the main opponent and Biden, which will effectively prove that he has obtained from the American people from the American peopleUnprecedented stable support. "
