President Biden set a report with essentially the most money available of any Democratic candidate in historical past, and none of it’s going to go to cowl authorized charges.

Biden Units Democratic Fundraising File

The Biden marketing campaign introduced:

Right this moment, Workforce Biden-Harris introduced that it raised greater than $97 million within the fourth quarter of 2023, ending the yr with a robust show of enthusiasm, power, and historic sources heading into the election yr. The staff can also be reporting a historic $117 million in money available, the highest complete amassed by any Democratic candidate in historical past at this level within the cycle.

Workforce Biden-Harris’ This autumn haul was pushed largely by the power of our grassroots help, which continued to develop in This autumn.

December was our strongest grassroots fundraising month since launch—breaking the report beforehand set only one month prior in November.

Democrats have had a fundraising benefit for years that Republicans have tried to shut however failed. Trump famously ran out of cash throughout the 2020 marketing campaign and might be in a dire scenario once more in 2024.

Fundraising Is A Measure Of Depth Of Assist

The Biden marketing campaign supplied a breakdown of their latest quarterly fundraising to PoliticusUSA:

December was our strongest grassroots fundraising month since launch—breaking the report beforehand set only one month earlier than in November.
Since launch, practically 1 million supporters have made greater than 2.3 million contributions, a transparent sign that donors are taking constant motion early in our fundraising program.
Moreover, we now have greater than 130,000 sustaining donors who’ve dedicated to donating each month—practically double the quantity at this level within the 2020 cycle.
97% of all our donations in This autumn have been underneath $200 and the typical grassroots contribution was $41.88.

Biden isn’t hitting up firms and billionaires for money to maintain his marketing campaign. His donations are coming from small donors, and individuals who donate to a marketing campaign are among the voters who’re most definitely to vote in November. On one stage, it is not uncommon sense. Donating to a marketing campaign is a private monetary dedication. The individuals who make that dedication are virtually sure to solid their ballots.

In political phrases, the fundraising and cash-on-hand numbers reveal that Biden has a passionate and dedicated base that’s prepared to fund his marketing campaign and isn’t going anyplace. That is an concept that runs counter to the polling and media narratives.

Trump Is Utilizing A lot Of His Fundraising To Pay Authorized Payments

Trump was in a position to increase cash initially off of the indictments in opposition to him, however that fundraising dried up.

The previous president has reportedly been bleeding cash on authorized payments. It has additionally been reported that Trump has not been holding his large rallies as a result of his authorized payments are draining a lot of the cash he’s elevating that he can’t afford large rallies.

Trump’s authorized bills will solely develop as his instances get nearer to trial.

President Biden will be capable to spend his money on his marketing campaign, and he shall be serving to different Democrats win.

Trump is spending his cash on the Republican major and attorneys.

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