Since a large percentage of Trumps $$$ is going towards legal bills...the gap is larger than the numbers suggest.
Recent polls have given Democrats good reason to feel gloomy and anxious about President Joe Biden’s chances of winning re-election. But there’s an important area in which Biden is outstripping former President Donald Trump: money.
Biden and the Democratic Party have a significant cash advantage over Republicans at the moment. That could change in the coming months, but so far it’s a sign that Democratic donors are reasonably engaged with the party and that Republicans have some financial vulnerabilities. If Democrats maintain their relatively strong financial position it will give them an edge in the run-up to Election Day.
Biden’s main campaign committee started 2024 with about $46 million in cash on hand, significantly more than Trump’s $33 million, according to Federal Election Commission filings. To be clear, Biden’s lead over Trump isn’t massive, and around the same point in the 2020 election cycle then-President Trump had a whopping $102.7 million in cash on hand. But there are a number of reasons that Biden’s financial advantage may be particularly durable.
Recent polls have given Democrats good reason to feel gloomy and anxious about President Joe Biden’s chances of winning re-election. But there’s an important area in which Biden is outstripping former President Donald Trump: money.
Biden and the Democratic Party have a significant cash advantage over Republicans at the moment. That could change in the coming months, but so far it’s a sign that Democratic donors are reasonably engaged with the party and that Republicans have some financial vulnerabilities. If Democrats maintain their relatively strong financial position it will give them an edge in the run-up to Election Day.
Biden’s main campaign committee started 2024 with about $46 million in cash on hand, significantly more than Trump’s $33 million, according to Federal Election Commission filings. To be clear, Biden’s lead over Trump isn’t massive, and around the same point in the 2020 election cycle then-President Trump had a whopping $102.7 million in cash on hand. But there are a number of reasons that Biden’s financial advantage may be particularly durable.
Opinion | Biden and the Dems have a cash advantage. That matters.
Why Democrats should feel a little less gloom about Biden’s standing in the polls.
www.msnbc.com