Biden just had his best fundraising month thus far, but he’s still way behind President Trump in terms of fundraising:
FOX NEWS – With Vermont Sen. Bernie Sanders’ exit from the presidential race this month, Joe Biden is the Democrats’ presumptive nominee and the general election campaign has effectively begun — and the Trump campaign has a massive financial advantage over the Biden campaign.
The Biden campaign announced it raised $46.7 million in March on Monday, marking its best fundraising month of the campaign so far. But filings with the Federal Election Commission show that even with the momentum of having wrapped up the Democratic primary early, Biden and the Democratic National Committee (DNC) trail far behind President Trump and the Republican National Committee (RNC) when it comes to their campaign war chests.
After accounting for debt owed by the DNC, Biden and the DNC have a combined $57 million cash on hand as of the end of March. That pales in comparison to the $240 million the Trump campaign and RNC had in the bank at the end of March, according to a release from the Trump campaign earlier this month.
Just to put this massive disparity into perspective, Axios quotes the New York Times as saying:
“Biden and the Democratic Party could raise almost $1 million every single day between now and November, and he would still barely catch up to what President Trump and the Republican Party had in the bank at the start of April — let alone what Mr. Trump will have by Election Day,” the Times notes.
Biden and the DNC may be at a severe disadvantage in regards to money, but Mike Bloomberg proved that massively outspending your opponents doesn’t always work, as reports show he spent 1 billion in his failed attempt to become president. Now of course Trump is no Mike Bloomberg – not even remotely. Trump has already proven that he can beat both Hillary and the Fake News Media without spending nearly what other campaigns have spent in the past. But Democrats are really amped up this year as they try and defeat Trump, so regardless of the fundraising disparity, votes are what counts and I hope the Trump campaign fights hard to the very end.