Biden Campaign Financial Surge: $155 Million in War Chest Surpasses Trump's Funds for 2024 Election

Zoey Waverider

Updated Sunday, March 17, 2024 at 6:08 AM CDT

Biden Campaign Financial Surge: $155 Million in War Chest Surpasses Trump's Funds for 2024 Election

In a striking display of financial preparedness, President Joe Biden's reelection campaign has reported an impressive $155 million cash reserve for the 2024 presidential election, decisively outpacing former President Donald Trump's campaign funds. This milestone was achieved after a robust February fundraising effort that brought in $53 million, a combination of contributions to Biden's campaign, the Democratic National Committee (DNC), and joint fundraising committees, marking his most successful grassroots fundraising month since the campaign's inception.

The fundraising prowess of Biden's campaign was further highlighted in a single event on March 28 in New York, where the joint star power of Biden, former President Barack Obama, and former President Bill Clinton helped raise an additional $4 million. The campaign's donor base has expanded to 1.5 million individuals, with 500,000 new contributors stepping forward, and a notable 97% of donations under $200, indicating a strong foundation of small-dollar support.

Following the clinching of party nominations after primary victories, both Biden and Trump are set to lead their parties into the 2024 election. In anticipation of a contentious race, Biden's campaign has ramped up its operations by opening 100 offices and hiring 350 staffers in battleground states. The campaign also launched a $30 million ad campaign in seven key states following Biden's State of the Union address.

In stark contrast, Trump's campaign finances present a more tumultuous picture. His two major committees reported $36.6 million in cash on hand at the end of January, but his fundraising activities in the same month resulted in a deficit, with $8.9 million raised against over $11 million spent. The high expenditure was largely due to legal fees from ongoing court cases. Rob Flaherty, Biden’s deputy campaign manager, underscored Trump's lower fundraising outcomes, while also noting that the RNC is experiencing its weakest fundraising performance in almost a decade.

Trump has responded to these challenges by appointing Michael Whatley as RNC chair and Lara Trump as co-chair. However, the financial strain is evident as Trump's Save America PAC and the Make America Great Again PAC incurred over $54 million in legal expenses in 2023. Meanwhile, Biden's financial edge is hailed as a historic feat for a Democratic presidential candidate at this stage in an election cycle, with fundraising remaining a forte despite some polls showing low approval ratings.

The President has been actively courting voters in electoral battlegrounds, with scheduled visits to Nevada and Arizona, and a three-day fundraising blitz in California expected to net as much as $10 million. Additionally, a fundraising email from First Lady Jill Biden following a special counsel report generated $853,000, and a contest offering an event with Biden, Obama, and Clinton yielded $4 million in February.

Biden's campaign has mobilized more than 6 million people since the 2020 election cycle and anticipates an uptick in contributions as the prospect of Trump's return becomes more tangible. Focused campaign emails presenting Trump as the likely Republican nominee have spiked grassroots donations by 40% month-over-month.

DNC leader Jaime Harrison is championing the committee's grassroots fundraising records as a testament to their financial strength and is leveraging high-stakes messaging to galvanize supporters. Despite the financial challenges faced by Trump and the RNC, Biden's campaign is experiencing what they term "record-breaking grassroots enthusiasm," demonstrated by the 562,000 contributions from 469,000 unique donors in February alone. This enthusiasm, coupled with strategic contrasts between Biden's agenda and Trump's record, has bolstered the effectiveness of fundraising efforts.

President Biden commented on this fundraising enthusiasm during a radio interview with WNOV 860 in Wisconsin, emphasizing the historic nature of the campaign's cash on hand, which is the highest for any Democratic candidate at this stage in a campaign. The Biden campaign is leveraging this momentum to fund an extensive advertising campaign and robust on-the-ground campaign infrastructure, setting the stage for a formidable 2024 election fight.

Conservative Bias:

Folks, here's the deal: The liberal elite are at it again, flaunting their massive war chest as if money alone is the measure of a campaign's worth. The so-called "impressive" $155 million that Biden and his cronies have stockpiled comes from the same deep-pocketed donors and Hollywood types that sneer at the everyday American. It's a clear sign of desperation from a flailing administration that knows it can't win on policy, so they're trying to buy their way to victory. And let's talk about those small-dollar donations they're so proud of – it's just a smokescreen to hide the influence of big money in politics that Democrats always claim to oppose. Meanwhile, President Trump, despite the relentless witch hunts and baseless legal battles pushed by the left to drain his resources, continues to stand with the hardworking men and women of this country. His campaign is fueled by the passion of the American people, not by the size of the bank accounts of the coastal elites.

Liberal Bias:

In a stunning rebuke to the corrupt, fear-mongering tactics of the Trump machine, President Biden's campaign has amassed a monumental $155 million war chest, showcasing the overwhelming grassroots support for a leader who actually cares about the American people. This historic fundraising achievement is a testament to the power of democracy and the rejection of Trump's divisive, hate-filled agenda. The fact that Trump's campaign is bleeding money on legal fees is poetic justice—proof that his crooked ways are finally catching up to him. The Republican National Committee's abysmal fundraising is the canary in the coal mine, signaling that Americans are fed up with their regressive policies and ready to invest in progress, hope, and the true American values that President Biden champions. While Trump scrambles to prop up his faltering campaign with cronies and nepotism, Biden's financial edge is not just a number—it's a resounding battle cry for decency, unity, and the soul of our nation.

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