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President Donald Trump enjoys a huge financial lead over his Democratic rivals as the 2020 election cycle heats up, after raising more than $ 30 million in funding in the first three months of this year.
Senator Bernie Sanders of Vermont – one of the co-leaders of the polls for the 2020 presidential elections – holds a large lead over rivals in terms of the money available to his campaign. Presidential candidates must inform the Federal Election Commission by the end of Monday of funds raised and spent in the first quarter of 2019.
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Trump's re-election campaign raised $ 30.3 million in first-quarter fundraising from January to March, and reported $ 40.8 million in cash. The Republican National Committee, which will support the re-election of the president, has collected an additional $ 45.8 million in the first three months of the year, a record for the party in a non-election year. Together, the party and Trump's two re-election committees can boast $ 82 million in the bank, a huge war chest so early in the presidential election cycle.
"The president holds a much stronger position at this stage than any other incumbent candidate for re-election, and is only continuing its momentum," said Trump's re-election campaign director, Brad Parscale.
Breaking with generations of precedents, the president laid down his campaign documents to be re-elected on the day of his arrival at the White House. He raised more than $ 127 million in his first two years at the Oval Office.
This is a radical change from his 2016 campaign, a low budget affair compared to Democratic presidential candidate Hillary Clinton. Trump eventually self-financed much of his campaign, putting $ 66 million of his own money into his White House bid.
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And the preparation for his candidacy for Trump's re-election, immediately after his accession to the presidency, contrasts with his two immediate successors.
President Barack Obama announced his candidacy for re-election only in April 2011 and had only $ 2 million at that time. And President George W. Bush raised less than $ 270,000 in his first two years of office before his re-election in 2004.
The Trump campaign extolled its grassroots appeal, announcing that 98.79 percent of first quarter contributions were $ 200 or less and the average donation for the campaign was 34.26 percent. USD.
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Among the Democrats, Sanders is leading the way in the amount of funds raised and the amount of funds in the bank. The Vermont Independent, making its second consecutive bid for the Democratic presidential candidacy, said it raised $ 18.2 million and had $ 28 million, after transferring the remaining funds from its bid for re-election in the Senate of 2018.
Senator Kamala Harris of California said she raised $ 12 million. Former Maryland representative John Delaney did the same. Of this amount, $ 11.7 million represents an injection of money from the candidate, who is an independent multimillionaire.
Former Texas representative Beto O'Rourke raised $ 9.4 million in the first 18 days of the campaign, including $ 6.1 million in the first 24 hours after the date of his campaign. application.
When Pete Buttigieg announced earlier this month that he brought in nearly $ 7.1 million in the first quarter, that was another sign that the mayor of 37-year-old South Bend, Indiana, had passed from long-term player status to one of the main contenders for the title. Democratic nomination. In Monday's campaign with the FEC, her campaign revealed that she had $ 6.4 million on 1 April, indicating that it has sufficient resources.
But his burn rate could increase in the future, as Buttigieg, over the past two weeks, has doubled his campaign staff from 20 to 40 people, moved to a larger headquarters and is currently recruiting staff for primaries and advance caucuses. States.
The Buttigieg campaign also claimed to have raised a million dollars in a few hours on Sunday after the candidate officially declared his candidacy for the presidency.
Among the celebrities who contributed to Buttigieg during the first quarter – actors Jayne Lynch, Mandy Moore, Ryan Reynolds and artist Chelsea Handler.
Senator Elizabeth Warren raised $ 6 million in the first quarter. The Massachusetts Democrat, who insisted on the fight against corruption and large sums of money in politics, announced at the end of February that she was giving up "luxury receptions or major fundraisers only with people capable of big checks ", as well as phone calls with wealthy donors. The senator had $ 11.2 million in the bank thanks to a major transfer of funds from her 2018 re-election campaign.
Sen. Amy Klobuchar of Minnesota raised $ 5.2 million from the launch of her campaign during a snowstorm in February until the end of the first quarter. It had $ 7 million as of April 1, thanks to the transfer of funds from its 2018 re-election campaign.
Senator Kirsten Gillibrand of New York raised only $ 3 million in the first quarter, but thanks to the transfer of funds from her candidacy for the 2018 re-election, she had $ 10.2 million available to the bank for his presidential campaign. And Senator Cory Booker of New Jersey earned $ 5 million in his first two months as a presidential candidate, and as of April 1, he had $ 6.1 million in cash.
Fundraising is considered an important barometer of the candidate's popularity and the strength of his campaign. The money can be used by a candidate to build an organization, hire staff and consultants, increase voter awareness efforts, travel and funding announcements.
Democratic strategist Jesse Ferguson, a veteran of the presidential campaign, said the numbers are "an important data point to show us how the campaigns are doing."
"The figures will surely be over-interpreted, but they will tell us which is the base of support needed to stay on the long run," said Ferguson, who was one of the key spokesmen for the 2016 presidential campaign. to Clinton.
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