Biden piles cash into DNC, state parties and his campaign in third quarter

[BumRushDaShow]

Source: NBC News

Oct. 15, 2023, 8:00 AM EDT


President Joe Biden’s 2024 campaign, the Democratic National Committee and a joint fundraising organization that raises money for Democrats' state parties collectively raised more than $71 million in the third quarter, according to Biden's re-election effort.

The amount is on par with what the operation raised in the second quarter, which was $72 million, when the campaign itself brought in $20 million. Biden's team did not disclose how much money the campaign committee specifically raked in this quarter, which will be disclosed in a filing with the Federal Election Commission later Sunday.

The campaign touted nearly $91 million cash on hand across its fundraising entities as it prepares for a massive re-election effort. Historically, Biden long struggled to raise significant money for past campaigns, but he set a record in 2020 when he became the first candidate for any federal office to raise more than $1 billion from donors, who stampeded into his race against then-President Donald Trump.

Last election cycle, Biden started out raising money into his campaign alone, amid a primary fight with nearly two dozen other Democrats seeking the party’s nomination. Now, he enjoys the benefits of running as an incumbent, with his political operation bolstered by a fundraising agreement with the DNC and state parties that allows donors to give as much as $929,600 apiece for the so-called Biden Victory Fund, which then parcels the money out across different entities.

Read more: https://www.nbcnews.com/politics/2024-election/biden-piles-cash-dnc-state-parties-campaign-third-quarter-rcna120340

[Words that matter]

1. Trump and Putin

Trump and Putin, both uttered recent statements, show how angry they are at Biden's handling of the ME.

[DownriverDem]

2. Every quarter

I give to Biden and other candidates. I give what I can because we are fighting to save our country.

[mahina]

4. Thank you! I try to be consistent too.

I agree, we must if we are able. We certainly cant let it slide.

[617Blue]

3. Nice haul - sends a good message

Biden has backing and is strong.

[lees1975]

5. This is an accurate measurement of a candidate's core support.

It's America. Money talks. Polls can be made to say anything that the pollster wants. But when people put their money in, that says something. And one of the things that's not specifically included here is that Democratic candidates tend to get smaller contributions from many contributors, rather than the big bucks from a scattering of wealthy donors like the GOP does.

[Fiendish Thingy]

6. Sure hope they use the cash to register and turn out young voters

Rather than waste it trying to get “economically anxious” white boomers in swing state diners to vote for Biden.

Young voters support Democrats more than 2 to 1 over Republicans, and they are the largest untapped pool of predictable Dem voters in the nation.

That’s where the money should go - turn out people you know will vote for you.

[Tumbulu]

12. Agree!

And in the red states too! Particularly in the districts that came very close to flipping blue.

[PortTack]

7. Really good news! I give monthly to the DNC, and other candidates as I can.

[1WorldHope]

8. Yay for our guy, yes.

What else could be done with all the money the political machine raises? We need to get rid of Citizens United. Give them all the same amount of money to make their case.

[Bayard]

9. I hope he piles some toward Andy Beshear

I can't believe how many TV ads Cameron is running here.

[BumRushDaShow]

10. Beshear apparently not only has a fundraising advantage

but a record haul - https://www.opensecrets.org/news/2023/09/kentucky-governor-race-raking-in-record-contributions/

I am going to speculate, because I see it here in PA, that ads are being targeted to certain media markets within a state. So what you might not be seeing from Beshear where you are, is being blasted in another part of the state. I expect the blue cities there are getting bombarded by GOP ads to try to pick off a few.

[Bayard]

13. I think it won't even be close,

Considering what all Beshear has done for this state the past 4 years. It still just burns my butt to hear the public lies.

But I guess that's politics, right?

[Cha]

11. TY & Pres Biden!