President TrumpDonald Trump Superb Investigation Says Grim View of Flourishing Anti-Democratic Views Pilot of Southwest Investigation Report Says “Come Brandon” on Theft Texas Police Deny Biden Bus Escort Requests surrounded by Trump supporters: PLUS reports campaign faces significant cash flow shortfall against Democratic candidate Joe bidenJoe Biden The White House unveils its strategy for the net zero goal in 2050. with less than two weeks of election day, a surprising reversal of fortunes for a campaign once awash in money.
Biden’s campaign entered in October with over $ 177 million in the bank, while the Trump campaign entered the last month with just $ 63.1 million. It’s a huge turn for the Trump campaign, which has raised and spent over $ 1 billion this cycle. Trump started the year with more than $ 100 million in the bank, compared to less than $ 10 million for Biden.
The president’s grassroots fundraising and his cash flow situation once seemed overwhelming, but now the Congressional Democratic campaign committee will enter the home stretch with more money on hand than the incumbent president’s campaign.
Biden has argued this cash benefit in recent weeks, inundating Trump on television. The president’s campaign simply cannot compete with Biden in the paid media at a time when the president is lagging behind in a number of national, state and district polls.
“You are entering the last two weeks of a campaign, these numbers really tell you a story,” said Robert Zimmerman, member of the Democratic National Committee. “It shows you who has the energy, the grassroots support, and the momentum.”
“The reality is that the emperor did [not] only no clothes, the emperor has no campaign budget, ”he added.
The Trump campaign, under the former campaign manager Brad ParscaleBrad ParscaleAides tried to get Trump to stop attacking McCain in hopes of winning Arizona: MORE report, spent huge sums at the start of the year before Democrats even named Biden.
Parscale bragged about toppling the Trump campaign’s ‘death star’ as he spent money in ways Presidential campaigns never had before, including a 10-minute ad. million dollars for the Super Bowl which aired in February to match the then Democratic presidential candidate. Michael bloombergMichael Bloomberg Two Strategies to Save Democracy and Halt Rise of Authoritarianism Equilibrium / Sustainability – Presented by Southern Company – How Martian Biofuel Could Transport Humans Twenty-five US cities on track to exceed Paris climate targets by 2025 : PLUS reportown Super Bowl advertisement.
Most recently, under the new campaign manager Bill StepienBill Stepien “Just Say We Won,” Giuliani Told Trump Assistants on Election Night: Book Some RNC staff didn’t vote for Trump in 2020, says book Trump adds veteran organizer to help to conduct political operations: PLUS report, the Trump campaign has spent millions on some of the most expensive digital real estate on the internet, including a takeover of the YouTube homepage at the Democratic and Republican conventions in August.
Since 2019, the Trump campaign has paid more than $ 200 million to American Made Media Consultants. The campaign did not disclose who owns the business.
The Trump campaign has spent nearly $ 1 million on Trump-branded properties since the start of last year.
“Much of this money [is] going to various consultants with exorbitant fees, the total amount of which we won’t know until after the election, ”said GOP strategist Doug Heye. “This isn’t your typical campaign finance and it’s not your typical consultant-led campaign.”
Heye said financial irresponsibility and overspending at the start of the campaign is the root of the Trump campaign’s cash flow problem.
Between April and July, the Trump campaign exceeded the Biden campaign by $ 30 million. In August and September, with time running out until election day, the Biden campaign topped the Trump campaign by $ 215 million.
“If he spends too much money in key states and the Biden campaign has even more resources than they can put into it… that puts Trump at a disadvantage,” Heye said.
The Biden campaign has overtaken the Trump campaign every month except one in 2020 and they have been more frugal with their resources. The Biden campaign has been slow to recruit and develop his digital team, leading some Democrats to fear that they are falling too far behind. They also waited until later in the cycle to spend big on the airwaves.
Now, Biden has overtaken Trump by nearly 2: 1 in television commercials, according to the Wesleyan Media Project, which found that the Biden campaign ran 80,000 spots over two weeks in late September and early October, compared to Trump’s 32,000.
While Trump’s glowing Super Bowl ad landed nearly nine months ago, it’s now the Biden campaign that is creating expensive, newsworthy content with a cleverly produced 60-second ad narrated by the actor Sam Elliott who aired in the World Series opener this week.
“While the impact of ads in presidential races tends to be quite small, Biden’s consistent 2-to-1 or even 3-to-1 advertising advantages in battlefield states must explain at least part of his growing lead in polls in recent weeks, ”said Travis Ridout, co-director of the Wesleyan Media Project.
The Trump campaign brushed aside the idea that the campaign was strapped for resources, telling The Hill they were ready for the latter part of the campaign.
Working with the Republican National Committee, the Trump campaign has invested heavily in its ground game, sending volunteers knocking on doors throughout the pandemic as the Biden campaign has brought its operations online.
The Trump campaign has also been heavily invested in Facebook and Google, surpassing the Biden campaign by $ 50 million since mid-April, according to data from the Wesleyan Media Project. Still, the two campaigns have spent roughly equal amounts on digital advertising in recent weeks, with Biden racking up his cash advantage.
“We are running a comprehensive campaign that incorporates our massive ground game, our trips to key states, and ads on digital, TV and radio,” said Samantha Zager, national press secretary for the Trump campaign. “Joe Biden has no field program to help rectify the lagging Democrats’ mail-in voting returns or erase the large Republican voter registration gains that we are seeing.”
“As Hillary ClintonHillary Diane Rodham ClintonFranken rules out challenge against Gillibrand for Senate seat Abedin says anger at Weiner ‘almost killed me’ 2022 and ‘the passion gap’ – why Republicans are more excited MORE proved when she spent us 2 for 1 in 2016, no amount of money can buy the presidency – voters must be excited to vote for a candidate, and that only happens for President Trump ” , Zager said.
Trump faces a larger deficit in the polls against Biden than he did against Clinton four years ago, making the home stretch of the 2020 race a bigger climb for his campaign.
Democrats say Biden’s strength at this point in the campaign is largely the result of a united Democratic Party and a staunch liberal donor base keen to see Trump ousted from office.
“Even when we were all fighting for the same slice of the pie, we were speaking out against Trump every month and every quarter as a group,” said Mike Nellis, founder of Authentic Campaigns and former senior adviser to Sen. Kamala harrisKamala HarrisAmerica last: Biden goes all out on Oprah, considers 0K payments to separated illegal migrants at border Harris makes final argument for McAuliffe McAuliffe, Youngkin posts closing announcements ahead of Virginia election MORE‘s (D-California) presidential campaign.
“Unifying the Democratic Party so quickly after Super Tuesday was really the key to it all,” he added.
Financial history at the presidential level appears to be reflected in the ballot races, particularly at the Senate level, where a number of Democratic challengers have overtaken Republican incumbents by huge margins.
“It’s a tsunami of money coming for Democrats, and it’s not the big checks,” Heye said. “He’s someone who gives $ 10 to seven different races in the Senate, then gives another $ 25 two weeks later.”