Middle-Class Donors Aren’t Backing Joe Biden – President Joe Biden has long touted his administration as one that defends middle class Americans, but those who purports to be helping apparently aren’t feeling the love; that’s the news from the New York Times, which reported that the president has taken in barely more than $10 million in the latest quarter in small donations.
On Sunday, the Times reported that the president is seeing “sluggish small donations,” with most of his campaign’s money coming from well-known, wealthy Democratic donors.
“When President Biden traveled to San Francisco last month, he raised more than $10 million in 36 hours from wealthy Democrats. Trips to Chicago and New York netted millions more, as did fund-raising events around Washington, proving that the party’s big-donor class is fully committed to Mr. Biden’s re-election campaign,” the outlet reported, adding that small-dollar online money is lagging behind.
Despite a strong presence on social media and other modern campaign outreach efforts, the Biden camp isn’t pulling in the same kind of money that former President Barack Obama made during the same quarter of his 2012 campaign.
Joe Biden Has a Problem
Biden’s team already have their excuses lined up, with officials telling news outlets that they are concerned about how Big Tech companies may have influenced the ability to raise money from their mailing lists.
According to Biden campaign officials, both Google and Apple have made it more difficult for email senders to see who has and has not opened email solicitations – something that previously allowed email campaign managers to weed out non-responders and focus primarily on those who open emails and donate when they’re asked for help.
They Probably Can’t Afford It
Another possible, and very likely, explanation is that Americans just can’t afford to donate to the campaign. It’s something the Republicans are more willing to recognize than the Democrats, with GOP frontrunner former President Donald Trump regularly asking only those who can afford to donate to help his campaign.
The Biden camp, however, is running on the claim that the president has already fixed the economy, and that so-called “Bidenomics” is working.
According to a survey of 1,000 Americans aged 18 and older by GOBankingRates, 32.9% of Americans have no more than $100 in their savings account. That’s an increase of more than 10% compared to a similar survey that was performed in 2022, showing 22% of Americans had no more than $100 saved.
For Joe Biden, money won’t be a problem; there are big donors, after all. Campaigning on the promise of economic success while middle class donors can’t afford to back the president’s re-election efforts, however, could prove to be a problem.
Jack Buckby is 19FortyFive’s Breaking News Editor. He is a British author, counter-extremism researcher, and journalist based in New York. Reporting on the U.K., Europe, and the U.S., he works to analyze and understand left-wing and right-wing radicalization, and reports on Western governments’ approaches to the pressing issues of today. His books and research papers explore these themes and propose pragmatic solutions to our increasingly polarized society.
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