Biden Out-Fundraised Donald Trump This Year – A new report released detailing the quarterly fundraising for all the presidential campaigns thus far shows that President Joe Biden out-fundraised his (right now) likeliest Republican Party challenger for the presidency in 2024, former President Donald J. Trump—not just by a little, but by a lot. For the second quarter of 2023 (running from April 1 to June 30), Biden raised $72 million compared to Trump’s $35 million.
For those not keeping count, that’s a $37 million differential.
Biden did not announce he was, in fact, running for reelection until the end of April (after much back-and-forth in public as to whether he would or not). Trump, meanwhile, has officially been running for reelection since November 2022.
That means that Biden and the Democrats were generating funds and interest well in advance of his initial bid for the White House. Trump, on the other hand, raised only $18.8 million in the first quarter of 2023.
He did, as you read above, increase that to $35 million by the second quarter of this year.
A Multi-Sided GOP Civil War (Without End?)
What’s more, Trump, unlike Biden, is running in a multi-sided primary race. And it’s still early in the primary season. There’s plenty of time for Trump to catch up to Biden.
Plus, once some of the other candidates on the GOP side fold, it is probable that at least some of their donor base will shift to Trump.
That means, though, that Biden will have a protracted period—as did former President Barack Obama in 2012—where he can sit pretty (as pretty as a babbling, borderline senile octogenarian can be) and build his war chest, perfect his lines of attack on the likely Republican candidate,
Trump, and let the so-called “Keebler Elves” challenging Trump in the GOP primary force the forty-fifth president to expend precious time and resources beating those elves back.
What Will Donald Trump Do?
These weak fundraising numbers when compared to Biden, while not yet catastrophic for former President Trump, are not strong at all. They should worry the Republican National Committee (RNC) as well as the Trump Campaign.
For example, Trump, who has auto-generated most of the air of inevitability surrounding his renomination as GOP presidential candidate in 2024, only raised $15 million more than his next closest GOP challenger, Florida’s Governor Ron DeSantis.
Whereas Trump is the former GOP president who does, in fact, have a cult following on the Right, has been running since November 2022, DeSantis only announced his run for the presidency in May of this year. One must account for that when looking at the respective campaigns of these men.
The real point of concern is that “Sleepy” Joe Biden, regardless of how compromised he is is apparently a sleepwalking ATM machine.
Sure, there’s something to be said about whoever becomes the GOP’s nominee in 2024 being honed by the brutality of internecine political combat in a primary.
At the same time, though, one must go back to the 2012 Presidential Election.
Remember, Remember November 2012
At that time, once then-New Jersey Governor Chris Christie chickened out of what would have been a slam-dunk election for him, the heir apparent to the GOP crown was (as funny as it sounds now), Mitt Romney.
What happened, though, was a circular firing squad was formed in the GOP primary, and they all brutalized their inevitable frontrunner so badly that he was never able to fully recover—especially when matched against Obama’s big war chest that he’d amassed the entire time the Republicans were tearing each other’s guts out in the contentious primary.
A primary still needed to happen.
But one in which fewer players were on the field, so it could have been decided quickly and without the squandering of so much time, resources, and the voters’ patience.
The same thing, I fear, will play out in 2024.
Even if Donald Trump can secure his nomination yet again as the GOP candidate for president, he’s going to be badly bruised and going up against a fully funded Biden Campaign, Democratic Party, and their allies in the mainstream media.
It’s not great, not terrible!
A 19FortyFive Senior Editor, Brandon J. Weichert is a former Congressional staffer and geopolitical analyst who is a contributor at The Washington Times, as well as at American Greatness and the Asia Times. He is the author of Winning Space: How America Remains a Superpower (Republic Book Publishers), Biohacked: China’s Race to Control Life (Encounter Books), and The Shadow War: Iran’s Quest for Supremacy (July 23). Weichert can be followed via Twitter @WeTheBrandon.