Trump Campaign & RNC Break Fundraising Records at $308M
The Trump 2020 campaign and the Republican National Committee (RNC), responsible for assisting elections of Republican candidates, announced yesterday they had brought in record breaking $125 million in the third quarter. In comparison, former President Barack Obama and the Democratic National Committee (DNC) raised around $70 million in the third quarter of 2011. These fundraising campaigns have been boosted by the impeachment inquiry launched by Speaker of the House Nancy Pelosi. WinRed, a new Republican small-dollar donations platform, also raised $30 million in the third quarter.
Republicans are much more financially stable than the Democrats. Early September reports show the DNC at $8.2M cash on hand with $7.2M debt owed. The RNC had $53M cash on hand with NO debt. These numbers for the Republicans were boosted by yesterday’s finance report. Republican spending and revenue is TWICE the amount of the Democrats’. This is a good trend.
Both the Trump campaign and the RNC are focused on investing in TV ads, online ads and groundwork to highlight Democrat’s obstruction and showcase their extreme viewpoints. President Trump is going up against the massive institution of the mainstream media which will require a large cash war chest. It will take an all-hands-on-deck approach to defeat a motivated and angry progressive base. Money isn’t everything in a re-election campaign, but it helps win the battle of information & ideas.
PC: The Atlantic.
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