• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Trump catches up to Biden in cash dash, but can he spend the money in time?
Economy

Trump catches up to Biden in cash dash, but can he spend the money in time?

by June 21, 2024
by June 21, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Thanks to a tidal wave of fundraising following his conviction in the first criminal trial of a former or current president, Donald Trump has all but erased President Biden’s once massive fundraising advantage in their 2024 election rematch.

In May, for a second straight month, the former president and the Republican National Committee significantly outraised Biden and the Democratic National Committee. And the president’s formidable cash-on-hand advantage over Trump has seemingly evaporated.

The Biden campaign’s months-long lead in the cash dash allowed his team to drown out Trump on the airwaves and to build an impressive ground game operation in comparison to the Trump campaign’s much more frugal foundations.

But Trump’s fundraising boost since clinching the GOP nomination in early March, and his surge since being convicted of 34 felony counts in his New York City trial, now allow him to match Biden in the ad wars and to potentially build a sizable ground operation.

While Biden’s campaign has spent upwards of $65 million to carpet the airwaves with ads in support of president’s re-election, according to AdImpact, a leading national ad tracking firm, the Trump campaign has yet to launch a general election ad buy.

But Biden’s ad wars advantage may soon be challenged. Make America Great Again (MAGA) Inc., a top super PAC supporting the former president, announced a $100 million ad blitz this summer. The group’s announcement came immediately after it landed a staggering $50 million contribution from conservative banking heir Timothy Mellon.

When it comes to the ground game battle, the Biden campaign on Thursday announced that it had reached 200 campaign offices and 1,000 staffers in the key battleground states that will decide the 2024 election rematch.

‘With just over four months until the election, Donald Trump couldn’t match our battleground infrastructure if he tried,’ Biden campaign battleground states director Dan Kanninen said in a statement. 

Kanninen argued that ‘while Trump’s team is desperately trying to spin their lack of infrastructure as ‘strategic,’ the bottom line is that Donald Trump cannot buy back the time he has lost — and invisible campaigns don’t win.’

Trump campaign senior adviser Jason Miller pushed back, as he pointed to polls in the key battleground states that indicate Trump with a slight edge.

‘What Biden could use is 1,000 more votes in states like Minnesota, Wisconsin, Michigan, and Pennsylvania, because he’s losing to President Trump in all of them!’ Miller claimed.

Trump’s campaign says that it and the RNC have offices in the key swing states, but declines to give specific numbers. The campaign reiterates that its paid staff and volunteer operation are ‘expanding daily.’

But Trump’s campaign for a couple of months has emphasized that it is building a ‘leaner’ operation than it had in 2020 when the then-White House incumbent ran for re-election. It is planning an operation with fewer offices and staff, and to a degree outsourcing, as it relies on allied groups to beef up its ground game.

‘There will definitely need to be some catching up to do for Trump to try to match the infrastructure that Biden has built,’ Greg Moore, a regional director for the conservative advocacy powerhouse Americans For Prosperity, told Fox News.

But Moore, a longtime veteran of the group’s formidable grassroots outreach and ground game efforts, said ‘there’s still a fantastic opportunity for the Trump team to be able to start to grow that infrastructure and focus on building out a true, authentic, grassroots strategy.’

Pointing to the Trump campaign, Moore argued that ‘there’s no question there’s a ton of energy in the supporters. The level of enthusiasm among Trump’s supporters is higher than the level of enthusiasm among Biden’s supporters, which means while the staff gain might lean toward Biden, actually recruiting authentic volunteers is an area where Trump should have an advantage.’

This post appeared first on FOX NEWS
You Might Also Like
  • Connecticut Rep. Khan allegedly assaulted at Muslim holiday service in Hartford, suspect arrested: report
  • Making good on pledges
  • Here’s what GOP rebels want from Johnson amid threats to oust him from speakership
  • State Department’s Afghanistan withdrawal review blames Trump, Biden administrations: ‘Painful lessons’
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Biden’s secret weapon in previous national debates may again be a factor during showdown with Trump
next post
Why Technical Analysis Does NOT Work for Leveraged ETFs

You may also like

Biden admin faces bipartisan backlash for allowing beef imports from...

February 28, 2024

Biden ripped Obama as having ‘no grace’ in 2010 email...

September 13, 2023

Trump campaign continues to push false narratives about DeSantis: Here...

June 6, 2023

Sen. Rubio introduces bill to ban federal tax dollars to...

November 2, 2023

New York’s legal bid to redraw House map could decide...

June 9, 2023

Alibaba Stock Rises 5% in Premarket

November 15, 2024

North Dakota House passes trans bathroom, sexually explicit children’s book...

April 22, 2023

AOC accuses pro-Israel PAC of being ‘extremist organization that destabilizes...

November 2, 2023

AOC leads two dozen Democrats calling for Israel cease-fire over...

November 17, 2023

Pennsylvania House passes $100M mental health spending plan

June 8, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past This Level Crucial For Resumption Of Upmove

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025
    • U.S. foreign tax bill sends jitters across Wall Street

      May 30, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,765 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,472 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,451 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,432 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,309 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past...

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right...

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Billionaire who visited Epstein island pours...

    July 21, 2023

    Five more House Democrats call on...

    July 19, 2024

    McConnell says behavior of lawmakers not...

    November 15, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here