Trump's 'Historic' 2020 Fundraising Lead Has Democrats ‘Panicked’
Eventual Democratic nominee may be dwarfed by the Trump's campaign
President Trump's massive 2020 fundraising effort, the largest than any other sitting president in history, has rightly put Democrats in a state of panic.
According to some strategists, the eventual Democratic nominee will be dwarfed by the Trump campaign's and Republican National Committee’s joint fundraising.
Last week, Trump's campaign announced it has $83,216,270.26 in cash, along with $216,915 in debt, according to Federal Election Commission documents.
But according to Politico, the President's campaign now has a combined $158 million on hand.
To put things in perspective, former President Barack Obama's reelection campaign only had half as much as Trump's at this point in the race.
Texas-based Democratic strategist Chris Lippincott said:
"The resources [Trump] has will be put to work anywhere and everywhere that he feels like he can scare up electoral votes, and Democrats will never catch up. It’s just too much money."
"That's real trouble … I'm not here to curse the dark, but it's dark."
Trump's campaign effort is currently outspending the lone Democratic PAC messaging against him by a 10-to-1 margin.
So far, Trump's 2020 coalition has spent around $23 million in advertising.
But it won't be until the Democrats settle on a nominee they will be able to energize their efforts into defeating Trump.
Yet there is no sign of a clear Democratic winner.
Historically Accurate Financial Election Modeling Predicts Trump Wins 2020 In Landslide— Neon Nettle (@NeonNettle) October 16, 2019
READ MORE: https://t.co/rqvAYQGRaB
South Bend, Indiana, Mayor Pete Buttigieg surged 7 points since the last Iowa poll to 13%.
Meanwhile, Warren's campaign recently revealed it has $25.7 million in cash on hand.
But Biden, Sanders, and Buttigieg have not yet released their totals.
Tara McGowan, who founded the progressive group ACRONYM said:
"We don't know if the Democratic candidate is going to be able to even compete with such a shorter timeline, even if they have significant resources after the convention."