According to a recent report in POLITICO, President Donald Trump and the Republican National Committee have raised over $300 million between them for his reelection campaign this year.
The publication reported that the total was more than any other sitting president has been able to accomplish to date, and could be striking fear in Democrats who hope to regain the White House.
The president has almost double the cash on hand that Barack Obama and the Democratic National Committee had at the same time during his 2012 re-election campaign, $158 million, between his campaign account and the RNC.
“Already this year, Trump’s campaign operation has spent close to $23 million on TV and digital advertising, more than 10 times the amount that the lone major Democratic super PAC spending against him, Priorities USA, has laid out so far in its online-only spending campaign,” POLITICO reported.
Democrats appear to be growing more uneasy as the sheer mountainous difference in spending gains momentum between themselves and the Republican incumbent who will no doubt be running in the general election.
“The resources he 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,” said Chris Lippincott, a Texas-based Democratic strategist who ran a super PAC opposing Sen. Ted Cruz last year according to POLITICO. “That’s real trouble … I’m not here to curse the dark, but it’s dark.”
According to the publication, the situation could still get worse, as the Trump campaign is currently running an expensive and expansive effort to gain more small-dollar donors that is already paying off.
The Trump campaign brought in 313,000 new donors between July and the end of September of 2019, according to numbers reported by the RNC, and they spent just $4.2 million in Facebook advertising in the last 90 days.
However, Democrats are just a few months away from finding their nominee and are as yet without the deep resources that Trump has garnered:
Founder and chief executive officer of the progressive group ACRONYM Tara McGowan weighed in: “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,” McGowan said, according to POLITICO.
“There’s two separate elections going on, and the really unfortunate part is Trump is the only one involved in the general election today.”
Written by Savannah Pointer.