President Trump has apparently raised more than $30 million for his reelection campaign in the first quarter of 2019. This is roughly equal to the amount raised by the top two Democratic candidates combined.
Tim Murtaugh, who is the Trump campaign’s director of communications, reported that overall the president has raised a whopping $40.8 million total towards the 2020 campaign.
The massive funds will give Trump a head start over his Democratic rivals. They will all be battling to emerge from a field of 18 candidates, according to CNN.
Senator Bernie Sanders of Vermont is the Democratic candidate who has raised the most funds. In just 41 days since he announced his candidacy, the democratic socialist has raised $18.2 million.
Senator Kamala Harris of California has raised the second-largest amount of money during the first quarter of 2019 with a total of $12 million.
During the first quarter of the year, 10 Democratic candidates raised a combined total of $79.6 million. This is an increase over the $65.6 million that the entire Democratic field raised during the early stages of the 2016 election cycle.
The April fundraising deadline is one of the first big tests for the more than 15 Democrats vying for their party’s nomination to challenge Trump.
Beto O’Rourke, the former U.S congressman from Texas raised $9.4 million in the first 18 days, his campaign said. While Elizabeth Warren only amassed $6 million after promising not to participate in expensive campaigning.
Pete Buttigieg, the mayor of South Bend, Indiana, is still considered a long-shot, but he announced earlier this month that he had raised $7 million during the first quarter.
Amy Klobuchar and Cory Booker each raised about $5 million.
On Monday, Democratic candidates are expected to file reports with the Federal Election Commission which will shed more light on the extent of their fundraising efforts.
Investment giant Goldman Sachs said that Trump is likely to win re-election because of the strong economy and an uncertain primary race in the Democratic Party.
Goldman analysts compiled a report which gives the president a “narrow advantage” over potential rivals for the 2020 general election.
According to economists Alec Phillips and Blake Taylor, Trump right nowhas an edge over any potential Democrat due to the usual advantage enjoyed by incumbents.
“The advantage of first term incumbency and the relatively strong economic performance ahead of the presidential election suggest that President Trump is more likely to win a second term than the eventual Democratic candidate is to defeat him,” the analysis found.
Credit: Daily Mail