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Democratic presidential nominee Joe Biden will enter the final phase of the 2020 campaign with a huge cash advantage over President Donald Trump, reversing earlier deficits.
According to the Biden campaign and the Democratic National Committee, they began September with $466 million in the bank, or some $141 million more than the cash on hand for President Trump’s reelection bid and the Republican National Committee.
That said, Trump’s campaign communications director, Tim Murtaugh, painted the situation in a good light, noting that the $325 million on hand at the beginning of the month is better than the financial situation for the president’s 2016 campaign at the same time.
In a tweet, he also suggested that voter enthusiasm for President Trump far exceeds that for Biden.
45 days out, @TeamTrump is in strong position.
Enthusiasm is with Trump. Biden excites no one.
— Tim Murtaugh – Download the Trump 2020 app today! (@TimMurtaugh) September 18, 2020
“Combined w/@GOP we’ll show $325M cash on hand, @realDonaldTrump energetically campaigning, huge volunteer army has made 102M voter contacts & we’ll have 2X or 3X the cash as in 2016,” Murtaugh wrote. “Enthusiasm is with Trump. Biden excites no one.”
The cash-on-hand disadvantage for the president is a major turnaround from earlier this year when Team Trump enjoyed a massive lead over Biden, who was still locked in a tight primary race against multiple candidates, though is his most serious challenger was Sen. Bernie Sanders (I-Vt.).
On his birthday in June, the president’s campaign raised a staggering $14 million online in a single day, smashing the previous record of $10 million in October 2016, less than three weeks before he went on to defeat Hillary Clinton.
“Trump and the RNC – which have been building a fundraising juggernaut for more than three years – have roughly $255 million cash on hand, compared with the approximately $100 million the Joe Biden campaign and DNC have in their coffers,” Fox News’ Gregg Re reported at the time.
“A competitive primary with numerous candidates on the Democratic side essentially stalled their effort to consolidate donations for months.”
Added RNC Chairwoman Ronna McDaniel, “Enthusiasm for President Trump continues to be our greatest motivator and political weapon.
“Republicans are thinking smarter digitally and harnessing support and energy for President Trump to up our online fundraising game and outwork, outdo, and outmaneuver the Democrats at every turn,” she added.
That said, the president has been raising funds for his reelection since his earliest days in office, hauling in some $1.2 billion over the past three-and-a-half years, Fox News reported. It’s not clear how the Trump campaign, with such a huge early advantage in money, slipped behind Biden.
The former vice president’s coffers began to swell after it became clear he would be the party’s 2020 nominee.
Biden and the DNC hauled in more money than Trump and the RNC in both May and June. Also, the Biden camp and the DNC spent money at a slower clip than did Trump’s campaign in the spring and early summer.
In August alone, the Biden campaign managed a record haul of $364.5 million, far and away ahead of the $210 million the president’s campaign and his party received. That cash advantage has allowed the Biden campaign to ramp up TV buys in August and September.
For his part, President Trump brushed off the deficit on Monday, saying all he needed was 24 hours and a phone to erase the deficit.
“Give me one day and a telephone, I could get all these rich people that I know very much to all put up millions of dollars apiece,” he told “Fox & Friends.”
However, that comes with a personal price, he added.
“The problem is I’m then obligated. I’m obligated to all of them. I don’t like being obligated,” he said.
Trump campaign manager Bill Stepien told reporters earlier in the month that the large sums spent early on are now paying off.
“Our early investment in states is going to move the needle in a way that Joe Biden’s campaign just can’t do, even if they tried starting now,” he said.
Still, there is something to the so-called “enthusiasm gap” referenced by Murtaugh that money can’t buy. The Clinton campaign outspent Trump in 2016 but she lost the election.
That Trump continues to generate high turnout rates for his campaign events has not gone unnoticed. Leftist documentary filmmaker Michael Moore, who correctly predicted a Trump victory in 2016, warned late last month that enthusiasm for Trump’s supporters is “off the charts.”
Jon is a staff writer for BizPac Review with 30 years' worth of reporting experience, as well as an author and U.S. Army veteran. He has a BA in political science from Ashford University and an MA in national security studies/intelligence analysis from American Military University.
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