Last week, the media was abuzz with the massive haul that Joe Biden brought in during a fundraiser where the actors, singers, and liberal moneymen stuffed Biden's campaign coffers with more than $25 million.
Well, Trump just answered the challenge, and the Biden White House and campaign are not too happy about it.
Talking Points…
- Biden fundraiser
- Trump fundraiser
- Analysis
About a week ago, Bill Clinton and Barack Obama joined Joe Biden at Radio City Music Hall for a fundraiser on the same day that Donald Trump was attending services for a fallen NYPD officer. Instead of honoring the fallen officer, Biden was digging into the pockets of liberal elites to stuff his campaign chest.
The cheapest ticket in the House went for about $225, with pictures and other more intimate events for the evening costing anywhere from $100,000 to $500,000. There were about 5,000 people in attendance, and Biden raised more than $25 million at the event, so this was far from the grassroots event that Democrats touted. After the event, Biden campaign co-chair Jeffrey Katzenberg stated:
"This historic raise is a show of strong enthusiasm for President Biden and Vice President Harris and a testament to the unprecedented fundraising machine we've built.
"Unlike our opponent, every dollar we're raising is going to reach the voters who will decide this election — communicating the president's historic record, his vision for the future and laying plain the stakes of this election."
The Biden campaign took victory laps after the event because of how badly the Trump campaign has struggled to raise money. And what money had been raised was mostly going to pay Trump's legal bills. Before Trump held his event, Biden had about a 5:1 advantage in war chests, but that changed dramatically for Trump over the last few days.
The moneymen on the right held a massive fundraiser for Trump in Palm Beach, FL, and based on the results, it would appear that the question of whether Republican donors would start to unite around Trump has been answered. Trump's event reportedly raised more than $50 million, which definitely got the Biden campaign's attention. Trump campaign spokesperson Danielle Alvarez took a jab at the Democrats, stating:
"It took three Democrat presidents to raise $25 million and one president to raise over $50 million, Donald J. Trump."
John Paulson, the billionaire hedge fund founder behind the event, added:
"The response to our fundraising efforts has been overwhelming, and we've raised over $43 million so far.
"There is massive support amongst a broad spectrum of donors."
As we noted above, this definitely got the attention of Biden, who immediately took a dig at Trump's event while twisting the truth about his own donations. Joe Biden posted a video on his social media accounts, claiming this was "Scranton versus Palm Beach."
While Trump is raising money from a bunch of hedge fund billionaires, our grassroots campaign raised $187M this quarter because of folks like you.
Our grassroots team knows what’s at stake in this election, and they’re pitching in to make sure we win: https://t.co/AW2V9PVKfp pic.twitter.com/1TPbv6fS5X
— Joe Biden (@JoeBiden) April 6, 2024
Rest assured, Joe Biden has just as much money coming from liberal elites as Donald Trump does from conservative elites. For March, Biden raised $90 million, but as stated, more than $25 million came from that one event and roughly 5,000 people. Donald Trump and the RNC brought in more than $65 million in March, ending the month with $93.1 million cash on hand. While Biden had the edge in March, Trump's April is obviously off to a massive start.
