One of the week's biggest stories in the political world was when Barack Obama and Bill Clinton jumped in to help Joe Biden at a massive fundraiser in New York City.
The reported event raised about $25 million for Joe Biden's war chest, and now Trump hopes to outdo him next week with a mega-fundraiser in Florida.
Talking Points…
- Biden's big payday
- Trump counters
- Analysis
Now that we know it will be Joe Biden and Donald Trump running for election, the big money is starting to step in. Joe Biden started the party off by having a massive fundraiser in New York, and they called in the big dogs to help him out. Former presidents Bill Clinton and Barack Obama were also attending the fundraiser.
While the NYPD honored a fallen officer, Joe Biden was at Radio City Music Hall for a huge fundraiser with a bunch of liberal A-listers opening up their checkbooks. Mindy Kaling ("The Office") hosted the event, and there were performances by Queen Latifah, Lizzo, Ben Platt, Cynthia Erivo, and Lea Michele, among others. At the end of the evening, Stephen Colbert monitored a panel discussion with Barack Obama, Bill Clinton, and Joe Biden.
After the event was over, it was reported that Biden had raised about $25 million, a record-breaking amount for a single event. Jill Biden, who also spoke during the event, stated:
"This is the biggest fundraiser the DNC has ever held – the fundraiser to end all fundraisers – and we've raised a record amount."
Donald Trump has a money problem right now, and I am not talking about two massive settlements he faces in civil suits. Because of his legal problems, Trump's campaign, PAC, and the RNC are cash-strapped right now, dwarfed by the Biden campaign, PACs, and DNC. With Biden adding another $25 million to his war chest on Thursday night, Trump has to start getting the big-money donors behind him.
That will start next week with Trump holding a massive fundraising event on April 6. According to his campaign, they expect to haul in roughly $33 million from the event, which will be "the largest amount by 100% for an event of its type in RNC history."
Donald Trump's campaign addressed the fact that they knew that they were going to get outraised by Biden during this campaign, stating:
"The RNC and campaign do not expect to have as much money as Biden and the Democrats, who not only didn't have a primary to spend on but who are bankrolled by Hollywood and Silicon Valley elites, but we will have an ample amount to run an effective and winning campaign.
"Donald Trump is a ratings and clicks juggernaut so we have an ability to make use of earned media in a way that Biden cannot."
Trump spokesperson Steven Cheung added:
"Our digital online fundraising continues to skyrocket, our major donor investments are climbing, and Democrats are running scared of the fundraising prowess of President Trump.
"We are not only raising the necessary funds but we are deploying strategic assets that will help send President Trump back to the White House and carry Republicans over the finish line."
In this country, money wins elections, so Trump needs to start using his campaign money for events and ads rather than his legal bills. His campaign has already spent a staggering amount of cash on those bills, with his legal bills being the campaign's biggest expense, which is why you have not seen Trump campaigning as much, nor has he been holding his trademark rallies.
During this campaign, Donald Trump will have to lean on the campaigns of other Republicans to invite him to their events so their campaigns can cover the expenses of the rally. Trump also needs to lure in the big money that has been sitting on the sidelines, having previously donated to the DeSantis and Haley campaigns, both of which have been very silent as of late.
