The Biden campaign on Wednesday announced yet another record-breaking fundraising haul in September – a month that saw several events boost liberal fundraising – likely bolstering their already considerable cash advantage moving into the final stretch of the campaign.
Former Vice President Joe Biden’s Twitter account tweeted a video of Biden calling a Pennsylvania donor and fellow Delaware State University graduate named Trimicka to tell her his campaign raised $383 million in September.
“That’s more money than I’ve ever raised in my whole life,” Biden said of the haul, which he said was raised from 5.5 million donors with an average contribution between $44 and $50 – with campaign manager Jen O’Malley Dillon adding that the campaign had 1.1 million new donors in September and $432 million in the bank.
The staggering figure surpasses the Biden campaign’s previously record-shattering $364.5 million fundraising haul in August with the Democratic National Committee, which bested Trump and the Republican National Committee at $210 million.
Biden was boosted in September by a surge of liberal fundraising following the death of liberal Supreme Court Justice Ruth Bader Ginsburg, which led to donors giving half a billion dollars through Democratic fundraising platform ActBlue in two weeks.
Trump overcame a severe cash deficit in 2016, with $34.7 million to then-Democratic nominee Hillary Clinton’s $59.6 million going into October. Clinton also led Trump by nearly 7 points in the RealClearPolitics average at this point in 2016, slightly less than Biden’s 9-point lead in the RealClearPolitics average. Biden’s lead, however, has been far steadier than Clinton’s was, having consistently led Trump by more than 6 points since May.
Trump’s impeachment has not been a major issue in the 2020 election, but the events that led to it may have damaged Trump’s reelection prospects in a more subtle way. According to a New York Times analysis, Biden’s fundraising was $62,000-a-day before revelations about Trump’s call with Ukrainian President Vladimir Zelensky – in which he urged Zelensky to investigate Biden for unproven allegations of corruption – and $159,000-a-day afterwards. Times reporter Shane Goldmacher said the Ukraine call, which caused Trump’s impeachment, is a “deeply underrated factor in Biden getting through the primary” against a slate of well-funded opponents.
$4.8 billion. That’s roughly the price tag of the 2020 presidential election, according to FEC data compiled by Forbes. That’s double the $2.4 million spent in the 2016 election, thanks in part to $1 billion spent by billionaire Mike Bloomberg and $400 million spent by fellow billionaire Tom Steyer in their unsuccessful Democratic primary runs.