[PJ] I was wrong.
Well, maybe not "wrong." More like "not entirely accurate." Oh, let's just go ahead and admit I was blatantly, stupidly, idiotically wrong about Trump not being able to catch up with Joe Biden's fundraising before Election Day.
Trump's conviction has unleashed a cash tsunami that has closed the fundraising gap with Joe Biden in one fell swoop.
The numbers are unbelievable. Trump outraised Biden by $60 million in May. The Trump campaign and the Republican National Committee said it raised a staggering $141 million in May. Most importantly, the Trump campaign now has a healthy $170 million in the bank at the end of May.
The Trump campaign said it raised $53 million online in the 24 hours after the so-called hush money verdict. Those numbers won't be verifiable until the online fundraising site WinRed files its FEC report in July.
Trump's super PAC, "MAGA, Inc., benefitted from a one-time donation from Timothy Mellon of $50 million. MAGA Inc. raised $69 million in May — its best fundraising month of the cycle — and reported $94 million in cash on hand," according to the Washington Post.
So both candidates have ungodly amounts of cash on hand, and both appear to have hit their stride in fundraising. What are they going to do with all this money?
Joe Biden spent $50 million on an ad campaign that Democratic strategist Steve Schmidt said looks like it was "written by a committee of chat GPTS." But Biden just hired 1,000 people to staff 200 new offices around the country. Trump is far behind in building a national organization. |