President Joe Biden is lapping Donald Trump when it comes to campaign cash — and he’ll need it

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President Joe Biden is lapping Donald Trump when it comes to campaign cash — and he'll need it



“I think people really want to hear what they have to say,” said Michael Smith, a major Hollywood donor and fundraiser, who hosted a Los Angeles event earlier this year featuring rocker Lenny Kravitz and held another event last week in Palm Springs with the president’s wife, Jill Biden. “They realize this is an investment.”Trump campaign officials concede that Biden and the Democrats will likely have more cash to spend, though they argue that Trump will still be able to run an effective campaign given his ability to attract media coverage.”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,” said Steven Cheung, communications director for the Trump campaign. “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.”But given Trump’s propensity for making explosive remarks, that can also cut both ways, which Democrats are sure to exploit by using their cash advantage to run ads. Trump’s legal fees from the myriad of court cases he is tied up with are also sure to be a drag on his cash situation. Records show his political operation has shelled out at least $80 million to cover court costs over the past two years.”Trump promises to be a Dictator on Day 1, suspend our Constitution and bring back political violence even worse than January 6. His MAGA agenda is so toxic and extreme that hundreds of thousands of Republicans in swing states voted for Nikki Haley over him, even after she dropped out — how unique!” Biden campaign spokesperson Lauren Hitt said. “Donald Trump has no resources or even the will to bring those critical voters back.”There’s also the open question of whether Trump will be able to break through in the same ways he did in 2016, when he was a political novelty. Or as he did during the 2020 election, when he held the presidency and was a ubiquitous presence at a time when locked-down Americans were glued to their TVs.”The media landscape and where voters get their news has changed and so assumptions based on Trump’s ability to dominate mainstream media conversations should be questioned,” said Josh Schwerin, a Democratic strategist who formerly worked at Priorities USA, the Democrats’ primary super PAC during the 2020 presidential campaign.”Fewer voters are getting their news from traditional outlets and finding ways to get information in front of them is getting harder and harder — and that takes money,” he said. “Both candidates are going to have to do this. And this is one place where having a financial advantage is going to be a big benefit to the Biden campaign.”



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