Jaw-Dropping Report: Trump On Pace To Rake in 4 Times What He Raised in 2016
President Donald Trump has more to be happy about than just a booming economy and Joe Biden repeatedly shooting himself in the foot.
He is also likely smiling over the massive amount of money he and the GOP have taken in.
Trump and his fundraising committees raised $54 million during the second quarter, according to his campaign.
In addition to that sum, the Republican National Committee raised $51 million, as CNBC reports.
By comparison, former President Barack Obama’s re-election campaign reported bringing in $46 million in the second quarter of 2011.
Paul Bedard of the Washington Examiner believes that the current trend points to an unprecedented fundraising total. “Republican donor enthusiasm is reaching new levels more than a year before the presidential election,” Bedard writes, “sparking wild predictions that President Trump and the Republican National Committee’s joint fundraising committee will raise more than Trump and Hillary Clinton collected in the 2016 election.”
“GOP fundraisers said the president could rake in $2 billion to $2.5 billion, a record amount that is double what Clinton and former President Barack Obama took in for their most recent campaigns.”
That $2.5 billion estimate would be four times Trump’s 2016 total.
“President Trump raised a large chunk of that — $24.8 million — in the 24 hours after his 2020 re-election campaign launch last month,” Fox News reports.
And the numbers are not just coming in over traditional channels.
Digital fundraising is growing at a spectacular rate.
According to Trump’s Digital Director, Gary Coby, the second quarter of 2019 resulted in $35 million in online donations. That is a 26 percent increase over the previous quarter. The digital totals for 2019 are outpacing 2018 by 150 percent.
TRUMP & RNC DIGITAL FUNDRAISING
—2019 Q2 Highlights—
$35M Raised Online
26% Increase QoQ (vs Q1 ‘19)
150% Increase YoY (vs Q2 ‘18)$62M Raised Online in 2019 — Double 2018 1st Half
THE PEOPLE are with @realdonaldtrump. THANK YOU#KeepAmericaGreat #MAGAhttps://t.co/Wggm7Ae0fX
— Gary Coby (@GaryCoby) July 2, 2019
Donors told Bedard that “while swarms of small-dollar donations are rolling in, big donors are also eager to contribute, citing Trump’s successes in packing courts with conservative judges, cutting taxes, eliminating costly regulations, and boosting the economy.”
“Trump benefits from being the only major Republican running so far, aside from a long-shot primary challenge mounted by former Massachusetts Gov. William Weld,” Fox News explains. “Democrats, by contrast, are running as part of a historically large field and must divvy up the donor base.”
There is much time between now and the 2020 election, but Trump’s fundraising pace will make him a formidable opponent for whichever Democrat emerges from the pack.
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