Billion-Dollar Trump: Dominating GOP Race With $45.5 Million Q3 Haul, Rivals Left In The Dust

Written By BlabberBuzz | Thursday, 19 October 2023 08:35
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President Donald Trump has continued to dominate the Republican field as he amassed a staggering $45.5 million in donations during the third quarter of 2023.

With $36 million in cash on hand for the primary election, Trump's financial prowess has solidified his position as the frontrunner for the GOP nomination in the 2024 presidential race. Meanwhile, other Republican candidates are struggling to gain the support of the party's megadonors, many of whom had previously attempted to prevent Trump from winning the 2016 election.

According to the Wall Street Journal, the donor community has come to recognize Trump's strength and the difficulty in dislodging a significant portion of the Republican base from him. Longtime GOP strategist Ken Spain aptly stated, "You're tilting at windmills if you try."

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This sentiment is reflected in the lack of enthusiasm among donors for other candidates such as Florida Governor Ron DeSantis, former UN Ambassador Nikki Haley, Senator Tim Scott, former New Jersey Governor Chris Christie, and former Vice President Mike Pence.

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Despite their attempts to pitch their campaigns as viable alternatives to Trump, these candidates have failed to make a significant impression on voters or secure substantial financial support. DeSantis, once considered an early favorite among donors, has seen his campaign falter in the shadow of Trump's lead and due to his own missteps.

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DeSantis raised only $15 million in the third quarter, a significant decrease from his $25 million haul in the second quarter. He currently has a mere $5 million on hand for the primaries.

Haley, Scott, Christie, and Pence have also struggled to gain traction and financial backing compared to Trump. Vivek Ramaswamy, one of the world's youngest billionaires, has been able to leverage his personal funds to support his campaign. Ramaswamy's unwavering support for Trump and his praise of him as the best president of the 21st century have set him apart from the other candidates.

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While GOP donors were expected to be more reserved in their contributions during this presidential race, the Wall Street Journal reports that these donors are redirecting their funds towards winning control of the US Senate. Figures like Paul Singer, Ken Griffin, Joe Ricketts, and Stephen Schwarzman are channeling their donations through super PACs to support candidates aligned with their interests. However, despite efforts to find a viable alternative to Trump, there is no clear second choice emerging, and the money is not coalescing around a rival candidate.

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Trump's fundraising success is not limited to large donations. Small donors, contributing less than $50 each, raised an impressive $2 million for his campaign after his mugshot from Fulton County was released in August. This demonstrates the unwavering conviction of Republican voters to elect Trump, even in the face of the four criminal cases he is currently facing.

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In addition to his financial advantage, Trump also holds a commanding lead in polling among Republicans. Many hypothetical matchups between Trump and President Joe Biden show Trump emerging as the victor. With primary elections set to begin in January and the general election only 13 months away, Trump's frontrunner status appears unassailable.

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Despite his commanding position, Trump has chosen not to participate in any of the debates held by the Republican National Committee (RNC). This decision has further highlighted the chaotic nature of the field, with candidates vying for attention and recognition while Trump remains the clear winner without even needing to be present. Trump's experience in the White House has allowed him to weigh in on global issues, the state of the United States, and the challenges facing the country under Biden's leadership with authority and confidence.

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The next GOP debate, organized by the RNC, is scheduled to take place in Florida on November 8. It remains to be seen whether any candidate will be able to make a significant impact and challenge Trump's dominance in the race for the GOP nomination.

As the election draws nearer, Trump's financial advantage, strong polling numbers, and unwavering support from the Republican base continue to solidify his position as the frontrunner.

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