Game Changer: Trump's Fundraising BLOWOUT Dwarfs Biden's Efforts

By Javier Sanchez | Monday, 24 June 2024 01:50 PM
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Image Credit : Forbes Magazine

In a surprising turn of events, the Biden administration's calculated strategy to tarnish the reputation of former President Donald Trump has backfired.

The administration, along with its establishment allies, had hoped that the conviction of Trump on May 30 would lead to a decline in his popularity. However, the opposite has occurred, with Trump's fundraising efforts in May surpassing Biden's by a staggering 65.8 percent.

According to CNBC, the combined fundraising efforts of the Biden campaign, the Democratic National Committee, and their allies amounted to $85 million in May. In stark contrast, the Trump campaign, its allies, and the Republican National Committee raised a whopping $141 million in the same period. Notably, the Trump campaign reported a surge of nearly $53 million in the 24 hours following Trump's conviction in New York on charges of falsifying business records.

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This unexpected outcome has ironically strengthened the financial resources of the presumptive GOP nominee. Even without the $53 million surge, Trump and his allies would have still outpaced Biden's fundraising efforts by $3 million. This is particularly impressive considering that May was Biden's second-best fundraising month this cycle.

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The Washington Post suggests that these results could "dramatically reshape the presidential race." Despite the Biden campaign's significant spending on television ads, Trump has maintained a consistent lead of 1 to 4 percentage points in Pennsylvania, according to the RealClearPolitics average of polls.

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In a move that signals a shift in strategy, the Trump-allied super PAC MAGA Inc. plans to invest $100 million in ads through Labor Day. This decision comes after transportation executive Timothy Mellon donated a substantial $50 million to MAGA Inc., a day after Trump's conviction.

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The Biden administration's tactics have inadvertently bolstered Trump's position, allowing him to empathize with other victims of perceived injustice. This includes those who have been negatively affected by Biden's economic policies, lax border control, and establishment warmongering.

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The Trump campaign's fundraising success in May, coupled with its planned advertising blitz, could potentially disrupt the Biden administration's narrative. The former president's ability to maintain his popularity, despite the conviction, is a testament to his enduring appeal among his supporters.

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While the Biden administration continues its attack ads, the Trump campaign has yet to respond. However, with the significant funds raised and the planned ad campaign, it is clear that the Trump campaign is gearing up for a counteroffensive.

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The Biden administration's strategy to discredit Trump has not only failed but has also inadvertently strengthened the former president's position. The unexpected surge in Trump's fundraising efforts and his consistent lead in the polls are clear indicators of this. As the political landscape continues to evolve, it remains to be seen how this will impact the presidential race.

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