Dems rocket into 2020 with huge donor windfall
Politico
Party veterans once worried about Democratic fundraising are now convinced the eventual nominee can compete with Trump.
By MAGGIE SEVERNS and HOLLY OTTERBEIN
01/02/2020 05:52 PM EST
Updated: 01/02/2020 07:08 PM EST
Democrats are riding a massive surge of presidential campaign cash into 2020, boosting the partys hopes of taking back the White House.
Their leading candidates for president faced criticism last year from party veterans alarmed by tepid early fundraising totals. But they finished up 2019 raking in cash from fired-up donors: The current Democratic presidential contenders and the Democratic National Committee combined raised over $450 million in the last year more than President Donald Trumps reelection machine brought in during that time.
Democrats are still encouraged by the money pouring in from both the progressive and moderate wings of the party, as well as from Democrats writing big checks and from small-dollar donors alike. Though the party is about to spend much of the money raised on a tough primary while Trump builds up resources to take on the eventual nominee, the millions of contributions to Democrats in $10 or $20 increments signal massive enthusiasm from the party grassroots heading into the election year.
I was very nervous [in the spring] that these operations were not sophisticated enough to go toe to toe with Trump, said Rufus Gifford, finance director for Barack Obamas 2012 presidential campaign. But Sen. Bernie Sanders massive $34.5 million fundraising total for the fourth quarter for the year put him within range of Trump, who brought in $46 million for his campaign even while Sanders faces a crowded field of primary contenders competing for money in the days ahead of the Iowa caucuses.
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