The Biden campaign and his few allies have recently announced a major haul in campaign donations but it doesn’t compare to former President Trump’s campaign coffers and enthusiasm behind him.
In the last three months of the 2023, the Biden campaign raised $97 million with $117 million in the bank at the end of the year. When compared to the Trump campaign from 2020, they had raised $157 million in donations in those months totaling $195 million in the bank according to the New York Times.
According to the Bureau of Labor Statistics’ Consumer Price Index Calculator, when you consider the major shock inflation has had on the dollar, the disparity between the campaigns donations heighten with the dollar worth almost 20% less now than in January of 2020.
Inflation is at the heart of the Trump campaign and recent polling data shows American’s strongly disapprove of President Biden’s handling on the issue and the overall economy. According to a December 2023 Monmouth University poll, just 28% of Americans approved of Biden’s handling of inflation and a devastating number of only 34% of American’s approving Biden’s overall performance, which is an all-time low.
The Biden campaign is trying to spin the terrible polling data by saying his campaign donations came from 520,000 unique donors. However, even though Biden is polling at very low approval rating, his campaign is still receiving millions of dollars.
The campaign advertises the “unique donors” but it is the Los Angeles high-dollar donors and Hollywood elites that are contributing the highest and most often, this according to reports from Deadline News. The wealthiest zip codes in New York and California are keeping the campaign afloat.
Former President Trump has not yet released his fourth quarter campaign donation numbers but is required to do so by the end of the week.
