House Intelligence Committee Chairman Adam Schiff, D-Calif., responds to reporters as Speaker of the House Nancy Pelosi, D-Calif., calls a meeting with all the House Democrats, many wanting impeachment proceedings against President Donald Trump after his latest defiance of Congress by blocking his former White House lawyer from testifying yesterday, at the Capitol in Washington, Wednesday, May 22, 2019. (AP Photo/J. Scott Applewhite)
It’s appropriate that the Democrat’s color is blue because things got really blue for them in the fourth quarter.
According to CNN, whom I’m sure was pained to admit it, President Donald Trump’s campaign didn’t suffer one iota from the impeachment circus put on by Rep. Adam Schiff. In fact, it resulted in what the President’s campaign is calling “the best fundraising quarter for the campaign in the 2020 election cycle.”
For all the trouble he’s put everyone through, Schiff raised Trump a whopping $46 million in the final quarter of 2019.
This puts the Trump campaign at $102.7 million cash on hand at present, outpacing every other 2020 candidate in the running right now.
“President Trump’s unprecedented fundraising is testament to his wide grassroots support and his stellar record of achievement on behalf of the American people,” said Brad Parscale, Trump’s campaign manager. “Democrats and the media have been in a sham impeachment frenzy and the President’s campaign only got bigger and stronger with our best fundraising quarter this cycle.”
Yes, it’s true that Trump is currently enjoying the “incumbent advantage” that allows all the cash focus to roll his way, but even the top of the fundraising totem pole on the Democrats side isn’t matching up to the cashflow being enjoyed by the Trump campaign.
In the fourth quarter, Sen. Bernie Sanders raked in a $34.5 million donation rush. Close, but still no cigar. When it comes time to decide on the nominee, it looks like Democrats will be able to decide between either Sanders or former VP Joe Biden. If Sanders’ momentum continues to build, then the question will become if the DNC will once again work to subvert Sanders in favor of the more easily controllable Biden.
If for any reason Biden doesn’t win the nomination, then the Democrats will have a host of problems on their hands. Billionaires and business owners, all of whom identified as Democrat donors, have already threatened to pull out if Sen. Elizabeth Warren wins the nomination thanks to her “eat the rich and rob the billionaires” approach to economics. Sanders isn’t much different.
Should Sanders win, I imagine the cash flow won’t get any better for Sanders. If Biden should win, the cash flow may increase, but the Democrats would then have the problem of having a very uncharged base with twice-alienated Sanders voters abandoning the party just like they did in 2016.
It’s a lose-lose for Democrats. Meanwhile, all Trump does is win.