Staff Reports
Recent reports suggest that Joe Biden’s campaign fundraising is hitting rough waters, with both big and small donors showing signs of hesitation. Initially, small-dollar donations seemed to be holding steady, but now, major Democratic donors are reportedly pulling back their support, with some even demanding Biden’s withdrawal from the race.
The situation is dire for the Biden camp, as one insider described it as a “massive problem” with fundraising goals plummeting instead of skyrocketing as expected. Some fundraisers have been scrapped, and there are murmurs of donors threatening to withhold contributions until Biden exits the presidential race.
Biden Fundraising Is 'Cratering' Among Both Big and Small Donors https://t.co/g3pwvRE7rc
— NahBabyNah #Trump (@NahBabyNah) July 11, 2024
The financial crunch couldn’t come at a worse time for the Biden campaign, as they struggle to meet their small-dollar donation targets by a significant margin. With operational costs soaring and the specter of unpaid or departing staff looming large, crucial campaign activities like voter outreach and advertising are at risk of being severely hampered.
This funding shortfall poses a grave threat to Biden’s reelection bid, particularly as doubts grow about his ability to defeat Trump. Despite a brief surge in donations following a lackluster debate performance, the campaign is now facing a downward revision in grassroots fundraising projections.
Notably, high-dollar bundlers, who play a pivotal role in raising substantial sums for campaigns, are also feeling the pinch. Many of them are reportedly finding it impossible to drum up financial support, further exacerbating Biden’s fundraising woes.
Even prominent figures like George Clooney and Paypal CEO Bill Harris are turning their backs on Biden, with calls for his withdrawal from the race gaining traction. The campaign’s last-ditch effort seems to be stalling for time in the hopes that donors will eventually rally behind Biden or face the prospect of another Trump presidency.
As the clock ticks down, the Biden camp finds itself in crisis mode, scrambling to salvage what remains of their fundraising efforts. With donor confidence waning and financial targets in jeopardy, the road ahead looks increasingly challenging for the Democratic candidate.
