Democrat President Joe Biden’s 2024 reelection campaign is struggling to raise money from donors, according to a new report.
A dozen bundlers and donors across the country told Politico that Biden’s campaign fundraising numbers are not as strong as he hoped.
The lack of cashflow is causing “anxiety,” “concern,” and “nervousness” among his supporters, the report says.
When the 2024 campaigns file Federal Election Commission (FEC) reports next month, the picture will become clearer.
Biden’s goal is to raise about $2 billion for the entire cycle to defeat the Republican nominee.
“One DNC official dismissed the early anxiety as typical sky-is-falling tactics that bundlers use every election cycle,” Politico reported.
However, two people who tried to raise money in California for the president this week reportedly only received single-digit responses:
“One joked that the same two or three dozen Democrats were emailing and calling the same list — guaranteeing the low return rate they saw.
“An email from one fundraiser informed recipients of ‘limited Reduced Price Tickets’ for Biden’s fundraiser Monday evening in Tony Atherton, Calif., a development they attributed — dubiously — to ‘the demand to see the president.’
“The person who forwarded the email, perhaps ironically, balked at buying a ticket.”
“Another Biden bundler described the struggle to sell the high-dollar tickets for a Nashville event this coming weekend with First Lady Jill Biden,” the report adds.
“While the less expensive tickets were an easier sell, the fundraiser said the city’s top Democratic donors were stretched thin given the competitive mayoral and city council races taking place in August.
“Biden is a notoriously poor fundraiser, having struggled with it during his prior presidential bids.
“But the good news this time around, as he seeks to raise $2 billion this cycle, is that he has time and little immediate need to spend,” the report says.
“Not having a primary allows him to sock cash away for next year’s bruising general election.”
Polling also appears to mirror Biden’s fundraising numbers.
In April, a CBS News/YouGov poll found that less than a quarter of Democrats felt excited about Biden’s 2024 campaign.
In May, another poll found that Biden’s top Democrat challenger, Robert F. Kennedy Jr., was held favorably among 54 percent of respondents.
One month later, Kennedy surpassed Biden in favorability by five points (50-45 percent), an Economist/YouGov poll found.
