Happy New Year for Sanders, Trump in fundraising hauls

Bernie Sanders.

Bernie Sanders.   | Photo Credit: AFP

The new figures brought Mr. Sanders' total campaign fundraising last year to $96 million, making him the leading fundraiser so far

Bernie Sanders raised more than $34.5 million in the last quarter of 2019, the largest three-month haul for a 2020 Democratic presidential candidate, while Republican President Donald Trump drew $46 million on the heels of his impeachment, their campaigns said on Thursday.

The new figures brought Mr. Sanders' total campaign fundraising last year to $96 million, making him the leading fundraiser so far among 14 Democrats vying to face Mr. Trump in November's presidential election. States begin choosing candidates next month with the Iowa Caucuses on Feb. 3.

Mr. Trump, a polarizing president popular with a large majority of Republicans but vilified by many Democrats, maintained his formidable fundraising edge over Democrats with a surge of donations following his impeachment last month by the Democratic-led House of Representatives.

“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,” his campaign manager, Brad Parscale, said in a statement.

The Trump campaign's latest quarter eclipsed a third-quarter fundraising haul of nearly $41 million. It begins the 2020 re-election year with cash on hand of $102.7 million, his campaign said, an amount that will help his bid to compete in states beyond those that carried him to a surprise victory in 2016.

Some Democrats have not yet disclosed their fourth-quarter fundraising numbers, but those who did had strong showings. Pete Buttigieg raised $24.7 million in the fourth quarter, a hefty total expected to land him among the top fundraisers in the Democratic field. Businessman Andrew Yang raised $16.5 million, well over the nearly $10 million he took in previous quarter.

The other candidates leading the pack of Democrats, former Vice President Joe Biden and Senator Elizabeth Warren, have not released their latest figures.

Ms. Warren's campaign told supporters last week it needed more donations to meet its $20 million goal for the quarter. Mr. Biden's fundraising lagged behind those of his main rivals in the last quarter.

Mr. Sanders, a U.S. senator from Vermont who wants to reduce the sway of corporate America and economic inequality, has built his campaign on small donations, largely through online fundraising from an ethnically diverse, mostly young coalition of supporters.

Campaign manager Faiz Shakir said Mr. Sanders' “grassroots movement” showed he was the best placed candidate to defeat Mr. Trump.

“He is proving each and every day that working class Americans are ready and willing to fully fund a campaign that stands up for them and takes on the biggest corporations and the wealthy,” Mr. Shakir said in a statement.

Mr. Sanders, 78, bounced back from a heart attack in early October to win growing support for his platform of expanding government-run healthcare, making college free, and investment in renewable energy paid for with higher taxes on the wealthy.

Two billionaires in the Democratic race, Tom Steyer and Michael Bloomberg, are relying on their own money to fund their campaigns but have not released latest funding figures.

Mr. Bloomberg has spent more than $76 million on television ads since Nov. 16, while Mr. Biden, Ms. Warren, Mr. Sanders and Mr. Buttigieg have spent a combined $13.2 million all year, according to an analysis by the Wesleyan Media Project citing Kantar/CMAG political ad data.

The New York media mogul, who only entered the race in November, has outspent Mr. Steyer, who has put more than $72 million into TV ads this year.

Mr. Bloomberg has risen to fourth place in the Democratic race with the support of about 5% of Democratic-leaning voters, according to a Reuters/Ipsos poll conducted Dec. 18-19, while Mr. Steyer has just garnered 2% support.

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Printable version | Mar 29, 2020 4:54:53 PM |

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