Joe Biden’s allies are concerned that the former vice president’s campaign will not be able to compete with President Trump’s fundraising juggernaut, particularly as the COVID-19 pandemic wreaks havoc on the economy.
“It’s our biggest problem right now in the general election,” one aide acknowledged.
A New York Time analysis found that the Trump campaign and Republican National Committee have a $187 million advantage over the Biden campaign and the Democratic National Committee (DNC).
“That’s insurmountable,” said one Democrat who has raised money for Biden. “I don’t see how you make that up. People say you don’t need as much for this election because you don’t have to spend on a field team because of the pandemic. But people are stuck at home so you better be able to match their TV spending.”
In March, Biden raised $46.7 million, a major uptick from the $18.1 million he drew in February. His campaign said that 70 percent of the donations stemmed from online contributions.