this post was submitted on 15 Oct 2023
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politics

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President Joe Biden raised more than $71 million for his reelection campaign and the Democratic Party in the third fundraising quarter of the year, his campaign announced on Sunday, far outpacing former President Donald Trump and the rest of the GOP primary who have reported their results so far.

The president’s political operation with the Democratic National Committee ended the quarter with $91 million, the campaign said. Biden’s campaign did not disclose how that money was divided between the campaign and the party committee.

The president nearly met the $72 million that he raised in the first fundraising quarter this year, though that period was three weeks shorter since he launched his reelection in late April.

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[–] Semi-Hemi-Demigod@kbin.social 81 points 1 year ago (3 children)

Legalized bribes that are required to win an election.

Greatest system ever, right there.

[–] ImFresh3x@sh.itjust.works 48 points 1 year ago (2 children)

Since citizens united this is sadly true. That said, the average contribution was $39. And 97% of the total came from contributions under $200.

[–] Ensign_Crab@lemmy.world 16 points 1 year ago

Since citizens united this is sadly true.

It was true before citizens united as well. Citizens united just formalized it.

[–] Socsa@sh.itjust.works 34 points 1 year ago

This is not even where the bribes flow. That's through the PACs. This is almost entirely small, individual contributions from actual people who care more about their stake in society than smug cynicism.

[–] Unaware7013@kbin.social 66 points 1 year ago

Amazing what being the only realistic alternative to naked fascism will do for your fundraising numbers.

[–] Rapidcreek@reddthat.com 33 points 1 year ago (1 children)

And he doesn't even have to spend 80% of it on legal fees.

[–] distantsounds@lemmy.world -2 points 1 year ago

He gets to spend it on ads, signs and other super important stuff that I’m sure will benefit the people for years to come. Capitalism fuck yeah!

[–] stephfinitely@lemmy.world 6 points 1 year ago (1 children)

Well the GOP are not showing the swing voters that can actually do anything. Everything the GOP has done recently (longer then but just more visible) is obstruct not just Democratic but themselves too.

[–] Karak@kbin.social 3 points 1 year ago

I mean, it also makes sense numbers wise. Republicans still need to pick their guy, democrats literally have one person to give money to.

[–] autotldr@lemmings.world 2 points 1 year ago

This is the best summary I could come up with:


The president nearly met the $72 million that he raised in the first fundraising quarter this year, though that period was three weeks shorter since he launched his reelection in late April.

Katzenberg argued it provides Biden with an upper hand as he’s able to devote the early resources toward the general election while Republicans battle it out in their primary.

“Actions speak louder than words, and what this result is really about is not the vibes, not the feelings, not the angst, not the tea leaf reading.

Biden’s latest fundraising figure is higher than that raised by the candidates in the Republican presidential primary, according to the amounts reported so far.

Biden’s campaign has also doubled the number of donors who have committed to donating every month since last quarter, with the figure now reaching over 112,000 people.

The president’s team used some of the same online tactics from the second quarter to scoop up money from small-dollar donors, raising nearly $2.5 million through a contest to meet Biden and Obama and bringing in close to $2 million since August through the sale of “Dark Brandon” mugs, which Biden pitched through social media videos.


The original article contains 764 words, the summary contains 195 words. Saved 74%. I'm a bot and I'm open source!

[–] krolden@lemmy.ml -1 points 1 year ago

Elections are just venture capital funding pitches