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ONE OF THE BIG SURPRISES of this remarkable campaign is the clear advantage Democrats have in fundraising. This will make a difference in the home-stretch.
NEW FUNDING DATA released this week showed that the Harris campaign had raised about $300 million last month and had about $375 million on hand heading into August.
TRUMP’S TOTALS haven’t been released, but it appears that he has about $250 million. Most importantly, Trump and his allies are being outspent in the battleground states, according to the Washington Post.
OVER THE FIRST FIVE DAYS of August, Trump and his allies spent about $16.5 million on advertising, according to AdImpact, compared with about $23 million by Biden, Harris and their allies. From the beginning of March to early August, the Biden side has spent $309 million.
HUGE NEW DONATIONS will flood in from voters in both parties – from Silicon Valley, Wall Street and from those who were energized this week by the Chicago sugar high. Our guess is that both sides will be roughly tied in money they can spend – but in sheer numbers of contributors, the Democrats may continue their advantage.
MONEY CLEARLY IS A FACTOR in the free-fall that has afflicted Robert F. Kennedy’s campaign. Kennedy and his running mate sent out signals this week that he could consider joining the Trump campaign.
SUDDENLY LOOKING UNSURE, Trump indicated that he might bring the cash-starved Kennedy into the campaign, as something “that would be good” for MAGA. Imagine that – Kennedy running out of money, a problem that Harris clearly doesn’t have.
Related: Do Markets Have to Worry About Kamala Harris?
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