WASHINGTON, D.C. June 26 (DPI) – Money will have less influence on the outcome of November’s presidential election than any in the last 50 years, many experts are saying, as the current crises loom large over a divided, angry – and motivated – electorate.
Joe Biden and his allied political groups have out-raised Trump for campaign funds over the last eight weeks, but he still trails Trump in total fundraising. Biden now has taken in a total of $303 million while having spent more than $196 million, according to opensecrets.org.
Trump, meanwhile, has raised a total of $353 million while he’s already spent $238 million, leaving his campaign with about $132 million in cash on hand.
The Biden campaign has about $108 million in cash available.
But how much will dollars matter in this election cycle? True, campaigns demand ever-more funds – especially from large donors such as corporations and labor unions – and more money is now being spent than in the previous cycle. But between the Covid epidemic and the ongoing social-justice protests, there are indications that money won’t matter as much in this outcome.
Indeed, the too-close-to-call Kentucky Senate Democratic Primary is a prime example of money being less relevant in a political race. State legislator Charles Booker, who spent very little money compared with his opponent Amy McGrath, is edging ahead in the voting results, and may end up challenging Mitch McConnell in November.
The presidential election and its money demands are of course a different animal entirely. but the hardened sentiment of the national electorate – particularly opposed to Trump, who is trailing more and more as each polling week passes.