July 16, 2023 8:58am EDT
Biden campaign relying on cash from wealthy Dems as middle class withhold donations
Obama's re-election effort had more than double Biden's small donations by this time in 2012
By Anders Hagstrom | Fox News
President Biden's 2024 re-election campaign is relying on large donations from deep-pocketed Democratic donors as support from middle-class voters has yet to materialize.
The Biden Victory Fund has raked in tens of millions in donations from wealthy party members in San Francisco, Chicago, New York City and Washington, D.C., but his small-dollar donations are trailing well behind other recent Democratic campaigns.
Small-dollar donations, defined as anything under $200, accounted for $10.2 million in Biden's fundraising for the three-month period that ended June 30, according to the New York Times. That is less than half the $21 million President Barack Obama received over the same period during his 2012 re-election campaign.
While Democrats are quick to blame a host of reasons for the slowdown, the trend indicates that Democratic voters are less invested in Biden's success than they were in 2020.
more
https://www.foxnews.com/politics/biden-campaign-relying-cash-wealthy-dems-middle-class-withhold-donations
