President Biden has defied expectations by amassing a staggering $71.2 million in the third quarter for his upcoming re-election campaign and the Democratic Party. This remarkable achievement outshines the previous administration by a substantial $26 million and nearly matches the combined total of Donald Trump, Ron DeSantis, and Nikki Haley.
Notably, the campaign has witnessed a surge in support, with the addition of 240,000 new donors since April who had not contributed during the 2020 campaign. Furthermore, they proudly report a loyal base of 112,000 recurring donors, each making monthly contributions.
The heart of this fundraising success lies in the grassroots, with an average contribution of $40. Remarkably, 97% of all donations were under $200, underlining the widespread appeal and accessibility of Biden’s campaign.
President Biden’s fundraising achievements reflect a level of enthusiasm for the campaign that often goes underreported in the media. Historically, the third quarter before an election tends to be a slower fundraising period, but the President’s numbers tell a different story. Campaign co-chair Jeffrey Katzenberg expressed that the campaign had “exceeded the high-bar goals” established for the quarter.
In Katzenberg’s words, “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. It’s concrete proof that the beltway chatter, the cable talking heads, once again have gotten this wrong. They underestimated Joe Biden.” President Biden’s remarkable fundraising success serves as a testament to his enduring appeal and support within the American electorate.
