After the first debate between President Biden and former President Donald Trump, financial difficulties are now plaguing the Biden campaign.
According to insiders, fundraising is currently in a “dangerous” state with receipts from major funders perhaps shrinking by over half this month. The whole support network is said to be affected by the decline in donations, as Parami News reports.
The money has really dried up,” said one insider of the campaign
Following the September 29 debate, they initially celebrated raising $14 million and another $14 million for two days afterwards before their post-debate surge subsided. A source said that donors left a recent call with the president feeling “burnt out” including comments like “it looked fake” and “I wish he had been harder.”
Moreover, fundraising prospects have been further hampered for his presidential campaign due to doubts about whether Biden will stay in the race or withdraw from it.
You can’t reach out to somebody because somebody might go ‘Geez I didn’t know, he has dementia’ says one of Mr. Biden’s top bundlers.
The report on struggling fundraising efforts comes just before what donors granted him after such concessions of his substandard performance during the debate were rumored as being a two week grace period.
Donors expect that post-debate there will be a drop off but anything beyond two weeks would be problematic and hard for donors to swallow according to someone who was privy to a call with top campaign contributors.
In an op-ed published Wednesday in The Parami News, Oscar-winning actor George Clooney—who recently helped raise approximately $30 million for the president—called on Biden to abandon his re-election bid saying that he is an octogenarian incumbent who “can’t win against Trump.”
