Biden Donors 'Furious' Over 'Very Alarming' Money Situation As Most Obama Bundlers FleeArchived Message
Posted by Riverbender on October 26, 2019, 9:39 pm
Joe Biden donors are reportedly 'furious' that the campaign has entered deficit spending - raising $15.7 million in the third quarter, while spending $2 million more than that, according to the New York Times.
Steve Ricchetti, one of Joseph R. Biden Jr.’s closest confidantes, is reaching out to wary donors to shore up support. The Biden presidential campaign is watching costs — some staff members are sleeping at homes of volunteers — and facing criticism for spending on chartered jets. Mr. Biden’s team is also urging allies to redouble fund-raising efforts before the calendar turns to 2020 and he has fewer days to devote to the money trail.
And in a confidential memo to top bundlers this week, Mr. Biden’s campaign manager, Greg Schultz, sought to allay growing concerns that Mr. Biden is facing a cash crunch and won’t be able to stay competitive with his rivals on the airwaves and on the ground.
“We will have the resources we need to execute our plan,” Mr. Schultz wrote in the memo, obtained by The New York Times. But he simultaneously exhorted the money-raisers to do more: “We’re asking you to dig deep.”
The Biden campaign and its backers are racing to contain fallout from revelations this month that his campaign is spending more money than it is taking in, unlike his leading rivals. Mr. Biden’s cash on hand — $9 million — is now only a fraction of what Senators Bernie Sanders ($33.7 million) and Elizabeth Warren ($25.7 million) have banked. He even has less on hand than two candidates, Mayor Pete Buttigieg and Senator Kamala Harris, who are well behind him in the polls.
on October 26, 2019, 9:39 pm