Biden Is Winning the Money Race. Does It Matter?
The Run-Up
The New York Times
4.4 • 2K Ratings
🗓️ 4 April 2024
⏱️ 48 minutes
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| 0:00.0 | One thing I've learned about presidential campaigns is that you'll almost never catch a candidate in New York City. |
| 0:07.0 | Unless, of course, they need to raise some money. |
| 0:10.0 | And last week, that was the case when three U.S. Presidents, Biden, Obama, and Clinton, |
| 0:20.0 | all gathered at Radio City Music Hall for what the Biden campaign called, quote, |
| 0:25.3 | the most successful political fundraiser in American history. |
| 0:30.1 | And we just have to take their word for it, in part because we weren't able to get in. |
| 0:35.0 | But here's the gist. |
| 0:36.0 | Tickets started the $250 on the low end, and $100,000 on the high end, |
| 0:42.0 | which got to a photo with all three presidents, an entrance to a private |
| 0:46.1 | reception. |
| 0:48.0 | There are performances by Queen Latifah, Lizzo, and an appearance from Stephen Colbert. In the end, the campaign says it raised more than $25 million. |
| 0:59.0 | But this wasn't just another gathering of the rich and famous. It's an example of something the |
| 1:04.5 | Biden campaign has done really well, courting big donors and just in general |
| 1:09.8 | raising a lot of money. In February alone, the Biden campaign and the Democratic Party |
| 1:17.0 | raised $53 million, bringing their total cash on hand, |
| 1:21.0 | as of the beginning of March, to $155 million. |
| 1:26.5 | That's more than $50 million ahead of where Donald Trump and the RNC say their current |
| 1:30.9 | fundraising totals are. |
| 1:33.0 | Which, theoretically, should allow Biden's campaign to build out a more robust operation |
| 1:39.0 | than their opponents. |
| 1:41.0 | But to this point, Biden's money advantage is yet to solve his political problems. |
| 1:46.5 | Like weak poll numbers against Trump, continue concerns about his advanced age, |
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