Closing Thought–25Feb20

First let me say Happy Mardi Gras!

Debate Night!

There will be 7 or so Dem candidates on the stage for the debate tonight……and of those there only Bernie is flush with cash……(sorry about that I was ignoring the billionaires buying their way forward)….

At a time in the race when running a presidential campaign is getting more expensive, many of the Democrats remaining have less money. After being camped in Iowa for what seemed like ages, the candidates now have multiple, scattered primaries ahead. And on top of competing with Bernie Sanders’ fundraising surge, they now face a billionaire climbing in the polls who can spend as much as is needed. Joe Biden, Pete Buttigieg, Amy Klobuchar, and Elizabeth Warren are nearly out of cash, Politico reports. Financial disclosures filed Thursday night show Biden down to $7.1 million, Buttigieg with $6.6 million, Klobuchar at $2.9 million, and Warren having just $2.3 million. At the other end is Sanders, who has close to $17 million. For January, the candidates raised $58 million in total and spent nearly $357 million, per the Hill.

The struggling candidates are taking steps. Buttigieg, who raised $6.1 million in January but spent more than twice that, asked supporters this week to kick in another $13 million by Super Tuesday on March 3. “We are now also up against a billionaire who is throwing colossal sums of money on television instead of doing the work of campaigning,” he wrote, referring to Michael Bloomberg. Tom Steyer also is funding his own campaign. Warren has taken out a $3 million line of credit, though she had a strong month in January, collecting $10.2 million. The problem was that she spent twice what she took in. With the new need to buy ads in 14 states, super PACs are stepping in, as well. A new one, Persist PAC, lined up more than $1 million worth of ads this week for Warren.

Most of these candidates……are depending on South Carolina to give them a bump and some much needed cash infusions.

I Read, I Write, You Know

“lego ergo scribo”

2 thoughts on “Closing Thought–25Feb20

  1. When it is always about ‘the money’, policies and issues will take second place. These nomination battles take place far too late. The Democrats should have started 2020 with a chosen candidate, and they are still arguing with each other instead.
    Best wishes, Pete.

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