Biden could face fundraising challenge if he runs

Mar 2012
52,933
35,028
New Hampshire
#1
He would seek more traditional corporate/PAC money than individual small donor. Does that matter in 2020?

On the cusp of another White House run, Joe Biden faces a daunting challenge that could complicate his path to the 2020 Democratic presidential nomination: money.

Those close to the former vice president believe he would start off at a fundraising disadvantage compared with would-be rivals, whose campaigns have benefited from an early flood of small-dollar donations from the most liberal wing of the party. Biden, a 76-year-old lifetime politician with strong connections to the party's establishment, would be forced to rely on an "old-school grind-it-out" plan to generate campaign cash from wealthy individual donors, according to a person with direct knowledge of Biden's thinking.

Biden has long disliked the time-intensive process of political fundraising. But with virtually no campaign operation in key states, he'd need to generate millions of dollars in a matter of weeks should he enter what is expected to be the most expensive presidential campaign in U.S. history.

"He obviously has a lot of friends among the Democratic donor community," said David Axelrod, one of former President Barack Obama's top political advisers. "But fundraising today is turbo-charged by social media. He's not of the social media generation."

Joe Biden eyes fundraising challenge amid new sense of urgency
 
Oct 2013
25,410
21,678
USA
#2
Once he announces he is running and if he is still leading, that may not be an issue. I suspect a seriously good online team can more than do the job of fundraising. Right now it is easy to under-estimate him but we'll see.
 
Apr 2012
75,810
5,634
#4
He would seek more traditional corporate/PAC money than individual small donor. Does that matter in 2020?

On the cusp of another White House run, Joe Biden faces a daunting challenge that could complicate his path to the 2020 Democratic presidential nomination: money.

Those close to the former vice president believe he would start off at a fundraising disadvantage compared with would-be rivals, whose campaigns have benefited from an early flood of small-dollar donations from the most liberal wing of the party. Biden, a 76-year-old lifetime politician with strong connections to the party's establishment, would be forced to rely on an "old-school grind-it-out" plan to generate campaign cash from wealthy individual donors, according to a person with direct knowledge of Biden's thinking.

Biden has long disliked the time-intensive process of political fundraising. But with virtually no campaign operation in key states, he'd need to generate millions of dollars in a matter of weeks should he enter what is expected to be the most expensive presidential campaign in U.S. history.

"He obviously has a lot of friends among the Democratic donor community," said David Axelrod, one of former President Barack Obama's top political advisers. "But fundraising today is turbo-charged by social media. He's not of the social media generation."

Joe Biden eyes fundraising challenge amid new sense of urgency
He started today with the unions.
 

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