Trump swamps 2020 Democrats in battle for third-quarter cash

WASHINGTON >> Three top Democratic White House hopefuls said Tuesday that they took in a collective $56 million over the last three months. But in a sign of what they’re up against, President Donald Trump and his allies swamped them all by raising $125 million.

The staggering sum, which was split between the Trump campaign and the Republican National Committee, highlights the cash gulf between Democrats and Republicans. It could revive anxieties among Democrats that a protracted primary featuring nearly 20 candidates could be counterproductive while Trump builds a massive cash advantage that can be used against the ultimate nominee.

“This is a (ton) of money,” Bakari Sellers, a top surrogate for California Sen. Kamala Harris, tweeted in reference to Trump’s fundraising. Though activists who contribute small amounts online have been widely celebrated, he said that won’t stand up to the Trump operation. “Small-dollar donations alone ain’t going to save our democracy.”

So far, Vermont Sen. Bernie Sanders leads Democrats in third-quarter fundraising. On Tuesday, he reported a $25.3 million haul, the largest quarterly sum a Democratic White House hopeful has posted this year and an amount that ensures he will be an enduring presence in the primary. Much of it was raised from his army of small-dollar online contributors.

Pete Buttigieg, who entered the race as the little-known mayor of South Bend, Indiana, also pulled in $19.1 million. That’s an almost $6 million dip from his field-leading sum last quarter but a figure that’s all but certain to place him in the top tier.

Now the question turns to how much money Joe Biden and Elizabeth Warren raised during the third quarter. The former vice president and the Massachusetts senator are in an increasingly close race for first place, according to several polls. They have yet to release their fundraising figures.

There’s a growing sense of urgency for the White House hopefuls as the primary becomes a fierce battle for a limited pool of cash. In the days and hours before Monday’s deadline, they pleaded for money, making appeals on social media and collectively blasting out more than 80 emails asking supporters to “chip in” $5, $10 or $50. The third-quarter figures have to be reported to the Federal Election Commission by Oct. 15.

Those outside the top tier are facing pressure to post competitive numbers or get out. They will not only face challenges paying for advertising to amplify their message, but are also likely to struggle reaching fundraising thresholds set by the Democratic National Committee to qualify for future debates.

“If you are being outraised 3-to-1 by Elizabeth Warren, Bernie Sanders or Joe Biden, you have no viable path to victory,” said Rufus Gifford, Barack Obama’s former finance director. “Even if you can compete in the early states ... shortly thereafter you will run out of money.”

Over the summer, Harris kept up an aggressive fundraising schedule to stockpile the cash needed to build up her operation in early states. Yet she did not improve on her past performance amid a series of stumbles and restarts. The $11.6 million she reported raising keeps virtually even with her totals from each of the past two quarters, suggesting she hasn’t caught on with much of the party’s activist donor base.