Tag Archives: Democrat fundraising

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Wall Street Backing Dems in Midterms

$56.8 million

“There’s still a week to go before the midterm elections, but Wall Street has already voted — with its campaign contributions,” CBS News reports. “The securities and finance industry has backed Democratic congressional candidates 63% to 37%… Democratic candidates and political action committees have received $56.8 million, compared to Republicans’ $33.4 million.”

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Bloomberg Gives Dems Another $10 Million

$10 million

Billionaire and former New York City Mayor Michael Bloomberg is giving an additional $10 million to support Democratic candidates in the midterm elections, bringing his total spending in the midterms to $110 million, CBS News reports. Bloomberg donated the money to his super PAC, Independence USA.

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Dem Candidates Have Raised Over $1 Billion

$1.06 billion

“Democratic candidates running for Congress this year collectively raised more than $1?billion for their campaigns — a record-shattering sum that highlights the party’s zeal to retake the House and Senate and underscores the enormous amount of money flowing into the midterm races,” the Washington Post reports. “The $1.06?billion raised through the end of September surpasses the nearly $900?million collected by Republican candidates for Congress in 2012 — previously the largest haul registered by a single party by this point in the election cycle.”

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Democrats Out-Raising Republicans by Multiples

92

“House Democrats aren’t just beating Republicans at the fundraising game—they’re annihilating them,” the National Journal reports.“Ninety-two Republican incumbents were outraised by a challenger in the third quarter of 2018, a sharp increase from the 56 outraised in the second quarter. And that topline doesn’t even fully capture the scope of Democrats’ cash advantage. More than 50 of those members were outraised at least 2-to-1 and 31 were outraised 3-to-1 or more.”

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Democrat Governors Raise $100 Million

$100 million

“The Democratic Governors Association will announce today that it raised more than $100 million for the 2018 midterm cycle, with $22.2 million of it coming in September — the largest haul ever for an organization that sometimes struggles for attention during battles for the House and Senate,” the Washington Post reports.

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Democrats Spending Big on Underdog Candidates

$1 billion

Associated Press: “The November midterms are on pace to shatter records for political spending. While more than $1 billion raised so far nationally is helping finance battlegrounds that are poised to decide control of Congress, restless donors aren’t stopping there — they’re also putting cash into races and places they never have before to help underdog Democrats.”

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Democrats Riding a Green Wave of Money Toward Midterms

$151,000

Joshua Green: “They’ve caught a green wave of cash— the torrent of money pouring into Democratic campaign coffers helped 73 House candidates out-raise Republican incumbents and opponents in races for open seats in the second quarter, a Bloomberg analysis of Federal Election Commission data shows. … In the second quarter of this year, non-incumbent Democratic House candidates raised more than three times the amount they did in the same period in 2014. That works out to an average of $151,000 per candidate, compared with $101,000 in 2014.”

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Dallas Morning News Calls Ted Cruz a ‘Republican Darling’ — Ick!

$10.4 million

Beto O’Rourke (D) “raised an eye-popping $10.4 million in the last three months — catching up to Sen. Ted Cruz’s (R) six-year haul in just over 15 months as he seeks to topple the Republican darling,” the Dallas Morning News reports.

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Dem Super PAC Crushing GOP Counterparts

$22.2 million

Politico reports the Senate Majority PAC raised $22.2 million in the first quarter of 2018, as compared to $13.9 million for the GOP’s Senate Leadership Fund and the constellation of affiliated groups. “This is an extraordinarily strong haul for the outside group.”

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GOP Lagging Behind Democratic Fundraising Efforts

43

“A whopping 43 House Republicans raised less money than Democratic challengers in the first three months of 2018 — nearly the same number of stragglers the GOP had at the end of last year,” Politico reports. “An overlapping group of 16 Republican incumbents already have less cash on hand than Democratic challengers, up from the end of 2017, despite hopes that tax reform would open more donor wallets.”