Republican donor enthusiasm is reaching new levels more than a year before the presidential election, sparking wild predictions that President Trump and the Republican National Committee’s joint fundraising committee will raise more than Trump and Hillary Clinton collected in the 2016 election.
GOP fundraisers said the president could rake in $2 billion to $2.5 billion, a record amount that is double what Clinton and former President Barack Obama took in for their most recent campaigns.
It would also be four times the $600 million Trump raised in 2016.
“With that kind of money, we’ll be hard to beat,” said a Trump insider, noting that Clinton out-raised Trump in 2016 2-to-1 and still lost.
Trump recently shocked the political and fundraising establishment when he raised more than $1 million an hour during the first day of his official reelection campaign. Not only did he host a huge rally in Orlando, Florida, but his campaign team and children, including Eric and Lara Trump, and Donald Trump Jr. and his girlfriend Kimberly Guilfoyle made calls to 200 top donors.
Teamed with the RNC, Trump raised $24.8 million on June 18. By comparison, Pete Buttigieg, the mayor of South Bend, Indiana, this week said he raised $24.8 million over three months, and former Vice President Joe Biden raised $6.3 million on the day he declared, the most one-day take of all the Democrats in the race.
READ Last year, the top 25 managers earned $32 billion even as the economy crashed and markets wobbled.