Elizabeth Warren’s 1st Quarter $6 million fundraising dud, and “she’s burning through money almost as quickly as she’s raising it”
This is not a campaign that is gaining momentum.
We have noted numerous warning signs about Elizabeth Warren’s fundraising efforts in comparison to top tier Democrats.
Warren held back her numbers while others released impressive amounts.
In an email today, Warren’s campaign manager Roger Laue revealed the bad news:
I’m really grateful that you’re a part of our grassroots movement. It means a lot to me, and it means a lot to Elizabeth.
So I wanted to give you an update on our fundraising numbers for the first quarter of this campaign. (Spoiler alert: We’re in good shape, and we’re excited to be able to keep up the fight!)
- Our movement is made up of more than 135,000 grassroots donors who’ve made more than 213,000 grassroots donations
- We raised more than $6 million with a $28 overall average donation
- This includes more than $1.4 million raised during the final week of the quarter, crushing our goal of 35,000 new donations and landing at over 50,000 new donations
- Adding this to what we already had in the bank, we’re entering the second quarter with $11 million cash on hand
Grassroots donations are the only reason Elizabeth can keep setting the tone for this race with substance and determination for big structural change. With your support, from organizing events across the country to the debate stage starting in June, she’ll keep laying out plans to tackle the root causes of why it’s gotten harder and harder for working people to get ahead.
But now that we hit our goal for the first quarter, we’ve got to keep up the pace in the second quarter — including this month.
***
I won’t sugarcoat it: We were outraised by some other candidates in the presidential primary this first quarter.
You might have seen some of the big numbers in the headlines, from $7 million to $18 million. Here’s a tip: Take a look at the number of grassroots donors — and donations — that candidates report….
To put in perspective how dismal this was, consider this Politico analysis:
Sen. Elizabeth Warren raised $6 million in the first three months of the year, landing her in the middle of the pack of 2020 candidates and highlighting the difficulty ahead competing for money against more prolific fundraisers like Bernie Sanders and Beto O’Rourke.
The Massachusetts Democrat also burned through more than 85 percent of what she raised in the first quarter.
While Warren has a comfortable cushion in the bank of funds leftover from her Senate campaign fund, with nearly $11.2 million cash on hand, the early fundraising reveals that Warren is spending like a front-runner but isn’t yet raising money like one.
John McCormack and Sahil Kapur at Bloomberg notes:
The total isn’t much more than the $5.3 million Warren raised in the first quarter of 2017 as she sought re-election to the Senate from Massachusetts.
The campaign has $11.2 million in the bank, after transferring $10.4 million from Warren’s Senate account, according to a campaign aide, who asked for anonymity because the figures haven’t been released publicly. That would mean the campaign spent about $5.2 million during the quarter — a level of spending that would suggest she’s burning through money almost as quickly as she’s raising it — including on more than 170 paid staff members, half of them in states holding early caucuses and primaries.
Warren’s haul puts her behind several others in the top tier of candidates seeking the 2020 nomination. Senator Bernie Sanders of Vermont, the current front-runner in polls among declared candidates, reported raising $18.2 million for his presidential bid in the first three months of the year, while former Texas Congressman Beto O’Rourke raised $9.4 million in just 18 days following his presidential campaign announcement in March.
Senator Kamala Harris of California has said she raised $12 million from more than 218,000 individual contributions, while Pete Buttigieg, the mayor of South Bend, Indiana, reported collecting $7 million.
Warren’s campaign has not caught fire, but it’s burning.
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Comments
ain;t this a damn shame?
/me sheds a single crocodile tear.
😎
“Takes Heap Big Wampum to run for office.”
Chief Slinging Bull Donation solicitation letter.
170 paid staffers? This early on such meager fund raising?
Heh. Socialists are never good at managing by the numbers.
You have to run a campaign like a business. When you lay-off staffers it devastates morale. If you wait too long, it devastates morale and your cash position.
But maybe she is dancing to a different tune ..:
“It’s better to burn out
Than to fade away
My my, hey hey.
Out of the blue
and into the black
They give you this,
but you pay for that
And once you’re gone,
you can never come back”
Heh, heh, heh,
Sure, she’s been gaining momentum. In a ballistic sorta way.
She needs her per cap.
For starters, she could slash her beer budget.
Reissue “Pow Wow Chow,” and see if soros buys as many copies as he bought of obamas’ and clinton’s fake books.
Elizabeth Warren’s Pow Wow Chow ‘Cherokee’ recipes were word for word COPIES of famous FRENCH chef’s techniques:
https://www.dailymail.co.uk/news/article-2146628/Elizabeth-Warrens-Pow-Wow-Chow-Cherokee-recipes-word-word-COPIES-famous-FRENCH-chefs-techniques.html
She’s’ such corrupt scum.
The big money will come from elites and celebs to the eventual winner of the royal rumble. They are all going to burn now to try and win the sweepstakes.
She’s not doing well though…thats correct.
People need to remember that the way the election funding laws are written, many people run for office just for the chance at having that cash run through their fingers with some sticking.
As I understand after a certain point if/when they drop out of running, they get to keep a lot of that money and the accounting tracking isn’t all that extensive. They can also donate that money to someone else. That means they can use it and also kick some back through various means.
Our elections have become big business. Take a look at how much in the last few years since the election laws were passed the number of candidates has grown. Billions are involved and one of the biggest recipients is the media. And all the consultants. Note how many are losers yet they still get hired. That’s to cover spending the money. It’s easy to give someone a 100,000 salary and then for them to kick back some to the giver. Done all the time and if done carefully won’t get spotted. Few are caught and none are prosecuted. Unless they’re GOP.
I hear she’s taking shifts at the Dedham, MA Hooters to make ends meet.