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Democrats tap ‘fundraging’ to garner hundreds of millions for campaigns
Wall Street betting heavily on Biden win in home stretch of campaign: Gasparino
Sources tell FOX Business’ Charlie Gasparino that firms and banks are giving almost twice as much to Biden than to Trump.
Eileen Dorn said her husband donates to Democratic South Carolina Senate candidate Jaime Harrison whenever GOP Sen. Lindsey Graham says something that irritates them. “It’s getting expensive,” she said.
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Mike Dorsam read that President Trump paid $750 in federal taxes two years in a row, took out his phone and decided a $7.50 contribution to Democratic presidential nominee Joe Biden seemed about right.
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Think of it as “fundraging” — the term some political strategists are using to describe how Democrats have tapped into heightened emotions to boost campaign donations to unprecedented levels this year.
“‘Fundraging’ very neatly summarizes low-dollar donor behavior, the collision of emotion and giving,” said Patrick Ruffini, a Republican pollster and digital strategist.
Across the 14 most-competitive Senate races, Democrats collectively raised nearly $200 million more than their Republican counterparts in the three-month period that ended Sept. 30, according to Federal Election Commission reports filed Thursday.
Leading the pack was Mr. Harrison, who collected $58 million for the quarter, beating the previous quarterly Senate fundraising record by about $20 million. Mr. Graham, who has been vocal about his challenger’s formidable cash hauls, raised $28 million, the most ever for a Republican Senate candidate. Neither campaign responded to requests for comment.
Mr. Biden said Wednesday that his election effort raised $383 million in September, setting a new presidential fundraising record for a second consecutive month. That is 54% more than the $248 million Mr. Trump’s re-election campaign said it raised.
Democratic donors are also showering cash on House campaigns, the new FEC filings show. The party’s candidates in all but five of the 25 races rated as tossups by the nonpartisan Cook Political Report outraised the Republicans. In Texas, Wendy Davis, one of the Democrats’ best House candidates in fundraising, more than doubled Republican Rep. Chip Roy’s $1.6 million third-quarter total.
Carolyn Campe, a retired lawyer in Boca Raton, Fla., had never made a campaign contribution until this election, records show. Now she has donated more than 6,000 times, often just a buck or two, to dozens of Democrats.
“I am so anxious to get rid of President Trump that I would do almost anything,” she said. “This is an emergency. It’s truly frightful. I just sit here and read the news and the political emails and donate, donate, donate.”
There are signs that GOP candidates also see their fundraising fortunes rise when tempers flare. The Trump campaign and the Republican National Committee raised $117 million over several months in a “Stop the Madness” impeachment-inspired fundraising drive.
Lacy Johnson, a Republican, raised more than $6 million during the third quarter for his challenge to Democratic Rep. Ilhan Omar of Minnesota, a member of the liberal “Squad” who has drawn frequent GOP criticism. Mr. Johnson is a long shot in a heavily Democratic area.