Be afraid, Democrats. Be very afraid.
Donald Trump’s record-breaking fundraising is a sign that he has built a formidable 2020 campaign apparatus — but the flood of donations also proves that his policy accomplishments are resonating with the American people.
President Trump’s reelection effort took in an astonishing $105 million in the second quarter of 2019, easily beating out former President Barack Obama’s fundraising effort at the same point in his presidency. Obama’s re-election campaign and the Democratic National Committee managed to raise a combined $85 million in the second quarter of 2011, $20 million less than President Trump.
Even more impressively, a large proportion of that money came from small-dollar donors who gave less than $200 each — overall, the President’s reelection effort received about 725,000 individual contributions averaging just $48 each. Republicans have historically relied more on large donors, but the Republican National Committee actually took in a greater share of donations from small donors last quarter than did the Democratic National Committee.
Obama more or less coasted to victory in the 2012 presidential election, and there’s good reason to anticipate that Trump is on a winning trajectory on his way to a second term in office. If anything, this President is in an even stronger position than his predecessor was, because in stark contrast to Obama’s record, his pro-growth policies have fundamentally rejuvenated the U.S. economy, creating millions of new jobs for American workers.
In fact, the U.S. unemployment rate reached a 50-year low of 3.6 percent under President Trump, more than a full percentage point lower than it was when Obama left the White House after presiding over a barely-noticeable economic “recovery” for eight years. While the unemployment rate ticked up slightly in June, to 3.7 percent, that was only because more than 300,000 workers entered the workforce to take advantage of the improved labor market.
President Trump’s policies have also put a lot more money into people’s pockets, which could help to explain why so many people have money to donate to his reelection campaign. The President’s historic tax cuts, for instance, saved the average taxpayer more than $1,400 on their federal income taxes last year. Wages are also rising at a healthy clip, and the recent boom in job creation means that far fewer Americans are struggling to make ends meet.
Most of the candidates running for the Democrat presidential nomination have yet to release their own fundraising figures for the second quarter, which are not officially due out until July 15. Some, including South Bend, Indiana Mayor Pete Buttigieg, have announced their results and exceeded expectations, but none of them are in the range of Trump’s impressive haul.
Of course, the Democrats are in a bit of a bind. How do they credibly argue against President Trump’s stewardship of our economy when the results are downright explosive?
Time and again, leading Democrat presidential candidates — including Senator Bernie Sanders, former Vice President Joe Biden, Senator Kamala Harris, and Senator Elizabeth Warren, among others — have insisted that middle-income Americans are struggling under President Trump and that a new policy vision is necessary in 2020.
Sure, their base is fired up, but how far will that get them with the General Election electorate next year when voters can confidently say they’re better off than they were four years ago?
One particularly preposterous argument, articulated by Sen. Kamala Harris during the first round of Democrat primary debates, is that Americans are taking on multiple jobs because they are desperate for additional income. In reality, though, the number of Americans who are employed part-time for economic reasons has decreased significantly over the course of Trump’s presidency, largely thanks to his pro-worker policies.
The President’s strategic counter-tariffs against China, for instance, are protecting American jobs from the sleazy trade practices that Beijing has used to undermine the competitiveness of U.S. companies for decades.
The Democrats, however, would not only eliminate the pro-growth policies that brought about our current prosperity, they would compound the pain for American families by repealing the tax cuts that saved the typical family of four nearly $3,000 last year
Try as they might, the Democrats can’t erase President Trump’s accomplishments by lying to the American people. The President’s impressive fundraising haul proves that voters are passionate about his policies, and that they want him to keep America great for another four years.
Mica Mosbacher is the American author of The Hurricane Factor: Stormside Patriots and the memoir Racing Forward. She is a member of the National Advisory Board of Trump 2020, a political strategist and a frequent guest conservative commentator on Fox News, FBN, BBC World, BBC Newsday, TRT, ITN, LBC and CBC Radio, ITV. She is the Former RNC Finance Chair and had national roles in five presidential campaigns
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