There is increasing talk that President Biden’s re-election campaign has been rather low-key, compared to previous Democratic Party bids. Curiously, Biden boasts a larger re-election war chest than any other of his 2024 presidential rivals.
For perspective, then-President Obama dropped north of $10 million at this juncture in his 2012 re-election bid. Thus far, Biden has only spent $1.4 million.
Joe Biden’s Low Profile Re-Election Campaign
Julie Chavez Rodriguez is Biden’s campaign manager, who is now pursuing a more decentralized strategy.
This strategy involves outsourcing the bulk of Biden’s campaigns to the Democratic National Committee and party organizations in each state and the nation’s capital.
Per individuals close to the Biden campaign, this entire re-election effort could drop $2 billion by November 2024.
Biden re-election campaign to be headquartered in Wilmington, Delaware https://t.co/TjzecfDbA2
— Fox News (@FoxNews) July 18, 2023
Biden’s re-election campaign is taking advantage of recent changes in campaign finance rules. These rules allow big money donors to pitch in considerably more funds to the Democratic Party than to individual candidates.
As a result, the Biden campaign can enjoy much higher funding than the Obama campaign could muster in its 2012 re-election bid.
Leading donors could drop over $900,000 to the DNC and state affiliates. By contrast, under previous campaign regulations, individual donors could only pitch in $6,600 to a presidential candidate.
In effect, high-rolling Democratic donors and dark money organizations are cooperating to raise large amounts of money for Biden. Therefore, he enjoys a solid funding advantage against whoever ends up as the GOP nominee.
Will Joe Biden Be the Democratic Nominee in 2024?
However, some are speculating the low-profile nature of Biden’s re-election effort could be a sign the incumbent president may not be the Democrat Party’s nominee in 2024.
Biden’s age and the perception that his cognitive abilities declined precipitously have fueled rumors about him being replaced by Vice President Kamala Harris.
US president Joe Biden is hoping to raise $1 billion for his 2024 presidential campaign, per FT.
— unusual_whales (@unusual_whales) July 20, 2023
California Gov. Gavin Newsom is even rumored to be a potential replacement for Biden.
At this point, it’s anyone’s guess who will end up squaring off against each other on the Democratic and Republican sides of the presidential aisle in 2024. For now, it appears that Biden will be the Democrat Party’s guy.This article appeared in TheDailyBeat and has been published here with permission.