Report: Biden Relying on Obama Donors to Give Early Boost 2020 Campaign | NTK Network Report: Biden Relying on Obama Donors to Give Early Boost 2020 Campaign

Report: Biden Relying on Obama Donors to Give Early Boost 2020 Campaign

Worried he might not be able to compete with the small-dollar networks of Sanders and O’Rourke, Biden is hitting up Obama donors to jump-start his 2020 effort.

By NTK Staff | 03.22.2019 @1:16pm
Report: Biden Relying on Obama Donors to Give Early Boost 2020 Campaign

Former Vice President Joe Biden is reportedly hitting up donors to President Obama’s successful presidential campaigns in an effort to jump-start his own presidential bid this cycle according to Politico.

Concerned that he may not have the grassroots network to replicate the small-dollar success of 2020 rivals Beto O’Rourke and Bernie Sanders, Biden is relying on “a crop of top-tier fundraisers ready to back his bid and other donors willing to cut personal checks.” It’s an old-school method that may not resonate with Democrat primary voters in 2020, but Biden allies view it as a necessary solution to their grassroots problem.

Indeed, Biden will be able to tap into a vast array of Obama loyalists who view Biden as “a friend and former coworker in the administration,” but not everyone is sold:

Other Obama donors interviewed by POLITICO described a conundrum that echoes their initial decision to throw in with Obama over his rivals in 2008: They feel loyal to Biden and hopeful about the potential of his campaign — but they are simultaneously drawn to the idea of backing a charismatic newcomer for president, like the relatively untested O’Rourke or Pete Buttigieg, who has recently sparked intrigue among several Obama fundraisers.

In fact, CNBC reported Thursday that several top Democratic donors have already told Biden and his team that they won’t be able to help out in the early stages of his campaign. Their reasoning? They’re skeptical that Biden can actually win the Democratic primary.

“I told him, ‘I can donate but I don’t think I can raise you money today.’ The sense we’re getting [from other donors] is yes, he’s a good guy and everybody knows him, but he has run for president a couple times and it didn’t always work out,” said a billionaire financier who spoke on the condition of anonymity. “I think with Biden there’s a feeling of ‘I like him, he’s a really good guy, but he’d be running at a moment in time that a 76-year-old white guy may not be what voters want.’ I don’t want to give chits today for Joe. What’s my benefit?”

Biden will need to quell that uneasiness if he’s going to tap into truly lucrative fundraising networks. His perch atop the primary polls is certainly helping his case, but donors want to see that he can maintain that position, which means they’ll be sitting on their hands for the time being.

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