Biden raises $ 26 million in 24 hours after Harris announcement

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Joe Biden raised US $ 26 million within 24 hours of Kamala Harris being appointed vice-president in the US presidential election, doubling his previous one-day record and signaling Democrats’ enthusiasm after the selection of the first black woman for the presidential election of a major party. ticket.“It’s really palpable, the excitement,” Biden said Wednesday.

The campaign hopes the coup is the start of a prolific fundraising campaign down the home stretch before the election. Democrats are poised to match, if not surpass, the massive $ 300 million cash pool President Donald Trump and Republicans reported in July.

Harris is expected to play a key role in this effort. On Wednesday, she joined Biden in Delaware for their first fundraiser as roommates and spoke to grassroots donors about how her parents’ activism had inspired her interest in politics.

“It’s a campaign that really feeds my hope because it is about knowing that it is for something and not against something and that it is for the best that we are as a nation”, a Harris said. “It’s fighting for the best of who we can be. “

Planned online fundraisers

With large in-person events out of the question due to the pandemic, the campaign has an aggressive schedule of online fundraisers planned for Harris. It could play on one of his political strengths and compensate for an area where Biden has struggled at times.

Harris already has a strong donor network in his native California, a state that has long been referred to as the Democratic Party’s ATM. She can raise money on Wall Street. And Harris, who is also of Asian descent, has the potential to bring new money into the Democratic fold due to the historic nature of his candidacy.

“Having someone on the ticket whose mother is from South India is a dream come true,” said Swadesh Chatterjee, a North Carolina businessman who also raises funds for political candidates. “You will see more fundraising from the Native American community. ”

Lisa Hernandez Gioia, who was Deputy Director of Finance for Hillary Clinton’s 2016 Campaign, called Harris a “fundraising dream.”

“Donors are already impatient,” she said. “She adds the star power that will be like an afternoon espresso to the campaign fundraiser. ”

Before it was clear he would win the Democratic nomination, Biden was never a particularly successful fundraiser. As a longtime senator from Delaware, a small, solidly blue state, he never had to cultivate a national donor network. And party fundraisers have long grumbled that he didn’t have the same contact with donors he showed while working a rope.

Biden’s campaign was all but shattered by the time he won the South Carolina primary, which rekindled his outlook and propelled his path to the Democratic nomination. And while his securing the nomination led to a flood of campaign contributions, some believe Harris may get even higher totals.

Harris speaks at the first press conference with Biden. (Olivier Douliery / AFP / Getty Images)

Yet Harris, who dropped out of the Democratic primary last year, has had his own struggles with fundraising.

She launched her presidential bid in early 2019 and raised $ 15.5 million in mid-March, an impressive performance at an early stage in the race. But his campaign has hemorrhaged money. And while wowing well-heeled donors, she has struggled to develop a competitive base of grassroots contributors who pay small amounts online, a phenomenon that has fueled the fundraising success of rivals Bernie Sanders and Elizabeth. Warren.

Lots of money from individual donors

But there are also big differences between a primary and a general election, where deals made between the candidate and the party allow massive checks to be raised from individual donors.

There are already signs that Harris is having some success.

Act Blue, the left-wing online fundraising arm, reported cashing in nearly $ 11 million within hours of Harris’ announcement. And Biden associates later said the cash flow generated by Harris’ announcement broke the online fundraising platform’s all-time record for a campaign.

“The early withdrawal of the primary campaign was not a sign of a lack of fundraising capacity,” said Bakari Sellers, a CNN commentator and prominent Harris supporter from South Carolina. “Kamala will be fundraising and it will be money that otherwise wouldn’t be. ”

The relationships Harris is building now for fundraising will serve her well in the future. At 55, he has years left in his political career. This could give it a leg up on the competition in 2024 or later.

Steve Westly, a Silicon Valley venture capitalist who has known Harris for more than 20 years, said his dynamic presence served her well in the frozen world of political fundraising.

“She is lively, intelligent and lively. And it’s in a world of older, bland, cautious Caucasian men, ”Westly said. “She’s going to do very well. ”

Watch | Kamala Harris remains silent on Canadian ties:

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