The biggest unknown in the 2020 Presidential Election is Barack Obama.
Democrats are waiting for the former President to make his intentions known.
That finally happened and Barack Obama turned the 2020 race upside down with this decision.
In many cases, donors picking candidates is a proxy for endorsements.
If a former President’s donors all flock to one entrant into the race that is a good sign that is who the former President wishes to emerge victorious.
In the 2020 race, former Vice President Joe Biden was expected to be the establishment favorite.
Biden loyally served as Barack Obama’s number two for eight years and expected to reap the rewards when it was his turn to grab the brass ring.
Things did not play out as Biden hoped.
First, former President Obama failed to endorse Biden upon Biden entering the race.
Biden sought to cover that slight by claiming he asked Obama not to endorse him so Biden could win the nomination on his own merits.
But no one believed that explanation.
If Obama endorsed Biden, the race would have been over that very second so there is no chance Biden actually requested Obama not endorse him.
Biden could have recovered from that slight had he posted eye-popping fundraising numbers.
However, that did not materialize either.
Despite being the most high-profile candidate in the field, Biden raised less money in the second quarter than homosexual South Bend Mayor Pete Buttigieg.
Biden’s fundraising haul largely comes from big money donors.
These are the well-heeled fat cats on Wall Street and Hollywood that powered Barack Obama’s two successful Presidential campaigns.
And everyone assumed they would race to give money to Biden to show a united front behind the candidate everyone claimed was the best chance to defeat President Trump.
That notion also collapsed.
Former President Obama’s big money donors are split among three candidates – Biden, Buttigieg and California Senator Kamala Harris.
Politico spoke to a group of big money donors to figure out why the titans of cash were not coalescing around Biden.
Politico exclusively reports:
In 2016 and 2018, candidates like Sanders and Beto O’Rourke raised huge sums of cash and generated enthusiasm online, a strategy Warren is now trying to seize by eschewing big-money events and raising money exclusively from small-dollar donors. But not every politician can catch fire with the party’s grassroots.
“Biden has yet to prove that he can muster the kind of new donor and energy that has been fueling the Democratic Party since 2015,” said one Democratic operative who was involved in the 2016 elections. “A coronation by bundlers shouldn’t give anyone a lot of confidence in any of these candidates.”
Biden’s hopes for an early knockout blow were dashed by these fundraising numbers as well as his disastrous performance in the first Democrat Presidential debate.
It’s not just his fellow contenders who sense weakness.
The party kingmakers that can make or break a candidate with their financial support – or lack thereof – also see a wounded candidate.
Conservative Revival will keep you up to date on any new developments in the 2020 Presidential Election.