Republicans to enter election year with seven times as much cash as Democrats

During the 2016 presidential race, Donald Trump was outspent by a significant margin. It doesn’t look like history is going to repeat itself.

In a huge victory for Trump’s re-election prospects, Bloomberg has reported that FEC records show the Republican National Committee (RNC) now has a total of $63 million in cash on hand. According to Axios, that’s more than seven times the amount held by its Democratic counterpart.

Impeachment pays off — for the GOP

Almost one-third of that war chest was raised during the month of November. The RNC’s attributed that fundraising boom to impeachment efforts and the president’s economic policies.

“Democrats’ baseless impeachment charade has only served to bolster our base and attract more voters to our cause and the result is another record-breaking fundraising month,” RNC Chairwoman Ronna McDaniel said during an interview with Fox News.

“President Trump’s policies made historic progress this month as well,” McDaniel continued, “with USMCA clearing another legislative hurdle, paid-family leave secured for federal employees, and 266,000 jobs added to the economy — all while Nancy Pelosi’s impeachment sham droned on.”

That came after another big fundraising spike in September, when $15 million dollars was collected in the 72 hours following House Speaker Nancy Pelosi’s decision to pursue impeachment.

Donald Trump, Jr. celebrated the news, tweeting that the results were “unbelievable numbers” while claiming that Democrats were “handing” his father a victory the following year.

Trump campaign manager Brad Parscale was jubilant as well, congratulating Republicans for having “blown out fundraising” and declaring a “huge groundswell of support leading to a Trump landslide in 2020.”

Encouraging polls

However, fundraising isn’t the only area where Republicans have been getting good news.

An IBD/TIPP poll from last week showed Trump ahead of every Democratic candidate except for former Vice President Joe Biden. The results were particularly bad for Sen. Elizabeth Warren (D-MA).

“Warren’s fall is notable, given her highly visible positions supporting open borders and a “Medicare for All” health care system that even garnered criticism even from the left for its large price tag. Bernie Sanders, who advocates many of the same policies as Warren, may benefit from the fact that he ran in 2016 against Hillary Clinton, losing the primary popular vote by 55% to 43%, and is thus more of a known quantity.”

In 2016, IBD/TIPP’s forecast was among the most accurate of all major polling firms.

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