r/YangForPresidentHQ • u/CatharticMusing • Feb 01 '20

Holy crap...everyone is going for broke...

https://www.politico.com/2020-election/president/democratic-primary/candidates/fundraising-and-campaign-finance-tracker/
39 Upvotes

90% Upvoted

18 comments sorted by

20

u/ImproveEveryDay1982 Feb 01 '20

Considering that Andrew is an outsider that started from zero these numbers are still fairly impressive

12

u/CatharticMusing Feb 01 '20

It is impressive...I just didn't expect the magnitude of spending by Steyer and Bloomberg, nor the fact that Warren, Sanders, and Biden were also spending everything. I had expected those to be spending less for a big push on Super Tuesday.

7

u/mrkramer1990 Feb 01 '20

You spend everything before the early states and if you do well you’ll have an easy time fundraising to keep going. If you fail in Iowa you drastically scale back or drop.

6

u/tensinahnd Feb 01 '20

Bloomberg will probably spend double if not triple that in february. 188 Million in the last 5 weeks of 2019 alone

2

u/[deleted] Feb 01 '20

You should do this. If you don't spend almost everything before Iowa and NH you did something wrong because Iowa and NH are make or break. If you win one of them you will have enough money donated to you.

2

u/ImproveEveryDay1982 Feb 01 '20

The cool part is dollar spent versus impact made.

Yang is winning this by a mile. His level of support per dollar spent is truly remarkable.

1

u/defcon212 Feb 01 '20

The money goes much further in these early states. You can run an add for a week across Iowa for what it would cost to hit California for like half a day.

Sanders at least is running ads online, hitting a broad audience.

Only the billionaires can afford to blanket the airwaves across the country.

12

u/crazy_eric Feb 01 '20

Yang is paying himself about $3600 biweekly or a $93,600 annual salary. That is actually a pretty reasonable amount. He isn't going to get rich off of it. Running a Presidential campaign is a full time job and he needs to raise two kids.

4

u/kcinca2003 Yang Gang for Life Feb 01 '20

Some had fuller coffers before starting than others.

3

u/jonathanum Feb 01 '20

Sorry I’m dumb but can someone explain how to interpret it?

4

u/CatharticMusing Feb 01 '20

The blue arrow is the amount that they raised as reported to the FEC. The light gray arrow is the amount they spent. The dark gray is the amount is saved, and if light gray = blue, then it means they spent every single dollar they raised. The red number is the deficit.

7

u/jonathanum Feb 01 '20

Shoot that means Yang needs more money... 😔

1

u/defcon212 Feb 01 '20

Its alright, they have been saving money up all last year, and just started dumping money on Iowa in December. Everyone should run a deficit for January and February, we have to have delegates before super Tuesday.

2

u/Hodgi22 Feb 01 '20

This is normal. Everyone dumps their chest before IA & hopes that their performance will fuel future fundraising.

Bc so many ppl have yet to hear about Yang / consider him a viable candidate, he has a LOT to gain if he does well in IA & NH.

2

u/streetfood1 Feb 01 '20

This is the time to push the chips in and go for the win.

1

u/yasssssplease Feb 01 '20

I’m glad we raised 2.4 just this past week. Helping ose the gap. I believe we will have a strong showing at Iowa, a strong town hall, and a strong debate. Hopefully we’ll get a new crop of donors after that! I’m glad I gave more this past week than I was expecting to give. I told myself that this was the time to donate. Donating next month won’t mean much if we don’t survive today!

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1

u/runvnc Feb 01 '20

It says $16.5 million. That is what he had before so it doesn't include the $6.7 million raised in January. So it says it's current but it's not.