President Trump raises almost $25 million in 24 hours after announcing his candidacy for 2020.

President Trump at his announcement rally in Florida. Politico/Getty.

President Trump raised almost $25 million in 24 hours after announcing his candidacy for 2020. Politico. RNC Chairwoman Ronna McDaniel said that Trump had raised $24.8 million after his announcement rally in Florida. This is much more than Democratic front runner Joe Biden raised after his announcement. Biden was only able to raise $6.3 million in the 24 hours after he announced.  Trump also blew out other 2020 candidates including Robert Francis "Beto" O'Rourke ($6.1 million), Bernie Sanders ($5.9 million) and Kamala Harris ($1.5 million). 

THANK YOU! #Trump2020🇺🇸 https://t.co/recnmmYAFN

— Donald J. Trump (@realDonaldTrump) June 19, 2019

My Comment:
Quite a haul for the President. $25 million is not chump change and the Republicans have already raised millions of dollars for their 2020 warchest. This is a pretty big advantage for the President and might help him win in 2020.

Indeed, President Trump is already spending his money. I have seen ads for him on various internet sites, including this blog. I have yet to see any advertisements for Democrats at all. Though the impact of advertisement this early probably has little effect, it's not nothing.

Part of the reason for Trump's big haul is because he has no competition. There isn't going to be a credible primary challenger for the 2020 race in the Republican Party, so anyone who want to donate money has to donate to him. Compare that to the Democrats clown car where there are more than 20 candidates to spread the wealth.

That being said, it seems likely that Trump has out-raised all of the Democrats combined. He has a ton of enthusiasm from his base. He got a great reception at his announcement in Florida and his approval rate among Republicans is sky high. People were waiting for his rally for hours in the rain and he had thousands of people show up. Compare that to the dozens or hundreds that the Democrats are bringing in, I think there is a real enthusiasm gap.

However, it's really early yet. A lot can happen between now and 2020. With the Democratic Party in chaos it could stay that way or they could eventually shake things out. And a lot could happen with President Trump that could erode his support.

But I think that barring some kind of disaster Trump has huge advantage. His supporters love him and he had a big money advantage right now. He also has the natural advantage of incumbency and has at least tried to deliver on his campaign promises. Finally, the economy is still firing on all cylinders and people aren't likely to want to change presidents when he is doing a good job. My guess is that next year America will choose to have four more years of President Trump.