Biden committees raise nearly $100 million in second quarter as big-money donors get off sidelines
"The big-money donors are capitalists. For a minute Bernie was close to locking it up but then came South Carolina. They were petrified of Trump and horrified by Bernie. Now they actually have a choice, before they didn't," Florida businessman and Biden bundler John Morgan told CNBC.
Biden Victory, according to the latest Federal Election Commission filings, raised close to $86 million, while Biden Action brought in around $11 million in the second quarter. The two committees combined have more than $90 million on hand going into the third quarter. Ken Frazier, the Merck CEO who was once on Trump's business advisory council, gave $50,000 to Biden Victory in May. Frazier resigned fromAmerican Advisory Council three years ago in protest of the president's response to demonstrations in Charlottesville, Virginia.
Many of Biden's bundlers told CNBC that the renewed effort by these business leaders is linked to the fact that Sen. Bernie Sanders and "The big-money donors are capitalists. For a minute Bernie was close to locking it up, but then came South Carolina. They were petrified of Trump and horrified by Bernie. Now they actually have a choice, before they didn't," Florida businessman and Biden bundler John Morgan told CNBC.
A senior Biden fundraiser on Wall Street, who declined to be named as this person wanted to keep the remarks private, said that even Democratic business leaders that have seen their companies flourish under Trump say that they're fed up with the president's handling of the pandemic and other national crises, leading to their industries taking a financial hit.
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