What Does Warren’s Money Slump Mean for 2020? – By Eric Lutz (Vanity Fair) / Jan 3 2020
While rivals like Bernie Sanders posted Q4 gains, Elizabeth Warren’s fundraising fell more than $3 million.
While her competitors surged, Elizabeth Warren’s fundraising dipped in the final quarter of 2019, bringing in $21.2 million in donations to end the year. That’s more than the $20 million goal her campaign set last month when it alerted supporters to her lagging numbers, but still underscores a disappointing fall for the Massachusetts progressive who at one point seemed to be emerging as the Democratic pacesetter.
Warren’s fourth-quarter total, which her campaign announced Friday morning, represented a $3.4 million dip from the the previous quarter. In contrast, Bernie Sanders, the race’s other leading progressive, fared especially well in Q4, collecting a massive $34.5 million between October and December. Sanders’s haul reflected his increasing momentum as he rises in polls and attracts attention from the party establishment. Warren’s more modest quarter corresponds with a rough stretch in her campaign that’s seen her sparring with rivals like Pete Buttigieg, who raised $24.7 million in Q4, and slipping in polls as she parries questions about how her health care plan would be funded.
That could be worrying for the Warren campaign, less than a month away from the Iowa caucus. Buttigieg, who leads Sanders in Hawkeye State polls by a small margin, saw his fundraising jump by more than $5 million. Frontrunner Joe Biden, who had struggled with his fundraising throughout the race, enjoyed his biggest quarter to date, raking in $22.7 million. And while Warren, who raised $71 million overall in 2019, still has deeper pockets than candidates outside the top tier, both Amy Klobuchar and Andrew Yang have gained ground. The Minnesota senator, who has picked up momentum following December’s Democratic debate, had her strongest quarter yet with $11.4 million. Yang, the entrepreneur whose fringe campaign has steadily gained steam, brought in $16.5 million—up from $10.5 million the quarter before.
Still, the candidate dismissed concerns about her fundraising, telling reporters that she remains the best candidate to defeat Donald Trump—who brought in $46 million in Q4—in November. “I know how to fight,” she said, per NBC Boston, “and I know how to win.”
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