Bernie Sanders is running for president.
Some Democrats think he could be their best candidate to take on Donald Trump.
But Sanders just got the really bad news that he was terrified to hear.
In 2016, Bernie Sanders was the grassroots candidate for the socialists, communists, and left-wing radicals that made up the Democrat Party base.
He fought Hillary Clinton all the way to the convention and raked in $228 million; the vast majority of which came in small donations from online giving.
In the first quarter of the 2020 campaign, Sanders raised $18 million dollars.
That is down 50 percent from the 27 million his 2016 campaign brought in during the first fundraising period.
Sanders’ campaign put on their best spin for reporters.
Sen. Bernie Sanders (I-VT) raised $18.2 million in the first 41 days of his campaign, according to campaign manager Faiz Shakir.
In comparison, fellow contender Sen. Kamala Harris (D-CA) raised $12 million.
Shakir told reporters on a conference call Tuesday morning that Sanders had $28 million cash-on-hand, thanks to funds already in the campaign’s accounts from previous efforts. He also noted that there had been 900,000 individual donations, with the average donation at $20 — down from $27 in the 2016 presidential primary. And 88% of the money raised came from donations of $200 or less, Shakir said.
This total shows Sanders will not own the grassroots online fundraising like he did in 2016.
Beto O’Rourke, Kamala Harris and South Bend Mayor Pete Buttigieg will give him a run for his money.
Sanders may well be the Democrat nominee.
But these fundraising totals demonstrate that multiple candidates are eating into his base.
We will keep you up to date on any new developments in this ongoing story.