'Doomsday scenario': Cash shortage squeezes huge Dem field

[brooklynite]

Politico

Months of bleak polling couldn’t stop the parade of lower-level Democrats crowding into the presidential primary.

But bankruptcy might.

Eleven Democratic presidential candidates — nearly half of the sprawling field — spent more campaign cash than they raised in the second quarter of the year, according to new financial disclosures filed Monday. Eight contenders active in the spring limped forward with less than $1 million in cash on hand, and several top-tier contenders were already spending multiples of what their lower-profile competitors raised.

The financial squeeze is set to drastically shrink the lineup of Democratic contenders in the coming months, barring major shifts in momentum, as candidates grapple with the doldrums of summer fundraising and the high costs of staffing national campaigns and building donor lists big enough to qualify for future Democratic National Committee debates. The numbers also reveal the tremendous pressure on lesser-known candidates to make a splash in the debates at the end of this month — potentially the last chance some will have to attract a burst of support as their expenses pile up.

[rampartc]

1. fund raising is one of the tests these primary elections present

if you can't pay the bills you got to turn out the lights.

[zipplewrath]

2. The boutique campaign

I fear boutique campaigns. These are low budget affairs in which the candidate and a VERY small staff run around attending various public events, getting on political talk shows, and generally looking as much like a book tour as a campaign. They'll whine about not being on stage at the debates. They'll be desperate for attention and do almost anything to get it. Admittedly they usually can't last past South Carolina, but they can cause a bunch of mischief until then.

[JI7]

4. especially wish social media some social media youtuber instagramer influencer or other shit can get

their followers to contribute to get on these things which in turn they will use to promote themselves and their social media.

i see people like andrew yang and marianne williamson as something similar to this.

[Gothmog]

3. The field needs to narrow

[msongs]

5. millionaires like bernie, harris, and warren will stick around longer. pete is not a millionaire yet

and seems to attract cash. millionaire beto is struggling despite his wealth

[Go Vols]

6. Trot out 20

that parrot Bernie,and the last original "New Democrat".

Yep,money gets thin quick.