The top tier of the Democratic presidential primary is now reshaped around five candidates. The latest fundraising numbers prove it.
Joe Biden, Pete Buttigieg, Kamala Harris, Bernie Sanders and Elizabeth Warren have raised about $100 million in the past three months combined. Together, they share a large majority of public support.
They were already spending millions of dollars more than many lower-polling contenders have even raised. Now, in a powerful compounding effect for their campaigns, these top tier candidates are poised to plow that new money back into their field and digital operations — further reinforcing their fundraising and organizing advantages in the 23-candidate field.
It’s too early to be an inflection point, but late enough that the rest of the field needs to start worrying.
“The front-runners are pulling away, absent a blunder,” said Bob Mulholland, a Democratic National Committee member from California. “It’s like any season as you get closer, some teams are headed to the World Series or the Super Bowl. … The difference between winning and losing is pretty severe.”