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Biden campaign fundraises $27 million after first debate - CNBC

Another story says Biden raised $33 million since the debate. When I first saw this kind of reporting I assumed it was some form of money laundering and we'd find out later how it works. Or maybe it's money to strengthen the vote fraud effort.

I searched to find what happens to the $220+ million dollars the potato raised at this point (see below). It seems most likely that the money will go to the DNC which can use it to fund their own candidate - well that's how I'm reading the info I found. I've read the Biden campaign will keep the money - uhmm...that would be a new process not yet documented. It kind of seems like a small private war over who gets to put the next puppet in place.

In the News/Activism forum, on a thread titled Team Biden Threatens to Keep Cash if He’s Replaced, ransomnote wrote:

What Happens To Biden—Or Trump’s—Campaign Cash If They Drop Out?

Forbes

Sara Dorn
May 1, 2024

Excerpt - more at link
~~~~~~~~

If a presidential candidate dropped out of the race, they would first need to repay all of their campaign vendors, and if the campaign ended before their parties’ respective conventions, where they officially select a nominee, they would have to refund all contributions designated to be used in the general election, elections lawyer Brett Kappel told Forbes.

After that, Biden or Trump could try to use any leftover money to support their party’s new candidate—but campaign finance laws only allow them to transfer $2,000 directly to another federal campaign, so the vast majority of their eight-figure war chests would need to be given to other groups like political parties or PACs, a complicated process.

The funds could seamlessly be transferred, without limits, to national, state or local party committees, such as the Democratic or Republican National Committees, which could use the money to support a replacement nominee or other Democratic candidates in federal down-ballot races—a scenario that would make the party largely responsible for funding a candidate’s presidential run, representing a break from most modern campaigns.


2,844 posted on 06/30/2024 5:22:45 PM PDT by ransomnote (IN GOD WE TRUST)
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To: ransomnote

ThanQ for researching that.


2,940 posted on 07/01/2024 6:12:39 AM PDT by Bigg Red (Trump will be sworn in under a shower of confetti made from the tattered remains of the Rat Party.)
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