Fact Check on Mitch’s Mediocre Fundraising
Last week, U.S. Senate Majority Leader Mitch McConnell rushed to cover up his disappointing fundraising by leaking to Politico that he raised $3 million in his 2nd Quarter fundraising report. His reports show a much different story.
Fact #1: Mitch only raised $2.4 million in 3 months, less than he announced.
It took more than $600,000 in transfers from joint fundraising accounts for McConnell’s team to come up with that $3 million figure. This brings the total transfer amount to $1 million this cycle, meaning Mitch is taking money from his various PACs — intended to save the Senate majority — in order to stay in the game for Kentucky. When compared to Amy McGrath’s raise of $2.5 million in a single day, this is not a good sign for McConnell in 2020.
Fact #2: Kentuckians aren’t lining up to donate to Mitch.
Of the $2.4 million Mitch raised in Q2, only $187,134 came from Kentuckians. That’s 7.7 percent of donations, not a great showing for America’s most unpopular senator. In fact, Team Mitch had to list multiple donations, some as low as $3, from the same people just to hit that 7.7 percent.
Fact #3: Mitch is burning through cash — 5 times more spent in Q2 than Q1.
One of the “infamous” McConnell sayings is that it’s never too soon to start a campaign. Despite having a 15-month head start for his 2020 re-election, Mitch is rapidly burning through his campaign cash. After spending roughly $160,000 in Q1, that jumped to nearly $800,000 in Q2, a huge burn rate for a contest that is a year and a half away.