Trying to run for president is no cheap undertaking. It requires massive amounts of capital that candidates typically have acquire through fundraising. Which may just be Joe Biden’s undoing.
People close to the former vice president indicate that should Biden run, he’ll be at a disadvantage against those who have already received substantial amounts of small donations from liberals.
But Biden isn’t a fan of political fundraising. Since he hasn’t officially declared to run he doesn’t have any current campaign operations under way. This would put him the high pressure position of trying to raise millions of dollars from individual donors for what many believe will be the most expensive election in U.S. history.
Political adviser to former President Barack Obama, David Axelrod admits that while Biden “obviously has a lot of friends among the Democratic donor community,” he’s not suited for the modern race. “Fundraising today is turbo-charged by social media. He’s not of the social media generation,” Axelrod said.
The more Biden deliberates on actually running the more he’s letting millions of dollars slip through his fingers.
Which honestly suits conservatives just fine.