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FX.co ★ Size of election fund ≠ popularity

Size of election fund ≠ popularity

Size of election fund ≠ popularity

Incumbent US President Joe Biden has already raised more than $90 million for the presidential race. Donald Trump lags behind his rival and managed to collect $66 million. Despite the modest fund for the presidential campaign, the Republican candidate has been winning favor among voters in several states and even in tiny American Samoa. Moreover, some political analysts recognize him as a frontrunner in the presidential race in 2024.

Interestingly, Democrat Joe Biden lacks this popularity despite the support from former Presidents and his party fellows. At the latest rally in New York with the participation of Barack Obama and Bill Clinton, Joe Biden managed to win over voters who allocated $26 million.

Malek Dudakov, a political scientist and expert in US domestic policy, also says that the size of an election fund does not always correlate with public sentiment. Joe Biden is losing popularity and going down in the ranks of opinion polls.

Remarkably, Donald Trump is the first former US president who faced federal criminal charges and underwent impeachment twice. Besides, he still claims that he won the 2020 election.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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