Biden backers express 'depression' after Trump's massive fundraising haul: report

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Donors to President Biden’s re-election campaign are feeling the heat after former President Trump’s recent fundraising hauls erased what was seemingly an insurmountable cash gap.

"There was the strategy of raising all this money on the front end so we could have this huge edge," a major Biden donor, who wanted to remain anonymous, told Politico in a report Sunday. "The whole point of it was to come out with a sizable cash advantage and, you know, we’re now even and it’s June.… I have no other word for it other than ‘depression’ among Biden supporters."

The comments come after Trump was the beneficiary of a wave of donations, outraising Biden and the Democratic National Committee in back-to-back months and essentially erasing what was once a massive cash-on-hand advantage for Biden.

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Another major Biden donor, who was also granted anonymity by Politico, described the new fundraising developments as "disappointing, but not surprising."

Trump’s massive fundraising hauls come after he clinched the GOP nomination in early March, recording another major surge after being convicted on 34 felony counts in New York in May.

Trump’s haul also comes as Make America Great Again (MAGA) Inc., a top super PAC backing the former president, received a massive $50 million donation from conservative banker Timothy