Fresh Air cover image

Fresh Air

Election 2024: Where Does The Money Come From?

Jun 27, 2024
Shane Goldmacher, a National political correspondent for The New York Times, discusses the rising tide of campaign finance in the 2024 presidential race, highlighting Trump's lead with wealthy backers amid his legal troubles. He provides insights into the contrasting debate preparation styles of Trump and Biden, focusing on new debate rules designed to promote civility. Also joining is Ken Tucker, who dives into the legacy of Steely Dan's 'Pretzel Logic' on its 50th anniversary, exploring its groundbreaking blend of rock and jazz.
45:39

Podcast summary created with Snipd AI

Quick takeaways

  • President Biden strategically amassed campaign funds early as an incumbent, while Trump relies heavily on wealthy independent mega-donors for financial backing.
  • Trump's legal battles post-2020 election led to financial complexities, with donations being redirected to cover mounting legal expenses, showcasing intricate fund management strategies.

Deep dives

Presidential Campaign Fundraising Strategies and Trends

Presidential campaigns have seen a shift in fundraising dynamics, with President Biden utilizing early advantages as an incumbent to amass significant financial support. By launching his re-election campaign early and strategically stashing funds, Biden acquired a substantial financial edge over his opponent, Donald Trump. The financial implications are extensive, with Biden's wealthy supporters, like Mike Bloomberg, contributing generously to his campaign. In contrast, Trump's funding sources, such as Miriam Adelson and Timothy Mellon, signal a strong financial backing for his campaign.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode