• Only a day after NYC Mayor Bill de Blasio ended his 2020 campaign, Sen. Cory Booker’s campaign released an urgent memo stating that if his fundraising doesn’t beef up, Booker will have to drop his campaign.
  • Booker’s campaign manager, Addisu Demissie, “warned that after weaker-than-expected fundraising in the early part of September, the campaign needs to rake in another $1.7 million before the last day of the financial quarter on Sept. 30.”
  • Demissie wrote to staff members and supporters: “Without a fundraising surge to close out this quarter, we do not see a legitimate long-term path forward. The next 10 days will determine whether Cory Booker can stay in this race.”
  • At one point, Booker was at the top of the Democratic heap as “one of the first candidates to build a substantial operation in critical early states, and his ground game in Iowa has been praised by local activists.”
  • However, maintaining the large headcount has become expensive and his fundraising hasn’t kept pace.
  • Demissie warned that “the campaign has enough money to keep going at its current pace if it wanted to, but not enough to expand operations before voting starts early next year and that Booker doesn’t want stay in the race if he doesn’t think he can win.”
  • Demissie wrote: “If our campaign is not in a financial position to grow, he’s not going to continue to consume resources and attention that can be used to focus on beating Donald Trump, which needs to be everyone’s first priority.”
  • According to Real Clear Politics, “Booker’s campaign has struggled nationally. He averages at just under 3 percent support in the polls.”
  • Massie wrote: “I want to be clear: This isn’t an end-of-quarter stunt or another one of those memos from a campaign trying to spin the press. This is a real, unvarnished look under the hood of our operation at a level of transparency unprecedented in modern presidential campaigns.”
  • On Saturday, Booker said at the Polk County Steak Fry in Iowa: “The fourth quarter’s when you gotta grow. Grow or get out and we are not in this for an ego exercise, this is not a vanity play. I’m in this to win the nomination and beat Donald Trump.”
  • Booker added: “And so if you believe in my campaign, if you believe in my voice being on this stage, this is a determining moment for us, we either are going to reach a 1.7 million dollars to stay in this race or we’re gonna have to make really tough decisions at the end of this quarter.”

Reference Links

  • Fox Business: Booker may be first of many Dems to follow De Blasio out of 2020 race READ
  • NBC: Next one out? Booker memo warns he may not be in 2020 race ‘much longer’ READ
  • CBS: Booker warns lack of fundraising could end his 2020 campaign READ
  • Politico: Booker campaign warns end is near without fundraising surge READ

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