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“2024 Long Shots Hang in the Balance: Latest Fundraising Report Could Spell Doom

The latest fundraising report from the Republican National Committee (RNC) could have huge implications for the 2024 presidential election. In the report, the RNC reveals that several potential long-shot candidates for the GOP nomination have little to no money in their campaign coffers. The report specifically highlights the GOP candidates who are currently considered dark horse contenders in the race for the Republican nomination. These contenders include former U.S. ambassador to the United Nations Nikki Haley, former South Carolina governor Mark Sanford and former Starbucks CEO Howard Schultz. All three of these potential candidates have failed to make any significant fundraising efforts to date. The fact that these long-shot contenders have essentially failed to make a dent in the fundraising arms race is a bad sign for their nomination chances. Fundraising and campaign resources are often key ingredients for candidates seeking to win the nomination. Without the necessary resources to launch a successful campaign, it is highly unlikely that any of these three potential White House hopefuls will be able to break out from the pack and secure the GOP nomination. This means that the GOP field will likely be composed of more established candidates who have stocks in the traditional fundraising stables. Candidates like former Vice President Mike Pence, Arkansas Senator Tom Cotton, and Florida Senator Marco Rubio are all expected to enter the race with the support of some of the wealthiest Republican donors. With the current RNC report painting a picture of unlikely success for long-shots, these more established candidates look even more likely to excel in the nomination process. The report also signals a potential opportunity for Democratic hopefuls looking to compete in the general election against the GOP nominee. The fact that key Republican contenders have not pulled their weight in the fundraising race could give Democratic contenders a better shot at taking the White House come 2024. Ultimately, the RNC tells a relatively straightforward story: the Republican field for the 2024 presidential election race is likely to produce a well-funded candidate with broad support from within the party. While this may not be a death knell to the long-shot candidates, it does call into question their viability in the upcoming election. With the GOP nomination all but set, all eyes will now turn to the Democratic field, which could still produce an unlikely surprise.