Republicans Outsmarting Democrats to Lure Political Donors for 2022
Republicans who faced the wrath of political donors after the January 6 episode of the Capitol Hill attack are regaining their ground by amassing record-breaking donations.
The donations to the GOP rebounded for several reasons, on top of which is the Democrats' declining popularity and potential red wave in the 2022 midterm elections.
Political Donors Want to Settle Their Terms with Republicans Before It's Too Late
Most of the polls are suggesting that the GOP is likely to come on top in the midterms, likely getting back the control of both the House and the Senate.
Many polls predict that the voters are done with Democrats in-fighting; thus, this wave is imminent, so political donors are settling their terms with the party that can control the legislature for a whole two-year term at least.
Secondly, the Capitol Hill episode itself bifurcated the general public in America, with those who believed Trump's voter fraud narrative stepping up to help Republicans cover up the losses they faced by losing their corporate donors.
Thus for Republicans, while they lost big checks immediately, it helped them in winning strong grassroots support that helped them in raking in the funds.
Now, the party which had one major source of political donations ended up winning an additional source, which helped them in outclassing Democrats in the donation race.
Voters Moved Beyond January 6, so Did the Donors
Right after many lawmakers stopped Biden's certification of the 2020 elections, corporate donors thought that these lawmakers might face voters' wrath in the next elections.
However, most people in the sedition caucus are not being found as seditious by voters, despite their attempts of not certifying for Biden.
Thus for donors, it is a sign of relief that they are not supporting people with no public support, helping them by reinstating their donations to them.
Some donors believe that both the parties spun the Capitol Hill riots as per their own narrative, and most ideological voters of the party do not put the blame of the event on the politicians of their own choice.
Although Trump's approval ratings declined right after the event, bringing it to one of the lowest in history for the outgoing president, he managed to come into the good books of the Republican voters once again as the issues faded away.
Nonetheless, donors evince that as voters have moved away from the January 6 riots, so they had no choice other than bandwagoning Republican candidates.
But while some donors stopped donating money to those who sided with Trump, some others stopped supporting those who denounced Trump's voter fraud claims, considering that the former president was the mouthpiece of the Republican party and many donors believed that those denying Trump's claims would not be treated well by voters.
For instance, some donors changed their policy when House Minority leader Kevin McCarthy, who voted against certifying election results, criticized Donald Trump for attacking Capitol Hill. Comcast and Valero Energy were two such names who changed their policies to bring Republicans back to Trump's narrative of voter fraud.
But for Republicans, Donald Trump was not the centerpiece for winning the donations. More companies started denouncing Republican states for passing election reforms law, labeling them as an instrument to suppress the freedom of vote.
Not only this, but many of them started embracing the woke agenda and stopped donations to those who denounced these sorts of thoughts.
While Democrats have often championed the voting freedom laws and promoted the woke agenda, they are still failing to impress as many political donors as Republicans did.
But political donors are looking beyond the 2022 elections now.
With Donald Trump's potential 2024 presidential run, he has already started collecting money through tactics that Democrats have yet to apply, hence helping the GOP in raking in the unmatchable amounts of donations.