By reversing course and dropping his opposition to super PACs, Joe Biden has all but admitted he’s getting swamped in fundraising.
But it was a strategic retreat that could end up paying big dividends for his cash-starved campaign.
Calls to a half-dozen maxed-out Biden donors Friday revealed that they would gladly dig deeper for the former vice president and contribute to a super PAC that enables them — and corporations — to give and spend unlimited amounts of money.
“Joe Biden has not raised as much money as the others through his own campaign efforts. But you have to understand, that’s basically how it works. Bernie Sanders had, what, 20,000 people at an event in New York? Suppose each one of those people gave $100,” said Joe Cotchett, a major Bay Area bundler for Biden. “Does Joe have the ability to have 20,000 people at a rally right now? The answer is no. But hopefully for Joe, it will come.”