A few thoughts about Dem fundraising:
1. Bernie's fundraising numbers have clearly crossed into "very impressive" territory, especially with the small-donor focus. It's the single best reason to be optimistic about his chances.
1. Bernie's fundraising numbers have clearly crossed into "very impressive" territory, especially with the small-donor focus. It's the single best reason to be optimistic about his chances.
2. As mentioned recently, I've changed a bit (after doing a ton of research for our primary model) on my view of the overall predictive power of fundraising in the primaries. While polls are *by far* the most predictive indicator, $ is probably as important as e.g. endorsements.
3. All that said, the 4Q numbers we've seen so far seem broadly in line with reasonable expectations given what else we knew about the race, e.g. that Bernie gained in the polls while Warren lost quite a bit of ground. The exception I think is Yang? (I was not expecting $16.5m.)
