Trump Campaign Has Huge Influx of Donations After Pelosi's Impeachment Announcement

If you need more evidence that impeachment is bad news for the Democrats, look no further than Trump's fundraising numbers. After Nancy Pelosi announced a formal impeachment inquiry of President Trump, his campaign raised a million dollars in just three hours. Over 24 hours, the campaign raised $5 million, according to Trump campaign manager Brad Parscale.

On Tuesday evening, Nancy Pelosi announced a formal impeachment investigation over Trump's phone call with Ukrainian President Volodymyr Zelensky where Democrats believed there was an illegal quid pro quo. The transcript of the phone call revealed there was no quid pro quo, no threat of withholding aid, and the DOJ, which investigated the call in August, determined there was nothing illegal in the call.

Yahoo Finance reports that "Trump has had incredible fundraising success, currently holding $56.7 million cash on hand, according to the latest FEC filings. So far, the president has raised more than $120 million for the 2020 election, crushing Democratic candidates in fundraising totals. Democratic presidential candidate Senator Bernie Sanders, who has achieved the most fundraising success, has pulled in roughly $46.5 million so far."

The New York Times reports that Democrats are also having success fundraising off the impeachment calls:

The online ticker for ActBlue, the company that processes most online Democratic donations, showed that Tuesday was one of the bigger fund-raising days in recent months that was not linked to a Democratic debate or a monthly deadline. The site showed $4.6 million in donations on Tuesday, after $4.2 million on Monday.

All the 2020 Democrat candidates, and most House and Senate candidates use ActBlue—so, by any measure, Trump did a lot better.