Vice President Joe Biden held a fundraiser on Monday evening at the Georgetown townhouse of Sen. John Kerry, during which he ominously warned donors that Republican super PACs would spend from $200 million to $800 million during the election.
"We’re not going to be able to compete in terms of the super PAC money," Biden said, according to the press pool report from the fundraiser. "The truth of the matter is we can’t match it."
The range offered by Biden was a bit broad and, likely, inflated. So far in this primary, all super PACs combined have spent $73.6 million. That total will undoubtedly jump in the general election (and will be spread among congressional races as well). But it's worth noting that the vice president was, likely, trying to raise alarm. His audience included 87 guests, each paying a minimum of $10,000 to attend.
The vice president went on to predict that old-fashioned fundraising would end up trumping super PAC money. And he stressed that it would be the president -- and the story he had to tell -- who would prove the Democratic trump card.
From the pool report:
In introducing Biden, Kerry quoted the vice president summing up the complexities of President Obama’s first term: “Osama bin Laden is dead. General Motors is alive.”
"This guy's the real deal," Biden said of the president. "He may say it differently than some of you are used to hearing, but this guy's the real deal… and his policies are working."
Biden said he's come to not only respect the president but also become his friend. "This guy's got a backbone like a ramrod," he said, referring to Obama's decision to kill Osama bin Laden. "He said, 'Go,' knowing his presidency was on the line. Had he failed in that audacious mission, he would’ve been a one-term president."