Biden will 'bury Trump in ads' after SOTU triggers record fundraising haul

President Joe Biden's campaign raked in donations during his State of the Union address, and that opened up a comfortable advantage over his Republican rival.

The president's campaign raised $1 million on Thursday before the speech even began, and they reported record hauls while he delivered his widely praised address.

MSNBC's Jonathan Lemire said on Friday that would allow him to pummel Donald Trump with advertising.

"The Biden campaign let us let us know the 9:00 hour was the biggest fundraising hour of the campaign," said Lemire, who's also the White House bureau chief for Politico. "Amending it later saying, actually, the 10:00 p.m. [hour] was more, the best two hours of the entire campaign last night."

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Biden raised at least $42 million for his re-election campaign and the Democratic Party last month, campaign officials said, on top of the $56 million cash advantage he held at the end of January over Trump's $30.5 million, and the Democratic National Committee reported $24 million in the bank in comparison to just $8.7 million for the Republican National Committee.

"They already walked into [Thursday] with a massive fundraising advantage over Donald Trump, who struggled to raise money," Lemire added. "Also, because he had to devote so much of the money he's raised to his legal bills. Even prior to last night, Democrats feel great about the speech, they felt like they had a significant financial advantage. They're going to be able to bury Trump in ads."

Biden's campaign and associated entities reported 172,000 unique donors in November, compared to 143,000 unique donors for Trump, and Republicans are beginning to worry that he'll spend too much campaign money on his legal bills.

"It ain't nothing that, last night, the 9:00 hour and then the 10:00 hour set fundraising records for a campaign that's already set fundraising records for the most money ever raised," said host Joe Scarborough. "I think people at home, not just Democrats, but I'm sure Republicans, moderate Republicans, swing voters, independents, had to really, really like what they heard when Donald trump once again had the contrast, time and again – somebody against freedom abroad, somebody that was against freedom at home. That's when Joe Biden really brought it home. He talked about freedom abroad, but then he talked about freedom at home, and women's freedom. Said back to the Supreme Court, 'Oh, yeah, you say women? They have the right to express themselves politically? Stand back, because they're just about to do that.'"

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