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Yesterday, Donald Trump’s reelection campaign and the Republican National Committee announced they had raised a combined $125 million over the past three months and had $156 million in cash on hand — roughly twice as much as President Obama and the DNC had at this point in the 2012 cycle. The good news for the Democrats in that is that more spending doesn’t always guarantee a win. Hillary Clinton and the DNC out-raised Trump and the RNC in 2016, and her allied SuperPACs outspent the Trump-aligned ones. The bad news is that the game plan for an incumbent president with…

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