Bernie is back with a bang — but can he hold on to his supporters?

Bernie is back with a bang — but can he hold on to his supporters?
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Bernie is back with a bang!

Earlier this week, Sen. Bernie SandersBernie SandersThe Memo: Trump faces steep climb to reelection California Democrats face crisis of credibility after lawsuits Fox's Brit Hume fires back at Trump's criticism of the channel MORE (I-Vt.) officially announced his candidacy for president. Within a week, he raised a boatload of money and his supporters completely dominated the world of social media. Sanders and former Vice President Joe BidenJoe BidenThe Hill's Morning Report - White House, Congress: Urgency of now around budget The Memo: Trump faces steep climb to reelection Trump: Foreign countries want Biden in office so they can continue 'ripping off' the US MORE (who has not announced a 2020 presidential bid) are the front runners in the race. But front runners are not favorites in the volatile universe of fickle Democratic primary voters.

Start your engines

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Most political observers gave Sen. Kamala HarrisKamala Devi HarrisThe Memo: Trump faces steep climb to reelection California Democrats face crisis of credibility after lawsuits Feehery: A whole new season of 'Game of Thrones' MORE (D-Calif.) good grades for her announcement a few weeks ago. She raised $1.5 million within the first day of her candidacy and she set a ratings record for CNN when she appeared the cable network's Town Hall Summit.

Then Sanders blew her out of the water. The first day fundraising for Sanders dwarfed her take and my guess is the Vermont senator's appearance on the CNN Summit tomorrow will be an even bigger ratings bonanza than the previous record.

Sanders will have money to burn for his second presidential run. He raised $5.9 million in the first 24 hours after he officially launched his presidential candidacy on Vermont Public Radio. The haul came from approximately 225,000 people averaging about $27 a contribution.

This big base of small donors is priceless in a long presidential marathon for two reasons. First, these hardcore supporters are hard bodies for grassroots organizing efforts. The Sanders campaign can also go back time and time again to solicit these supporters whenever there's a need to make an expensive media buy.

On top of this early haul of grassroots dough, Sanders already had $9 million dollars in the bank left over from his 2018 U.S. Senate race. This kind of early money will be especially important in this campaign since the delegate selection schedule is so front loaded.

Californians will begin to vote absentee on Feb. 3, 2020, the same day as the Iowa Caucuses. It's one thing to buy Des Moines TV before the caucuses but it will cost a fortune for a campaign to buy Los Angeles TV before voters return their mail ballots in the Golden State. Sanders will have the money to do it and deluge the media markets in Texas only a month later. 

Is twice the charm?

Sanders didn't even think he had a chance to win when he entered the 2016 race but he came within a whisker of taking the Democratic nod away from the prohibitive favorite, Hillary ClintonHillary Diane Rodham ClintonThe Memo: Trump faces steep climb to reelection What the Mueller report tells us about Putin, Russia and Trump's election Steve Bullock puts Citizens United decision at center of presidential push MORE. Early polls suggest he starts this race ahead of all the potential candidates except Biden. But there are also signs that the thrill is gone as many of his 2016 supporters are looking for new blood and moving onto greener pastures.

The best way indication of the slippage in his support is his position in Iowa. Sanders finished in a virtual 50-50 tie among Iowa caucuses goers with Hillary Clinton in 2016. But a survey of Iowa Democrats in December by the Des Moines Register indicated that many Bernie supporters had bailed on him. Only a fifth (19 percent) of the Democrats who planned to caucus in 2020 said they would support the senator from Vermont.  

What happened to all those Bernie supporters? 

Back in the day, Sanders was the only game in town if you didn't like the establishment candidate, Clinton. That was then. This is now. If Democrats want to vote against the establishment candidate Biden, they have a dozen choices aside from Sanders to choose from. Two of those choices, Rep. Tulsi GabbardTulsi GabbardGabbard says claim her campaign is getting boost from Putin apologists is 'fake news' Momentum builds behind push to pass laws enshrining abortion rights Poll: Biden is only Dem candidate that beats Trump outside of margin of error MORE (D-Hawaii) and progressive activist Marianne Williamson were big-time Sanders supporters in 2016 but are now running against him.

Then there's the threat to Sanders that comes from the other prominent progressive populist in the race, Sen. Elizabeth WarrenElizabeth Ann WarrenThe Memo: Trump faces steep climb to reelection Feehery: A whole new season of 'Game of Thrones' Overnight Energy: Warren wants Dems to hold climate-focused debate | Klobuchar joins candidates rejecting fossil fuel money | 2020 contender Bennet offers climate plan MORE (D-Mass.). Warren will battle Sanders in New Hampshire, which holds the first in the nation presidential primary. The outcome of this neighborhood bar brawl in New England could seriously damage one of their candidacies.

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There’s not a dime’s worth of difference in the stands between the positions of the two populist Democratic senators. Warren is a fierce advocate of everything Sanders and his followers stand for. She aggressively supports his Medicare for All plan, his comprehensive job program and his stand to negate the Supreme Court’s Citizens United decision.

There's something unique about Sanders that could carry him through tough times. He is the ultimate political outsider but he's been in office without interruption for the last 38 years and in Congress for the last 28. That's a long time to be in politics without selling out your principles and Americans are more than ready to stand on principle after two years of President TrumpDonald John TrumpThe Hill's Morning Report - White House, Congress: Urgency of now around budget GOP presses Trump to make a deal on spending Democrats wary of handing Trump a win on infrastructure MORE in the White House.

Brad Bannon is a Democratic pollster and CEO of Bannon Communications Research. He is also a senior adviser to, and editor of, the blog at MyTiller.com, a social media network for politics.

This is the fourth piece in a series of profiles by Bannon on 2020 Democratic hopefuls. Read his analysis on Julian Castro, Sen. Kamala Harris (D-Calif.) and Sen. Elizabeth Warren (D-Mass.)