As the Huffington Post headline puts it this morning: 'Trump campaign outraised by 8.5X.'
"Donald Trump’s campaign started the month with a paltry $1.3 million in cash — a mere fraction of Hillary Clinton's $42.5 million war chest — putting the GOP front-runner at a sharp disadvantage heading into the general election against Clinton’s money machine."
"On the same day that Trump fired his campaign manager, Corey Lewandowski, amid a steady stream of reports of campaign infighting and disorganization, the latest batch of Federal Election Commission filings show that the real estate mogul has a long way to go to establish a financial operation that can compete at the national level."
"And it’s not just money — the filings revealed a campaign staff of less than 70, a number dwarfed by Clinton’s nearly 700 paid employees, and few of the campaign’s expenses suggested work had begun to build out a more robust operation. All together, it’s the most lopsided fundraising start to a presidential election in the modern campaign finance era."
"The filings detail campaign finances covering the month of May, during which Trump locked up the GOP nomination after the May 3 Indiana primary. Republicans had hoped that Trump’s clearing of the field would prompt their donors to rally behind their presumptive nominee and allow him to close the gap with Clinton’s campaign, which was still struggling to finish off primary rival Bernie Sanders."
"Instead, the campaign showed no clear path for improving its financial picture. Trump raised just $3.1 million from donors (including almost $2 million in amounts less than $200) and lent his campaign $2.2 million, though he said he won’t continue self-funding through the general election. Trump has now loaned his campaign a total of $45.7 million, almost exactly the same amount that Mitt Romney loaned his 2008 campaign for the GOP presidential nomination."
"Unlike Romney, who mostly downplayed his wealth, Trump’s boasts about his wealth and his willingness to self-finance his campaign were a central part of his message during the primary. Trump castigated his primary opponents for being beholden to big donors and called out the donors as puppet masters."
"So when Trump decided that he would seek to raise outside money for his own election, the reversal was awkward, not least because he had failed to assemble a finance operation for his skeletal campaign."
Read more: http://www.politico.com/story/2016/06/scrawny-trump-campaign-sputters-into-general-224580#ixzz4CDBJg3yz
What was really embarrassing was when he had to ask for $100,000 grand recently.
http://lastmenandovermen.blogspot.com/2016/06/you-have-more-money-than-donald-trump.html?showComment=1466368646478#c8606006902487613700
After all, he has no public experience or any demonstrated knowledge or ability to learn. He has no discernible qualifications for the job. His whole pitch was: I'm rich, I'm successful, I can fix it because I'm so brilliant.
Turns out he's not so rich or successful. Mostly he's a trust fund baby with money to burn.
"Donald Trump’s Latest Campaign Finance Report Makes Dumpster Fires Look Good
Trump’s campaign only has $1.3 million cash on hand. Sad!"
http://www.huffingtonpost.com/entry/donald-trump-fundraising_us_5768a417e4b0853f8bf1fdb0?znes438gw59qtcsor
He has $1.3 million bucks in cash on hand while his campaign actually paid $1 million to various Trump companies in May. Sounds like money well spent for winning a campaign.
"Donald Trump’s Campaign Paid Trump Companies More Than $1 Million In May
The campaign funded Trump’s use of his jets and his Florida mansion, Mar-A-Lago."
"Donald Trump’s presidential campaign paid more than $1 million last month to companies controlled by the presumptive GOP presidential nominee, according to reports the Trump campaign filed late Monday with the Federal Election Commission."
"The figure represents payments for facilities rental, catering, monthly rents and utilities at more than a half-dozen Trump-owned companies and properties. It includes nearly $350,000 that the Trump campaign paid a Trump-owned company, TAG Air, for the use of Trump’s private jets and helicopters."
"The most striking expenditure in the new filings was $423,372, paid by the Trump campaign for rentals and catering at Trump’s 126-room Palm Beach, Florida, mansion, Mar-A-Lago, which Trump operates as a private club."
"Other Trump-owned recipients of campaign funds include Trump Restaurants, which raked in $125,080 in rent and utilities; Trump Tower Commercial, which charged $72,800 in rent and utilities in the building that houses Trump’s campaign headquarters; the Trump National Golf Club, in Jupiter, Florida, which collected $35,845 for facilities rental and catering; and the Trump International Golf Club in West Palm Beach, Florida, which billed the campaign for $29,715, for facilities rentals and catering.
"It’s not unusual for candidates to tap their own companies for campaign functions. But the law requires that campaigns pay fair market value for goods and services, so that a candidate’s company doesn’t make an illegal donation of office space — or Palm Beach mansions, for example."
"But the money flowing from Trump’s campaign to his companies reflects the blending of Trump’s successful brand — as a real estate celebrity and reality TV star — with his increasingly gonzo campaign for the presidency."
"According to HuffPost’s Paul Blumenthal, Trump’s current financial situation “places him further behind [presumptive Democratic nominee Hillary Clinton] in terms of funds and campaign infrastructure than any other modern presidential candidate.”
"Donald Trump’s campaign started the month with a paltry $1.3 million in cash — a mere fraction of Hillary Clinton's $42.5 million war chest — putting the GOP front-runner at a sharp disadvantage heading into the general election against Clinton’s money machine."
"On the same day that Trump fired his campaign manager, Corey Lewandowski, amid a steady stream of reports of campaign infighting and disorganization, the latest batch of Federal Election Commission filings show that the real estate mogul has a long way to go to establish a financial operation that can compete at the national level."
"And it’s not just money — the filings revealed a campaign staff of less than 70, a number dwarfed by Clinton’s nearly 700 paid employees, and few of the campaign’s expenses suggested work had begun to build out a more robust operation. All together, it’s the most lopsided fundraising start to a presidential election in the modern campaign finance era."
"The filings detail campaign finances covering the month of May, during which Trump locked up the GOP nomination after the May 3 Indiana primary. Republicans had hoped that Trump’s clearing of the field would prompt their donors to rally behind their presumptive nominee and allow him to close the gap with Clinton’s campaign, which was still struggling to finish off primary rival Bernie Sanders."
"Instead, the campaign showed no clear path for improving its financial picture. Trump raised just $3.1 million from donors (including almost $2 million in amounts less than $200) and lent his campaign $2.2 million, though he said he won’t continue self-funding through the general election. Trump has now loaned his campaign a total of $45.7 million, almost exactly the same amount that Mitt Romney loaned his 2008 campaign for the GOP presidential nomination."
"Unlike Romney, who mostly downplayed his wealth, Trump’s boasts about his wealth and his willingness to self-finance his campaign were a central part of his message during the primary. Trump castigated his primary opponents for being beholden to big donors and called out the donors as puppet masters."
"So when Trump decided that he would seek to raise outside money for his own election, the reversal was awkward, not least because he had failed to assemble a finance operation for his skeletal campaign."
Read more: http://www.politico.com/story/2016/06/scrawny-trump-campaign-sputters-into-general-224580#ixzz4CDBJg3yz
What was really embarrassing was when he had to ask for $100,000 grand recently.
http://lastmenandovermen.blogspot.com/2016/06/you-have-more-money-than-donald-trump.html?showComment=1466368646478#c8606006902487613700
After all, he has no public experience or any demonstrated knowledge or ability to learn. He has no discernible qualifications for the job. His whole pitch was: I'm rich, I'm successful, I can fix it because I'm so brilliant.
Turns out he's not so rich or successful. Mostly he's a trust fund baby with money to burn.
"Donald Trump’s Latest Campaign Finance Report Makes Dumpster Fires Look Good
Trump’s campaign only has $1.3 million cash on hand. Sad!"
http://www.huffingtonpost.com/entry/donald-trump-fundraising_us_5768a417e4b0853f8bf1fdb0?znes438gw59qtcsor
He has $1.3 million bucks in cash on hand while his campaign actually paid $1 million to various Trump companies in May. Sounds like money well spent for winning a campaign.
"Donald Trump’s Campaign Paid Trump Companies More Than $1 Million In May
The campaign funded Trump’s use of his jets and his Florida mansion, Mar-A-Lago."
"Donald Trump’s presidential campaign paid more than $1 million last month to companies controlled by the presumptive GOP presidential nominee, according to reports the Trump campaign filed late Monday with the Federal Election Commission."
"The figure represents payments for facilities rental, catering, monthly rents and utilities at more than a half-dozen Trump-owned companies and properties. It includes nearly $350,000 that the Trump campaign paid a Trump-owned company, TAG Air, for the use of Trump’s private jets and helicopters."
"The most striking expenditure in the new filings was $423,372, paid by the Trump campaign for rentals and catering at Trump’s 126-room Palm Beach, Florida, mansion, Mar-A-Lago, which Trump operates as a private club."
"Other Trump-owned recipients of campaign funds include Trump Restaurants, which raked in $125,080 in rent and utilities; Trump Tower Commercial, which charged $72,800 in rent and utilities in the building that houses Trump’s campaign headquarters; the Trump National Golf Club, in Jupiter, Florida, which collected $35,845 for facilities rental and catering; and the Trump International Golf Club in West Palm Beach, Florida, which billed the campaign for $29,715, for facilities rentals and catering.
"It’s not unusual for candidates to tap their own companies for campaign functions. But the law requires that campaigns pay fair market value for goods and services, so that a candidate’s company doesn’t make an illegal donation of office space — or Palm Beach mansions, for example."
"But the money flowing from Trump’s campaign to his companies reflects the blending of Trump’s successful brand — as a real estate celebrity and reality TV star — with his increasingly gonzo campaign for the presidency."
"Trump, who claims to be worth more than $10 billion, has even said he could personally profit from his own campaign for president. “It’s very possible that I could be the first presidential candidate to run and make money on it,” he told Fortune magazine in 2000."
"After Monday, however, that seems very unlikely. Trump’s campaign reported $1.3 million in cash at the start of the hugely expensive general election phase of the race. In 2012, the campaigns and super PACs of President Barack Obama and Republican nominee Mitt Romney each raised and spent more than $1 billion."
"After Monday, however, that seems very unlikely. Trump’s campaign reported $1.3 million in cash at the start of the hugely expensive general election phase of the race. In 2012, the campaigns and super PACs of President Barack Obama and Republican nominee Mitt Romney each raised and spent more than $1 billion."
"According to HuffPost’s Paul Blumenthal, Trump’s current financial situation “places him further behind [presumptive Democratic nominee Hillary Clinton] in terms of funds and campaign infrastructure than any other modern presidential candidate.”
Leon Wolf points out that Trump barely got 3rd in terms of May fundraising: Ted Cruz dropped out on May 3, but still raised almost as much as Trump did the whole month. And of course Trump was behind Hillary and Sanders.
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