How Trump's Billlion-Dollar Campaign Lost Its Cash Advantage

[catbyte]

A rally for President Trump in Latrobe, Penn. Mr. Trump’s campaign has spent $800 million.Credit...Anna Moneymaker for The New York Times

By Shane Goldmacher and Maggie Haberman

Sept. 7, 2020
Updated 6:21 p.m. ET

Money was supposed to have been one of the great advantages of incumbency for President Trump, much as it was for President Barack Obama in 2012 and George W. Bush in 2004. After getting outspent in 2016, Mr. Trump filed for re-election on the day of his inauguration — earlier than any other modern president — betting that the head start would deliver him a decisive financial advantage this year.

It seemed to have worked. His rival, Joseph R. Biden Jr., was relatively broke when he emerged as the presumptive Democratic nominee this spring, and Mr. Trump and the Republican National Committee had a nearly $200 million cash advantage.

Five months later, Mr. Trump’s financial supremacy has evaporated. Of the $1.1 billon his campaign and the party raised from the beginning of 2019 through July, more than $800 million has already been spent. Now some people inside the campaign are forecasting what was once unthinkable: a cash crunch with less than 60 days until the election, according to Republican officials briefed on the matter.

Brad Parscale, the former campaign manager, liked to call Mr. Trump’s re-election war machine an “unstoppable juggernaut.” But interviews with more than a dozen current and former campaign aides and Trump allies, and a review of thousands of items in federal campaign filings, show that the president’s campaign and the R.N.C. developed some profligate habits as they burned through hundreds of millions of dollars. Since Bill Stepien replaced Mr. Parscale in July, the campaign has imposed a series of belt-tightening measures that have reshaped initiatives, including hiring practices, travel and the advertising budget.

snip

https://www.nytimes.com/2020/09/07/us/politics/trump-election-campaign-fundraising.html

--------------------------------------------------------
It looks like ol' Donnie runs his campaign just like he runs his businesses--right into the ground.

[wryter2000]

1. I'll bet that money

is currently keeping company with the money that disappeared from the inauguration funds.

[Claustrum]

2. Exactly, the campaign funds aren't for re-election but going directly into the pockets of Trump

and the people around him.

[malaise]

5. THIS

[Jarqui]

3. Might be tough to pay campaign debts from prison ...

Even Trump's kids will be getting jittery wondering if they're going to continue to get their $180,000 campaign salaries ..

Maybe the Russians will funnel dough through the NRA while facing a lawsuit from the NY AG to shut down ..

Trump "Where is Maria Butina when I need her most? .... "

[mr_lebowski]

4. I cannot WAIT for the next AG to get their teeth into examining where all the $$$ actually went ...

My guess is that at minimum $20M was funneled (nearly) directly into IQ45's pockets, and at least a few million each to Princess, Beavis, and Butthead.

I'd not be at all surprised if it was actually WAY more than that.

[wryter2000]

10. Lord yes

Glen Kirschner or Preet Bararah (don’t think I spelled that right.)

[smirkymonkey]

6. K&R

At this point, I don't even care that they stole it, because all that money is coming from republican losers and suckers. I am just happy to hear that the campaign itself is cash-poor and in trouble. I really hope this is true.

It makes it less likely that they will be able to pull off a coup if they don't have money. It also makes it more likely that people will start to jump ship at an accelerated rate. Nobody is in this for the love of Donald Trump. If they can't make a buck off it or use it as a springboard to something greater, they aren't going to stick around.

[Thekaspervote]

8. Great points!!

[wryter2000]

11. True

[Thekaspervote]

7. They said the same in 16. Unless puttie has decided dotard is toast, I doubt money will be an issue

[kiri]

15. Putin's personal wealth $80 billion

Putin's personal wealth is $80 to $90 billion, hidden in scores of banks around the world in various currencies (no rubles!). Putin can buy elections out of petty cash.

[Jarqui]

9. 'Sheldon Adelson is a sucker and a loser'

Trump Reportedly Lashes Out At Billionaire Donor Sheldon Adelson
https://www.forbes.com/sites/danielcassady/2020/08/08/rump-reportedly-lashes-out-at-billionaire-donor-sheldon-adelson/#5afecf2129e7

biting the hand that feeds ya ?

[KewlKat]

12. Maybe he transferred it to his own bank accounts....follow the money

[Buckeyeblue]

13. This is interesting. I'm sure he is grabbing what he thinks is his.

Donors may decide that keeping the Senate is more important.

[DSandra]

14. Grifters gotta grift

[RGTIndy]

16. Pretty soon they will just have people mail their checks directly to the Cayman Islands n/t

[Larissa]

17. Wherever there's a pile of cash

. . . the grifter comes running. "Well, if it's free then I ain't stealing." ~~ Ratso Rizzo, "Midnight Cowboy"