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Yo_Mama_Been_Loggin

(107,881 posts)
Tue Sep 8, 2020, 02:03 PM Sep 2020

The Trump campaign has blown through its huge cash advantage over Biden, logged some iffy spending

"Money was supposed to have been one of the great advantages of incumbency for President Trump," and when Joe Biden emerged as the "relatively broke" presumptive Democratic nominee in the spring, "Trump and the Republican National Committee had a nearly $200 million cash advantage," The New York Times reports. Five months later, "Trump's financial supremacy has evaporated," and "some people inside the campaign are forecasting what was once unthinkable: a cash crunch with less than 60 days until the election."

The Trump campaign and RNC have spent more than $800 million of the $1.1 billion they raised since 2009, and some of the expenditures seem a little questionable, the Times suggests, drawing from federal campaign filings:

$325,000 to the Ritz-Carlton Amelia Island near Jacksonville for scrapped RNC convention

$156,000 for airplanes to pull Trump banners in recent months

-more-

https://www.yahoo.com/news/trump-campaign-blown-huge-cash-051500689.html

Let's not forget the hefty sum Brad Parscale paid himself before being let go.

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The Trump campaign has blown through its huge cash advantage over Biden, logged some iffy spending (Original Post) Yo_Mama_Been_Loggin Sep 2020 OP
Even money bet genxlib Sep 2020 #1
I'm sure Trump has already funneled most of the funds to his personal wealth. nt Xipe Totec Sep 2020 #2
If the last round of Wellstone ruled Sep 2020 #3
Thats what im thinking ace3csusm Sep 2020 #4
Counterpoint: This is speculative, Trump is still flush with cash from billionaires greenjar_01 Sep 2020 #5
Maybe not kurtcagle Sep 2020 #6
Trump will simply write a check himself. He is a billionaire, right? Self funding his campaign? Midnight Writer Sep 2020 #7
How much gone is trump's personal cut? Cha Sep 2020 #8
He knows he's going to lose, so he's hording the money now FakeNoose Sep 2020 #9

genxlib

(5,524 posts)
1. Even money bet
Tue Sep 8, 2020, 02:07 PM
Sep 2020

If/when Trump loses, Brad Parscale gets indicted between November and January.

They will need a scapegoat.

It's OK because he probably deserves it.

ace3csusm

(969 posts)
4. Thats what im thinking
Tue Sep 8, 2020, 02:18 PM
Sep 2020

Most of that money is sitting in a shell company held by Trump ... Problem is that the entire family was doing and they depleted the funds to quickly ...This is why Trump is now saying he will write a check to his campaign...

 

greenjar_01

(6,477 posts)
5. Counterpoint: This is speculative, Trump is still flush with cash from billionaires
Tue Sep 8, 2020, 02:21 PM
Sep 2020

and it's going to be a bare-knuckled contest through November 3, if not afterward.

Parscale robbed him blind, undoubtedly. But there's always money for tax cuts.

kurtcagle

(1,602 posts)
6. Maybe not
Tue Sep 8, 2020, 02:43 PM
Sep 2020

The roster of billionaires that are sitting this one out (or donating to Biden after donating to Trump last cycle) is surprisingly long.

I think the Adelson screaming fest that Trump had in August may have been precisely because Adelson told Trump he was done contributing (or was even reneging on commitments made). Koch, Mercer, Murdoch have all shut off the spigots.

You don't cancel ad buys in battleground states when you're flush with cash.

Midnight Writer

(21,738 posts)
7. Trump will simply write a check himself. He is a billionaire, right? Self funding his campaign?
Tue Sep 8, 2020, 04:12 PM
Sep 2020

I believe he said himself that he will not be beholden to any special interests because he will use his own money to run.

I heard that, right? He promised, didn't he?

FakeNoose

(32,620 posts)
9. He knows he's going to lose, so he's hording the money now
Tue Sep 8, 2020, 04:22 PM
Sep 2020

There won't be any time to disappear the campaign funds after the election.



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