General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe 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.
genxlib
(5,524 posts)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.
Xipe Totec
(43,889 posts)Wellstone ruled
(34,661 posts)FEC filings are a clue,you are spot on.
ace3csusm
(969 posts)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)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)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)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?
Cha
(297,120 posts)FakeNoose
(32,620 posts)There won't be any time to disappear the campaign funds after the election.