Major Republican Donors Reportedly Bailing on Trump: Big Money 'Losing Interest in This S**t Show'
Former President Donald Trump is apparently struggling to maintain the support of top Republican donors as he continues to flirt with a run for a second stay in the White House in 2024. Writing for CNBC, Brian Schwartz reports that a number of top donors have privately expressed concerns over Trump’s spending of past campaign donations.
Schwartz reports:
Wealthy financiers such as Stephen Ross and Larry Ellison have instead opted to spend money on the GOP’s efforts to take back Congress during next year’s midterm elections, or have shown support for other potential 2024 presidential candidates.
Donors are also concerned about how Trump’s organization is spending the piles of money it has raised from donations. “Big money, sophisticated people are just losing interest in this s–t show,” said an advisor to longtime Trump allies in Silicon Valley. Many donors are tired of seeing the former president use his resources on rallies during which he often makes false claims including that the election was stolen from him, this person said.
According to previous reporting, Trump PACs have spent nearly $8 million on legal fees, as well as $200k on Trump properties where he has held events. According to an unnamed GOP strategist who is only identified as representing Wall Street fat cats, “Donors don’t contribute out of the goodness of their heart. And right now they’re being asked to donate to an organization that has no other purpose than pumping cash into someone who doesn’t need it and isn’t using it,” according to the report. “They have better things to do.”
Perhaps unsurprisingly, a Trump spokesman did not respond to Schwartz’s request for comment.
https://www.mediaite.com/donald-trump/major-republican-donors-reportedly-bailing-on-trump-big-money-losing-interest-in-this-st-show/
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