Trump Has Raised Up To $170 Million Since Election Day: Reports

[IsItJustMe]

Source: Huffpost

President Donald Trump has raised between $150 million and $170 million since Election Day amid ongoing appeals to supporters as part of his effort to undercut results of the race that saw him lose by millions of votes to President-elect Joe Biden, according to several media reports.

Both The Washington Post and The New York Times reported details of the massive haul, much of which was raised through small-dollar donations from the president’s ardent base in the week after the election.

But those appeals are based on misleading emails and text messages, and the Trump campaign has been using shady legal language buried in the solicitations that effectively gives the president broad power to use the money for a variety of purposes beyond fighting the outcome of the election. The fine print behind the fundraising says the first 75% of any donation goes to the Save America leadership political action committee, which Trump set up in mid-November, and the remaining 25% goes to the Republican Party’s operating expenses..... CONTINUED...

Link: https://www.yahoo.com/huffpost/trump-fundraising-170-million-060206895.html
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Seems like good enough reason for someone of T****'s caliber to keep this shit up!!!

[The Velveteen Ocelot]

1. His email donation cons would embarrass the Nigerian prince scammers.

[yuiyoshida]

2. It won't get him out of Prison

From the State of New York.

[C_U_L8R]

3. Or his corrupt staffers.

This is a prosecutor's field day.

[Cha]

4. It must get his Bloated Goat

that Millions Can't Buy him the eLECTION

[Captain Zero]

5. Watch him & his family start drawing salaries

from the Save America PAC on January 21.

Or it will pay his 'transition to private life expenses'.
Or both.
Watch.

[LudwigPastorius]

6. Prediction

Of that 75% that is Trump’s share, half will go toward more gold toilets, and the other half will be dedicated to trying to keep him out of prison.

[Ohio Dem]

7. I should feel sorry for those people he's grifting. I know that.

But I fucking don't.

[BigmanPigman]

8. He's going to be able to keep his name in the air

and profit off of it. Money and ego are his driving force.

[TomDaisy]

9. He is going to suck his people dry.

[TomDaisy]

10. and he is going to use that money for ongoing fuckery for the next 2 years

[New Breed Leader]

13. Yep. Nm

[keithbvadu2]

11. 1+

[North Shore Chicago]

12. The grift

that keeps on grifting! Geez, when will the magats learn?

[docgee]

14. So blowing $3M on a Wisconsin recount was just good advertising.

[Gothmog]

15. trump supporters are idiots

[Andy823]

16. The old saying

"There's a sucker born every minute" needs to add "and trump found them"!

[marmar]

17. A conman is gonna con.

[dalton99a]

18. It is plain and simple grift

https://www.nytimes.com/2020/11/30/us/politics/trump-campaign-donations.html

Trump Raises $170 Million as He Denies His Loss and Eyes the Future
The president’s campaign has ratcheted up its appeals for cash, but the first 75 percent of every contribution is going to a new political action committee that could fund his next political move.
By Shane Goldmacher and Maggie Haberman
Nov. 30, 2020

President Trump has raised about $170 million since Election Day as his campaign operation has continued to aggressively solicit donations with hyped-up appeals that have funded his fruitless attempts to overturn the election and that have seeded his post-presidential political ambitions, according to a person familiar with the matter.

The money, much of which was raised in the first week after the election, according to the person, has arrived as Mr. Trump has made false claims about fraud and sought to undermine public confidence in the legitimacy of President-elect Joseph R. Biden Jr.’s victory.

Instead of slowing down after the election, Mr. Trump’s campaign has ratcheted up its volume of email solicitations for cash, telling supporters that money was needed for an “Election Defense Fund.”

In reality, the fine print shows that the first 75 percent of every contribution currently goes to a new political action committee that Mr. Trump set up in mid-November, Save America, which can be used to fund his political activities going forward, including staff and travel. The other 25 percent of each donation is directed to the Republican National Committee.

The $170 million figure, raised in less than four weeks, is an enormous sum that rivals the amounts of money brought in at the peak of the campaign. While a breakdown of the money was not immediately available, the deluge of donations would appear to have paid off any remaining Trump campaign debt (in the first days after the election, the fine print showed that contributions were earmarked for that purpose). The money is also likely to provide Mr. Trump with a sizable financial head start in paying for his post-presidency political activities.

Despite the influx of cash, both the Trump campaign and the R.N.C. have reduced the size of their staffs since the election.

In October, Mr. Trump’s campaign began automatically checking a box on its website so that more donors would make additional, weekly donations from their accounts through Dec. 14 — the day the Electoral College will vote — to create a postelection revenue stream. Donors can opt out with an extra click, but critics called the tactic misleading.

...

[gratuitous]

19. Is any of this money coming from foreign sources?

Given Trump's history of fraudulent activity, it would probably be a good idea to closely examine where this money is coming from, and that none of these donations are money laundering activities.

[dalton99a]

20. +1

[BeyondGeography]

21. Robert Reich breaks it down

Link to tweet