Trump's campaign reveals just how very little money they have left

[Wicked Blue]

Source: Raw Story


Sarah K. Burris
September 20, 2020

Former Vice President Joe Biden announced that his campaign brought in a massive campaign haul during the Democratic convention last month ahead of the August campaign finance filing. President Donald Trump has attempted to keep his campaign numbers hidden with a late filing, and by Sunday evening it was clear why.

Trump’s total haul for August, when he got a week’s worth of free media from the Republican convention, was just $61.7 million. The campaign spent almost all of it, $61.2 million.

The campaign still has about $900,000 in debt. His cash on hand is just $121 million in the bank.

Trump’s big donor support has dropped by 61 percent as he refuses to turnout for virtual events.


Read more: https://www.rawstory.com/2020/09/trumps-campaign-revealed-just-how-very-little-money-they-have-left/

[soothsayer]

1. Imagine how little they'd have if they paid their bills

And didn’t use taxpayer money and properties for campaigning

[Karadeniz]

27. I bet they're still stiffing some cities, like El Paso, for rallies.

[Scruffy1]

28. You are correct.

They still haven't paid their bill to El Paso. I think it may result in a lien someday. We could really use that dough.

[Wicked Blue]

53. It will be difficult to get the money if he flees to Moscow or Dubai

or to an undisclosed location

[Renew Deal]

2. $121 million ain't nothing

But the low haul for August is nice.

[kurtcagle]

7. Also keep in mind

These are August numbers. They don't reflect the Atlantic article, don't reflect RBG, don't reflect two major hurricanes and Western Wildfires, nor hitting the 200K milestone for Covid-19, nor the disastrous Trump Town Hall. They may very well be in the red by now.

[Salviati]

25. They could probably try and run more efficiently..

I mean, maybe they can find vendors that will accept being paid directly in rubles...

[CloudWatcher]

41. I suspect ...

They are probably being very efficient ... at moving money out of the campaign into their own pockets.

And $900,000 in debt? Who in the right mind would loan this campaign money?

[Wicked Blue]

54. +1 nt

[kurtcagle]

3. Bad News For Downstream GOP

Airtime for political ads tends to get bought up in blocks with upstream candidates often book-ending downstream candidates. When those don't get filled, the downstream candidates often end up being paired with the other party's upstream supports, weakening their effectiveness further. The funding gap is likely to also be reflective of federal and state GOP spending, which means fewer dollars going downticket. This is turning into a perfect storm for the GOP.

[Wicked Blue]

4. Womp womp

[OrlandoDem2]

5. So how long does $121M last? 3 weeks? I have no idea.

[Ahpook]

8. Who knows!

Bet they've been pinching from the till as well.

[jorgevlorgan]

9. No clue

But don't count out the possibility of money coming from other, less scrapulous sources.

[Thekaspervote]

12. Posted here last night, it takes 20 mil a week to run his campaign, that was the bare minimum

Without ads or media spends. Just keeping the doors open.

[lettucebe]

14. I thought it was $20 million a month?

If it's a week he's in real trouble, ha ha, and good for him

[Thekaspervote]

17. Oh.. I bet you're right..can't find the article I was looking at

[moonscape]

21. Depends how quickly he can stuff it in his pockets n/t

[jorgevlorgan]

6. That's still enough money to make a dent in some swing states that can make or break him

We need to stay vigilant.

[keithbvadu2]

10. How much has Ivanka skimmed?

How much has Ivanka skimmed for the family?

[Firestorm49]

11. Really, there is nothing much new here. He'll screw his vendors, it will die in the courts.

Donald is now playing Donald’s game. It’s nothing new. Quite documented actually.

[Yavin4]

15. You gotta be one stupid vendor to not get paid in cash up front by Donald. n/t

[ArizonaLib]

43. He has been known to pay partial up front

Then when services or goods are rendered/delivered, he stiffs the remaining balance due 'complaining' about the quality of the goods or services.

[NYC Liberal]

46. Met a guy here who did contracting work for him 15-20 years ago.

Trump agreed to something like $10 million. Ended up paying $2-3 and told the guy to either take it or spend years in court. I’m sure there’s many more people with similar stories.

[ArizonaLib]

49. I bet more often than not

Trump's a loser who is even bad at cheating.

[mucifer]

13. hurry up putin that money isn't gonna launder itself

[blugbox]

26. Sarcasm tag probably isn't even needed for this one

[Warpy]

16. He hired the biggest crooks in the business

It can't be much of a shocker that they blew through nearly a billion bucks having a great time while watching him dive in the polls.

And no, I don't feel a bit sorry for him, he's done far too much to piss me off.

[Yavin4]

18. Where is his cult? Why aren't they sending money?

They go to the rallies.

[Xolodno]

38. They don't have any money.

Most probably are on unemployment, suffering from his ill conceived trade wars or still waiting for that coal revival.

[niyad]

19. Sorry. Don't believe a word of it. Has such an oral roberts feel to it. What is that old expression?

"Crying poor". And the cultists will pitch right in.

[IronLionZion]

20. Biden brought in $364 million in August

Compared to the billionaire stable genius's $61.7 million.

[Marie Marie]

22. Can Trump declare bankruptcy for his campaign?

It's the only thing he is really good at.

[Wicked Blue]

55. That's a nice thought

Besides, he's already morally bankrupt

[groundloop]

23. Here's to hoping his campaign expenses get investigated

I have no doubt that multiple people in his campaign are skimming money for themselves, including the skimmer-in-chief and his offspring.

[dlk]

24. Someone has been skimming...

[Scruffy1]

30. As a former Republican Pres said.

"It's time to load up the old coffers". The reason he's not getting the big money because they already know he's grifting the campaign funds like he did the inauguration. Fool me once...............?

[dlk]

51. The Trump crime family never takes a day off

There are too many avenues for personal enrichment to ignore.

[marble falls]

29. Shoulda saved some those fat inaugeration bucks for a rainy day. Maybe Mrs Kushner'll kick back.

[C Moon]

31. Don't trust the GOP. They are probably going to have an October blitz of lying ads.

They always lie.

[Fiendish Thingy]

32. He's saving his cash for court challenges, as it's his only chance to stay in power nt

[ArizonaLib]

44. I knew you HAD to be a Beatles fan!!!

They are the greatest! I started checking out your blog. Enjoying it!

[Fiendish Thingy]

50. Thanks! Nt

[Kid Berwyn]

33. "And one day it will magically disappear."

Spoke the guy who lost money running a casino lots of times.

[TeamPooka]

34. Those folks he owes $900,000 to will never see a penny of it.

I'd bet every cent I own on that.

[Xolodno]

39. Unless its to himself. nt

[TeamPooka]

40. He always pays himself first. Never owed. Money only goes one way with guys like that

[alfredo]

35. Donald wouldn't steal from his supporters, would he?

Remember it is Donald, not President Trump, Mr Trump, or Donald Trump, it is just plain Donald. They say he hates being called Donald.

[Lonestarblue]

48. Maybe Biden should call him Donnie in the debates. The childish name fits better.

[alfredo]

58. Good

[Wicked Blue]

52. I wonder how he'd react to being called Donald Duck?

Waaaaaaaack!

Might be entertaining.

[alfredo]

59. Get him spitting and spinning

[qazplm135]

36. so basically in a few hours after RBGs death...

ACT BLUE raised almost twice as much money as Trump did the entire month of August.

[captain queeg]

37. People don't want to waste their money on a LOSER

[JohnnyRingo]

42. Have to be a fool to throw money at this losing horse.

I don't see anyone named Trump cutting a check.

[SunSeeker]

45. Good. nt

[xfreedom2020]

47. Trump Broke...

Not good for the ego

[AngryOldDem]

56. At least Trump is sticking to his business plan of losing money, whatever he does.

ON EDIT: He’ll just come to expect the media to cover his WH pressers, he’ll schedule more of them, and he’ll use them as campaign rallies. I think he thinks that’s his fallback. The media should just refuse to air them, or make sure Biden gets equal time.

[Mr. Sparkle]

57. Take this with a very large grain of salt. It does not include outside groups

where i imagine most of the republican money is held and spent these days. Gop donors don't want to give directly to trump, to stop him from taking it for himself.

[Illumination]

60. Who in their right mind would lend $ to this loser anymore?