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Trump's Cash Crunch Constrains His Campaign at a Critical Juncture
Source: New York Times
To close the budgetary shortfall, Mr. Trump has slashed millions of dollars in previously reserved television ads and detoured from the battleground states that will decide the election for a stop in California last weekend to refill his campaign coffers. He has also tried to jump-start his online fund-raising with increasingly aggressive tactics, sending out as many as 14 email solicitations in a day.
...snip...
Last week, senior Trump campaign officials huddled with the Republican National Committee leadership in Washington, D.C., to hash out spending plans for the race’s final days, a discussion that included the possibility of taking out a loan or delaying payment on some bills past Election Day to fully fund operations, according to a person familiar with the matter.
Perhaps nothing underscores how acute and unexpected the budget situation is for Mr. Trump as much as his television ad budget. His cash on hand entering October was $40 million less than the $104.4 million he had previously reserved in television ads for the final five weeks, according to Advertising Analytics data. So earlier this week, Mr. Trump’s campaign and the R.N.C. announced that the party would begin funding coordinated ads in many key states, a move that lessens the financial squeeze on Mr. Trump.
...snip...
After fears of a looming cash crunch first surfaced last month, Mr. Trump wrote on Twitter that “if more money is needed, which I doubt it will be,” he would “put it up!” Yet Mr. Trump has so far donated nothing to his re-election campaign, even as it has spent millions on his private businesses, and some top aides are reluctant to directly request that he dip into his own bank account.
...snip...
Last week, senior Trump campaign officials huddled with the Republican National Committee leadership in Washington, D.C., to hash out spending plans for the race’s final days, a discussion that included the possibility of taking out a loan or delaying payment on some bills past Election Day to fully fund operations, according to a person familiar with the matter.
Perhaps nothing underscores how acute and unexpected the budget situation is for Mr. Trump as much as his television ad budget. His cash on hand entering October was $40 million less than the $104.4 million he had previously reserved in television ads for the final five weeks, according to Advertising Analytics data. So earlier this week, Mr. Trump’s campaign and the R.N.C. announced that the party would begin funding coordinated ads in many key states, a move that lessens the financial squeeze on Mr. Trump.
...snip...
After fears of a looming cash crunch first surfaced last month, Mr. Trump wrote on Twitter that “if more money is needed, which I doubt it will be,” he would “put it up!” Yet Mr. Trump has so far donated nothing to his re-election campaign, even as it has spent millions on his private businesses, and some top aides are reluctant to directly request that he dip into his own bank account.
Read more: https://www.nytimes.com/2020/10/22/us/politics/trump-campaign-money.html
11 replies
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= new reply since forum marked as read
Not quite $100 million, but who’s counting?
-Laelth
is there any proof that they ACTUALLY paid any bills at all? 
All I heard all spring from "the media" was how the DNC was "behind behind behind". And what has remarkably been kept OUT of the "news" was what the campaign haul was for Biden for September. We know that the August amount was a record-breaking $365 million but digging around I *finally* saw what the September amount was (hate to use Politico but it is what it is) -
2020 Elections
Biden raised whopping $383M in September
By ELENA SCHNEIDER
10/14/2020 09:52 PM EDT
Joe Biden announced Wednesday evening that his campaign and affiliated committees raised $383 million in September, breaking a record he had just set the prior month as his campaign continues to ride a surge of online donations.
Biden, the Democratic National Committee and the campaign's joint fundraising committees started the final 34 days of the campaign with $432 million in the bank, Biden campaign manager Jen O'Malley Dillon tweeted.
President Donald Trump's campaign and the Republican National Committee have not yet released their fundraising totals for September, though they must file campaign finance reports for the month by Oct. 20. In August, Biden raised $154 million than Trump, $365 million to $210 million.w
The enormous September fundraising haul for Biden, powered by more than $203 million from online donors, is the latest windfall for the Democratic campaign as it roared ahead of Trump's political machine this fall. It's a role reversal from the spring, when Trump started the general election with a nine-figure head start over the former vice president. But Biden’s fundraising pace over the last several months, jump-started in August by his selection of Kamala Harris as his running mate, has helped him gain the money edge.
https://www.bloomberg.com/news/articles/2020-10-01/biden-campaign-sets-second-monthly-fundraising-record
Biden raised whopping $383M in September
By ELENA SCHNEIDER
10/14/2020 09:52 PM EDT
Joe Biden announced Wednesday evening that his campaign and affiliated committees raised $383 million in September, breaking a record he had just set the prior month as his campaign continues to ride a surge of online donations.
Biden, the Democratic National Committee and the campaign's joint fundraising committees started the final 34 days of the campaign with $432 million in the bank, Biden campaign manager Jen O'Malley Dillon tweeted.
President Donald Trump's campaign and the Republican National Committee have not yet released their fundraising totals for September, though they must file campaign finance reports for the month by Oct. 20. In August, Biden raised $154 million than Trump, $365 million to $210 million.w
The enormous September fundraising haul for Biden, powered by more than $203 million from online donors, is the latest windfall for the Democratic campaign as it roared ahead of Trump's political machine this fall. It's a role reversal from the spring, when Trump started the general election with a nine-figure head start over the former vice president. But Biden’s fundraising pace over the last several months, jump-started in August by his selection of Kamala Harris as his running mate, has helped him gain the money edge.
https://www.bloomberg.com/news/articles/2020-10-01/biden-campaign-sets-second-monthly-fundraising-record
So now the solicitations that I have gotten have come down to the DNC begathons because damned sure the Biden/Harris campaign coffers are chock full with less than 2 weeks before the election. And due to the coronavirus nightmare, our candidates aren't doing all the huge rallies and travel that they would have normally done to even spend some of that money. They have (thankfully) saturated the broadcast media (TV, radio) and internet media with ads. Hell... they could fund campaign staff at every swing state polling place in the country. That's why the opposition has stepped up doing crazy shit to get "free campaign advertising" from rapt mainstream media Because. Ratings.
