Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

BootinUp

(47,138 posts)
Tue Jun 21, 2016, 10:46 PM Jun 2016

Yep, Definitely a Billionaire

ByJosh MarshallPublishedJune 21, 2016, 9:59 PM EDT

Donald Trump tonight sent out what he describes as "the first fundraising email I have ever sent on behalf of my campaign." And he's going to make sure it's historic by "by personally matching every dollar that comes in WITHIN THE NEXT 48 HOURS, up to $2 million!"

You got that right, Trump is willing to put as much as $2 million of his own money into his campaign (though no word whether this is a contribution or a loan). Email after the jump.

http://talkingpointsmemo.com/edblog/yep-definitely-a-billionaire

3 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Yep, Definitely a Billionaire (Original Post) BootinUp Jun 2016 OP
For a billionaire he is a cheap mofo n/t doc03 Jun 2016 #1
Not hard to imagine his stupid kids sitting around the table The_Casual_Observer Jun 2016 #2
On one of the shows tonight they blasted Trump's "self funded campaign" csziggy Jun 2016 #3
 

The_Casual_Observer

(27,742 posts)
2. Not hard to imagine his stupid kids sitting around the table
Wed Jun 22, 2016, 12:28 AM
Jun 2016

Coming up with this "strategy". These people "own" a lot of real estate that is highly leveraged held by banks and investors. They don't have the cash to be doing any of this shit.

csziggy

(34,135 posts)
3. On one of the shows tonight they blasted Trump's "self funded campaign"
Wed Jun 22, 2016, 12:50 AM
Jun 2016

Yes, he put up the money for his primary run - as LOANS to the campaign. Plus much of the money was spent at venues owned by Trump companies. I think they said he even charged his campaign for use of his jet.

I'm pretty sure this was on MSNBC, maybe on Lawrence O'Donnell but I have no link for today's coverage.

Here is an older article about this:

Trump Campaign Could Use New Donations to Pay Donald Trump $36M for Loan
by Ari Melber
May 13 2016, 8:06 am ET

<SNIP>

After this article was published Friday, Trump said he is ruling out the possibility, telling MSNBC, "I have absolutely no intention of paying myself back for the nearly $50 million dollars I have loaned to the campaign." Trump's estimate appears to include additional money he loaned the campaign that has yet to be filed with the FEC, and he told MNSBC all of the loans are "a contribution made in order to 'Make America Great Again.'"

The Trump campaign has not actually converted the loans into a contribution, according to the FEC. After this article was published Friday, aides told msnbc they expect to make that formal change "in the near future."

Legally, Trump has the option of recouping any or all of the money he spent on the primaries.

<SNIP>

The rest of his personal spending is structured as a loan to the campaign, which now owes Trump $35.9 million.
More: http://www.nbcnews.com/politics/2016-election/trump-campaign-may-use-new-donations-pay-donald-trump-36-n573291
Latest Discussions»Retired Forums»2016 Postmortem»Yep, Definitely a Billion...