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Trump’s 2020 fundraising numbers sound big – but they’re actually a terrible sign for him

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- Commentary

President Donald Trump is the first president in history to file papers to run for re-election on the day he was sworn in to office. That allowed him to set up a re-election campaign right away, and to use the Office of the President as a fundraising prop, something he loves to do.

For example, on Wednesday the President traveled to Texas, where he held not one, not two, but three campaign events – including a fundraising dinner.

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But tucked in between all those campaign events, was this entry on his official schedule: “The President delivers remarks and signs an Executive Order on Energy and Infrastructure.”

That allowed him to hand taxpayers the bill for some of his trip.

Sunday night and Monday morning headlines heralded Trump’s fundraising prowess:

“The Trump campaign amassed a vast $30 million reelection war chest at the start of 2019, as much as the top 2 Democratic challengers combined,” Business Insider wrote.

Trump Raises $30 Million in First Quarter, Smashing Democratic Numbers,” New York Magazine touted.

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Trump of course should be raking in the dough. He’s been running for over two years now, and has a full and experienced team in place.

But is $30 million historic? Incredible? A great sign for Trump’s re-election prospects?

Not according to CNBC’s chief Washington correspondent, John Harwood, a man who knows numbers and politics.

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(And by the way, President Barack Obama didn’t launch his re-election bid until April 4, 2011. Q2 of 2011 would be April, May, and June.)

Trump’s had two years, a full team, and only took in $30 million?

As the headlines say, that $30 million is “as much as the top 2 Democratic challengers combined.” But don’t forget, there are 18 announced Democratic challengers. That’s a lot of competition. And many Democrats may be waiting to donate until the field narrows down a bit, or until everyone has announced.

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$30 million may sound like a lot, but $45 million sounds like a lot more.

Sometimes, like in fundraising and in crowd size, size does matter:

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There’s no respite from Trump’s vindictiveness and foolishness

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As we know, even in the midst of a national emergency, Donald Trump could find time and bandwidth to continue his retribution campaign.

He dismissed Michael Atkinson, the inspector general for the intelligence agencies, for doing “a terrible job,” satisfying his own thirst for vengeance for anyone who actually adhered to law and practice over blind loyalty to Trump himself. Indeed, asked about it the next day, Trump underscored his action by saying, Atkinson “was no Trump supporter, that I can tell you.”

It was an act that we once would have labeled corruption, by Democrats and Republicans – that is using the office for personal purposes – if Congress and too many Americans had not since become inured by so many like instances.

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This is ‘good’ news: The Federal Reserve is saving a lot more American jobs than we are losing

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Bailing banks out? Again? Really?

Trillions of dollars provided by the Federal Reserve to keep banks out of trouble should sound familiar and it's an anger trigger for many.

During the Great Recession, the mighty Fed reached out with greenback-stuffed lifesavers for the giant financial institutions whose misfeasance, malfeasance and nonfeasance brought on the calamity. While Too-Big-to-Fail bank executives pocketed multi-million-dollar bonuses in 2008 as Mother Jones, CBS News and others documented, millions of regular folks lost their homes despite promises of help that turned out mostly to be hollow.

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Ted Cruz gets slammed over his claim that reporters are ‘giddy with glee’ over coronavirus disaster

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Sen. Marco Rubio of Florida was recently lambasted by journalists after claiming that the mainstream media “can’t control their glee” over the coronavirus pandemic. And Sen. Ted Cruz of Texas is being slammed for making similar comments on Twitter as well as on Laura Ingraham’s Fox News show “The Ingraham Angle.”

Appearing on “The Ingraham Angle” on Monday night, Cruz told Ingraham, “You see, much of the mainstream media trying to root for disaster. They are rooting for this pandemic to be worse and worse.”

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