President Donald Trump’s re-election campaign’s fundraising efforts have surpassed $1 billion since 2017 but now, the vast majority of that money is gone as speculation rises about the true financial state of Trump’s campaign.
Over the last several months, Trump has made several high-dollar political advertising decisions that have cost his campaign greatly. From the staggering $10 million-dollar Super Bowl ad during the primary while several Democratic presidential candidates were still in the race to using his campaign funds to cover the cost of excessive legal fees for his impeachment and war on mail-in voting, Trump has shelled out exorbitant amounts of money.
Many of Trump’s campaign advisors and aides also turned heads with their own pricey purchases. In addition to purchasing a lavish $2 million-dollar home in Florida, Trump’s former campaign manager Brad Parscale is said to have taken more than $40 million while running the campaign.
According to Huffington Post, financial reports also revealed a string of limited liability companies (LLCs) formed to conceal more than $310 million in campaign spending in an effort to keep the expenditures from being disclosed.
Now, there is one question looming over the president’s campaign: is the president’s re-election campaign going broke? As Democratic presidential nominee Joe Biden continues to break fundraising records, the Trump campaign appears to be cash-strapped, according to multiple reports. The publication also reports some of Trump’s campaign aides “privately acknowledge they are facing difficult spending decisions at a time when Democratic nominee Joe Biden has flooded the airwaves with advertising.”
With just two weeks left until the election, Trump is putting more time into traveling to rallies to connect with voters than spending on political ads and other forms of advertising. Mike Murphy, a veteran Republican consultant and Trump critic. weighed in with his take on why Trump is likely so focused on rallies.
“They spent their money on unnecessary overhead, lifestyles-of-the-rich-and-famous activity by the campaign staff and vanity ads way too early,” said Murphy. “You could literally have 10 monkeys with flamethrowers go after the money, and they wouldn’t have burned through it as stupidly.”
Travis Ridout, co-director of the Wesleyan Media Project, also expressed concern as he claimed the financial woes appear to be a bad sign for the president’s re-election campaign.
“Advertising obviously isn’t everything. But we do think ads matter for a couple percentage points in a presidential race. And it’s just not a good sign for the Trump campaign,” Ridout, who traces advertising statistics, said.
“We have more than sufficient air cover, almost three times as much as 2016,” he told reporters Monday.
The GOP ‘fundamentals’ are the same as 20 years ago — and they’re ‘running short on competence’: columnist
The Republicans in charge today may be different in some cases than the ones who ran it 20 years ago, but not much else has changed according to The Washington Post's James Downie.
"In the span of an hour, CNN’s State of the Union featured both new and old faces of the Republican Party. First, host Dana Bash interviewed Sen. Roy Blunt, who has held elective office from Missouri for most of the past 35 years. Then she welcomed Nicole Malliotakis (R-NY) and Nancy Mace (R-SC), both newly elected members of the House. Though all three looked very different, they sounded much the same," Downie wrote on Sunday evening.
Trump lashes out at ’60 Minutes’ interview with ex-cybersecurity chief using more false conspiracy theories
President Donald Trump apparently watched the "60 Minutes" interview with Chris Krebs, former director of the Cybersecurity and Infrastructure Security Agency.
According to Krebs, the election was the most secure election in history, and none of Trump's claims of fraud are valid. He explained that there would have been a huge difference in votes during the recount if there was fraud. There are not.
Trump’s ex-election security official attacks Giuliani for ‘apparent attempt to undermine confidence in the election’
President Donald Trump and his legal crew of misfit attorneys have waged 39 lawsuits to overturn the 2020 election. All but one of them has been laughed out of court. Trump and his attorney, Rudy Giuliani, have continued going to court in an attempt to get a legal challenge to the U.S. Supreme Court. Trump also fired his cybersecurity czar responsible for securing the election after refusing to corroborate the story that the election was stolen.
In an interview with "60 Minutes," Chris Krebs, former director of the Cybersecurity and Infrastructure Security Agency, explained that Giuliani and Trump are apparently attempting "to undermine confidence in the election, to confuse people, to scare people.”