Trump is barreling toward a 'financial disaster' as small donors bail on him: MSNBC host

Reacting to plans by Donald Trump to insert his daughter-in-law into the Republican National Committee's leadership, combined with a report that the former president's small donor base has dramatically collapsed, one of the MSNBC "Morning Joe" co-hosts said the former president and the GOP are headed off a cliff.

After watching a clip of Lara Trump, the wife of Eric Trump, talk about using the RNC to make sure her father-in-law gets re-elected as her primary goal, MSNBC's Willie Geist agreed with Joe Scarborough that a new "grift" is afoot.

Geist also asserted the former president is finding out that a substantial number of his fans are no longer willing to pay his legal bills.

"He's a self-proclaimed billionaire who is asking working class people to chip in $5, $10, $20 to pay his legal bills for alleged crimes he committed, " Geist told the "Morning Joe" panel. "We thought he had all this money. We thought his beach club was worth $100 million. He lives on 5th Avenue, he has a plane, all that stuff. You're right, Joe, this is a racket."

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"So Lara Trump, looks like, will be put, at least if she's not the head of the RNC, she'll be the co-head of the RNC," he continued. "It is a family business, she'll do whatever he says just like Congress does what he says. she's literally a member of the family."

"They can dig deeper down this hole, Joe, and they can keep playing to the 10, 15, 20 percent and they can keep thinking and taking for granted all of their voters," he elaborated. " I guess thinking they're dumb enough to think they should be giving their money away and flushing it down the toilet like this. but they're going to do it. There are enough people, as you cited in that 'Financial Times' report, that he has 200,000 fewer donors this time around than he did four years ago, for this very reason. They don't want to give money to pay his legal bills."

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"By the way, his campaign and PACs are burning through money way faster than they're raising it. Financially, this is a disaster that they appear to want to continue, " he added.

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