Trump campaign faced with 'startling weakness' in scramble for cash: report
Donald Trump and his affiliated PAC's may be raking in hundreds of millions of dollars with the November presidential election less than six months away, but approximately only a third is going to his campaign with a staggering amount being funneled elsewhere.
According to a comprehensive analysis by Politico, Trump's legal woes are "soaking up" a stunning amount of the dollars taken in with the costs of raising even more money coming in second, far ahead of campaign expenditures.
Meanwhile, President Joe Biden's campaign is stockpiling millions for the campaign's final days.
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As Politico's Jessica Piper wrote, "Donald Trump’s political operation had a startling weakness as the general election kicked off this year: He had been spending money almost as quickly as he was raising it, leaving him at a significant cash disadvantage against President Joe Biden," adding that things have not gotten much better.
Pointing out that Trump’s "complicated web of political committees spent roughly $217 million through March" the report notes that the former president is basically running in place by bringing in "a bit shy of $220 million in new contributions."
What should alarm those in Trump World is the fact that Trump's Save America PAC "spent more than Biden’s joint fundraising committees — while raising less."
"Put simply: Biden raised more money, spent less of it on fundraising and none on legal costs, saved more, and has more waiting to hit his campaign bank account than Trump did," Piper summed up before adding that Trump's campaign may see a little boost with the takeover by his allies of the Republican National Committee.
That, in turn, could be offset by the threat that some of Trump's legal funding may dry up.
"The leadership PAC could receive only $2.75 million more from MAGA Inc. after March. Save America may still be owed some money from Trump Save America, the joint fundraising committee, although that would likely amount to only a few million dollars. Once those refunds dry up, and all the remaining money is sent, it’s unclear whether Save America will have the ability to keep spending on legal bills," she reported.
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