Throughout the course of the primary elections, Trump supporters praised the now-presumptive Republican nominee’s ability and willingness to reject outside money and instead self-fund his own presidential campaign. Trump’s freedom to not be beholden to large corporate donors or interest groups struck a chord with voters across the country who suggest that the nominee can implement policies that are good for all of America and not just those at the top of the financial ladder. Trump would often refer back to this freedom when comparing himself to other rival candidates, pointing to how much money he has to fund his own campaign while condemning others for taking money from large donors. However, the latest FEC report shows that, despite Trump’s boasts about his wealth and ability to self-fund, the campaign is almost under water, financially speaking.
According to the filing, Trump’s campaign has roughly $1.3 million on hand, which is an incredibly small war chest for a viable presidential campaign. For some context, Clinton’s campaign has approximately $42.5 million in the bank. What’s more is that Trump was only able to raise $3.1 million in the past month, which is miniscule when viewed next to Hillary’s campaign and allied Super PAC that have already accumulated upward of $300 million in funding.
Politico breaks down the campaign’s expenses and reveals some serious issues in the campaign’s ability to prioritize election-winning strategies over trivial items. “The biggest expenditures included $350,000 for the use of Trump’s private jet; $493,000 to rent Trump facilities such as Mar-A-Lago, the Trump winery and two of his golf clubs; and $208,000 on hats. By comparison, the campaign spent only $48,000 on data management and $115,000 on online advertising.” Additionally, Trump’s team is only a tenth of the size of Hillary’s, which is giving Republicans even more concern that Trump’s chances to win the White House are rapidly declining. “The May FEC report showed just 69 people on payroll, to Clinton’s 685. And the Trump campaign’s spending offered no signs that it is building a national campaign infrastructure.”
Trump had originally claimed that he would raise upward of $300 million for his campaign and even once floated out a $1 billion figure. So much for that.
Is Trump’s campaign in serious trouble?