Browsing the blog archivesfor the day Monday, June 20th, 2016.


Is The Donald Going Broke?

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Bad Hair, Republican Party

Trump’s presidential candidacy appears to be imploding before it has officially started. This morning he fired his campaign manager, Corey Lewandowski, who hasn’t been doing much managing. According to Gabriel Sherman at New York magazine, Lewandowsky’s ouster was something of a coup orchestrated by three Trump offspring, Ivanka, Eric, and Don Jr.

Scripts for an HBO original film about Donald Trump’s failed presidential campaign are already being written. I can smell it.

But the bigger mystery is, where is the money? Trump’s campaign seems to be out of it. At the end of the last reporting period, Hillary Clinton’s campaign had $30 million in hand; Trump’s  had $2.4 million. And he doesn’t seem terribly interested in raising more.

John McQuaid writes at Forbes that Trump not only doesn’t bother about fundraising; he wants the Republican National Committee to do his fundraising and campaign organizing for him. But that’s not what the RNC is for, and if they have to take on that job it will reduce resources for doubt-ballot candidates.  McQuaid continues.

Trump’s campaign is based on the vague, grandiose notion of “winning.” He’s a winner who will help us all win. We will stop losing to immigrants and terrorists and China and Mexico and then will be so much winning we won’t be able to stand it. There are two pieces of evidence for this: Trump is ahead in the polls and he’s fabulously wealthy. He could keep the illusion going during the primaries. But now, as every day brings more bad news, the first is gone. If the second is falsified, it all collapses. So if there is literally nothing – or at least, much less than $10 billion – at the center, that is something that he would feel compelled to conceal no matter what.

This informational black box at the center of a major party candidacy is extraordinary.

We’ve been asked to trust and believe in Trump because he is a genius moneymaker and manager. Yet he appears to be in the process of committing campaign suicide, in part because he has no money and no managerial talent.  As citizens, we should know whether he’s lying about his wealth. We do know he’s either stupid, or not anywhere as rich as he wants us to believe, or – probably – both.

Many people are pointing out that if Trump really is worth $10 billion, as he claims, then coughing up a few tens of millions to keep his campaign going shouldn’t be that much of a stretch.  Last year Forbes estimated he was really worth only about $4.5 billion. But even then, he ought to be able to throw $30 million into the pot to keep up with Hillary, you’d think.

But he doesn’t appear to be doing that. Josh Marshall writes,

Even if Trump can’t not be Trump, the damage of being Trump could at least be off-set by pouring money into advertising in key swing states and field work. But at this moment, the Clinton campaign (and pro-Clinton superPACs) is rolling out a barrage of targeted swing state advertising focused on solidifying and embedding the highly negative image Trump has built for himself over the last year and especially the last eight weeks. That advertising is going entirely unanswered by the Trump campaign. Trump’s been reduced to making emergency appeals to raise $100,000. …

…So it all comes down to, where’s the money? We tend to look at Trump’s threadbare campaign as a product of epic disorganization or the candidate’s mercurial personality. But as the mammoth tv ad campaigns ramp up unanswered and field operations fail to materialize, those explanations are really no longer sufficient.

Assuming Trump really is worth some number in the billions of dollars, it makes no sense for him to get this close to the presidency and then get stingy.  Josh says he has loaned his campaign over $40 million already, but what’s another $40 million when you’ve got billions?

I keep saying that Clinton is going to win. One of the reasons I keep saying that is that it’s been evident for some time that Trump has nothing even approaching a national presidential campaign organization

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