New York Times broke reporting that confirms scandal-plagued former President and 2024 Republican presidential frontrunner Donald Trump is being forced to cut back on his beloved, big campaign rallies — one of Donald’s most favorite pastimes — because he’s running extremely low on cash compared to his Democratic incumbent counterpart and he’s not seeing much success in getting fat checks cut in his name from the big money guys.
Recent filings have shown that sitting President Joe Biden and his fellow Democrats headed into February with a war chest sitting comfortably around $130 million. Trump, on the other hand, while he unsurprisingly did not release his complete numbers, only showed a combined $40 million, and that’s with cash from the RNC lumped in, leading the Times to report that the former president and his prospects of reelection are facing a “perilous” stage.
Maggie Haberman and Shane Goldmacher co-authored the new report that confirms Trump is holding a slew of donor meetings at his Mar-a-Lago golf resort and post-White House personal residence, in an effort to basically beg his supporters to open up their hearts and their checkbooks to him, asking that they increase their already sizeable donations during his desperate time of need.
“Despite years of professing massive wealth and boasting of his desire to ‘drain the swamp,’ the deeply transactional former president is leaning yet again on the cash of others, turning Mar-a-Lago into a staging ground for billionaires and others with their own agendas,” Haberman and Goldmacher write for the Times, adding, “In a sign of the Trump orbit’s urgent need for cash, at least two donors who made seven-figure pledges to support Mr. Trump this year were nudged to see if they could cut an eight-figure check — meaning $10 million or more — instead, according to a person familiar with the request.”
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This lack of cash flow is already hitting the Trump campaign where it hurts, with advisors making cuts where they can as NYT reports that the former president appears slated to do a lot of his campaign events in the near future in his home base state of Florida instead of hitting the roads across the country and eating the massive costs that come with that.
“For now, the Trump operation is ramping up its program for bundlers of midsize donations and planning to conserve cash costs by holding fewer rallies than they did at the end of the primary season,” the new report reads.
The Times goes on to add that Trump is personally “concerned about the fund-raising gap” between himself and President Biden, adding that the big money donors Donald so desperately needs right now are “hesitant” to cut multi-figure checks to the former president, because they fear that money won’t actually be used for any campaigning, but rather just serve to foot a portion of Trump’s ever-mounting legal bills.
Further, the Times reports that many donors just don’t want to have their names publicly associated with the scandal-plagued former president.
“Some Republican donors have emphasized that wealthy contributors may write large checks, but they often don’t want to see that fact disclosed, given the controversy that attaches itself to Mr. Trump. A number of donors faced public blowback in 2016 for their support.”
You can read the full report from the New York Times here.
Featured image via Political Tribune Gallery
