Trump campaign's coffers shrink in September; Biden has cash advantage

[webfact]

Trump campaign's coffers shrink in September; Biden has cash advantage

By Jason Lange and Grant Smith

 

A supporter of U.S. President Donald Trump holds a flag as he arrives to wait in line to attend his campaign event at Erie International Airport in Erie, Pennsylvania, U.S. October 20, 2020. REUTERS/Brendan McDermid

 

 

 

WASHINGTON/NEW YORK (Reuters) - President Donald Trump's re-election coffers shrank in September as he fell behind Democratic challenger Joe Biden in the campaign's money race, putting him at a disadvantage in the final weeks before the Nov. 3 election.

 

In a financial disclosure filed on Tuesday night with the Federal Election Commission, the Trump campaign said it had about $63 million in the bank at the end of September after spending about $139 million that month.

 

A month earlier, the Trump campaign reported having $121 million in cash.

 

Biden's campaign has yet to report its cash holdings at the close of September. But the former vice president's campaign said this month that together with the Democratic Party, it had $432 million in the bank.

 

Trump and his Republican Party had just $251 million in the bank, his campaign manager said this month.

 

Biden has held a significant lead over Trump in national polls for months, although Reuters/Ipsos polling shows a somewhat closer race in the battleground states likely to decide the winner.

 

Trump has fallen far behind the Democrat in recent months at fundraising and spending. Trump spent less than $56 million on television and radio advertising in September, compared with nearly $148 million by Biden, according to Advertising Analytics LLC, a market research company.

 

Including online ads, the president's campaign spent at least $91 million on advertising in September, according to the disclosures filed on Tuesday.

 

(Reporting by Jason Lange and Grant Smith; Editing by Sandra Maler, Peter Cooney and Gerry Doyle)

 

-- © Copyright Reuters 2020-10-21

 

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[Chomper Higgot]

Time for Trump to make good on his promise to put his own money into his campaign.

[Matzzon]

Yes! 

By the way. That guy with the flag on the picture, looks quite lonely. 

[2 is 1]

3 minutes ago, Chomper Higgot said:

Time for Trump to make good on his promise to put his own money into his campaign.

He dont have any, don't even have money to pay tax! Republican Party have less money coz all know they policy is one for me , other to friend and what is left can give where it belongs!

[J Town]

7 minutes ago, Chomper Higgot said:

Time for Trump to make good on his promise to put his own money into his campaign.

WHAT money?!?  ????

[2 is 1]

3 minutes ago, Matzzon said:

Yes! 

By the way. That guy with the flag on the picture, looks quite lonely. 

He try find hes friend's in Texas! All hes friends are building the WALL so they can't join "rally" whit him!

[worgeordie]

Maybe Russia will lend him some more money,or the oligarchs are

going to lose a good friend ????

 

regards Worgeordie

[thaibeachlovers]

Is there anyone in the US that hasn't made their mind up already? I see no point in ads any more.

[candide]

He cannot ask Exxon any more! ????

Trump told the rally: “Don’t forget, I’m not bad at that stuff anyway, and I’m president. So I call some guy, the head of Exxon. I call the head of Exxon. I don’t know.”

Trump went on to describe a hypothetical conversation: “How are you doing? How’s energy coming? When are you doing the exploration? Oh, you need a couple of permits?”

“When I call the head of Exxon I say, ‘You know, I’d love (for you) to send me $25 million for the campaign.’ ‘Absolutely sir,’” Trump added.

 

https://www.reuters.com/article/usa-election-trump-exxon-mobil-idUSKBN2750CN

[dabhand]

Maybe he will need to dip into his CHina bank account.

 

https://www.bbc.com/news/business-54625422

[Tie Dye Samurai]

42 minutes ago, Chomper Higgot said:

Time for Trump to make good on his promise to put his own money into his campaign.

Maybe he can get Mexico to pay for that too...

[2 is 1]

11 minutes ago, dabhand said:

Maybe he will need to dip into his CHina bank account.

 

https://www.bbc.com/news/business-54625422

Yeah he has pay much more tax in China than in US according to NY Times!

Edited October 21, 2020 by 2 is 1

[Chomper Higgot]

49 minutes ago, thaibeachlovers said:

Is there anyone in the US that hasn't made their mind up already? I see no point in ads any more.

Campaign money gets spent on a lot more than just advertising, including face to face canvassing, helping people register for their ballot and transport to and from the polls.

 

Trump’s campaign have gone further, redirecting campaign donations into the pockets of the Trump family members.

[Lacessit]

1 hour ago, Chomper Higgot said:

Time for Trump to make good on his promise to put his own money into his campaign.

With $421 million in debt coming due, I'd suggest he'd be better off taking what's left and running. It would still buy a lot of plastic surgery.

[bendejo]

Well, he had a 1 billion $$ war chest.  There is speculation of where it went.

https://www.businessinsider.com/trump-campaign-spent-1-billion-2020-election-president-politics-finance-2020-9

 

But there is suspicion that via a money laundering initiative DT pocketed a good chunk of the spoils, and the guy who ran that was Brad Parscale.  It looks like the scam has started to stink and brother Brad realized he is the patsy.  He went through a major freakout a few weeks ago.

https://www.pilotonline.com/nation-world/fl-ne-brad-parscale-suicide-attempt-saved-by-cop-friend-20200928-n37ehv2jrjexrddjo3hx5fkdyi-story.html

Also noteworthy IMO is how the media, both the actual news and Fox, have been pretty quiet on this.  I would think someone who was in the inner-circle of presidential campaign suddenly going off on a drinking binge and threatening suicide should be relevant to something interesting, no?

Another one to keep an eye on for possible membership in the sticky fingers club is K. Guilfoyle.

 

 

[Baerboxer]

2 hours ago, worgeordie said:

Maybe Russia will lend him some more money,or the oligarchs are

going to lose a good friend ????

 

regards Worgeordie

 

If the Russians think of funding Trump, will they be able to match the millions, or maybe billions, China has to fund the Bidens?

 

Not a good time to be an American.

[OneMoreFarang]

It's sad that money is an issue at all.

Everybody in the USA who follows the news should know that Trump is unfit for the office. And billions of USD don't change that fact.

[JCauto]

Why are there no Trumpeters here advocating for campaign finance reform? I mean, surely this is why we need to get money out of politics right? Unfair advantage for the side with more money! Undue influence from the funders! Influence from foreigners who contribute money illegally or influence the election! 

We're together on this, right?

[thaibeachlovers]

33 minutes ago, JCauto said:

Why are there no Trumpeters here advocating for campaign finance reform?

I wonder why, not.

[Berkshire]

1 hour ago, Baerboxer said:

 

If the Russians think of funding Trump, will they be able to match the millions, or maybe billions, China has to fund the Bidens?

 

Not a good time to be an American.

Boy, you guys like throwing false accusations around.  But it's just come out that Trump has had much more dealings with the Chinese than Biden ever had....

 

[It is difficult to determine from the tax records precisely how much money Mr. Trump has spent trying to land business in China. The records show that he has invested at least $192,000 in five small companies created specifically to pursue projects there over the years. Those companies claimed at least $97,400 in business expenses since 2010, including some minor payments for taxes and accounting fees as recently as 2018.]

[But Mr. Trump’s plans in China have been largely driven by a different company, Trump International Hotels Management — the one with a Chinese bank account.]

 

https://www.msn.com/en-us/news/politics/trump-records-shed-new-light-on-chinese-business-pursuits/ar-BB1aekIG

 

[Sujo]

3 hours ago, thaibeachlovers said:

Is there anyone in the US that hasn't made their mind up already? I see no point in ads any more.

And superspreader rallies.

[Sujo]

1 hour ago, Baerboxer said:

 

If the Russians think of funding Trump, will they be able to match the millions, or maybe billions, China has to fund the Bidens?

 

Not a good time to be an American.

Any evidence of the china billions to biden?

[Silurian]

Great article about where Donald's campaign money went.

 

Where did the Trump campaign's $1 billion go? A GOP strategist said, "You could literally have 10 monkeys with flamethrowers go after the money, and they wouldn't have burned through it as stupidly."

 

One of my favorite parts. Spending on TV ads in the DC area to stroke Donald's massive ego.

 

Quote

Arguably the best example of poor spending decisions is the fact that the president's re-election campaign spent $1.6 million on television ads in the Washington, D.C., media market -- not because Team Trump seriously expected to compete in the Democratic stronghold, but because the campaign team knows the president watches a ridiculous amount of television from the White House.

 

Edited October 21, 2020 by Silurian

[Isaan sailor]

Money’s nice, but doesn’t necessarily win elections.  In 2016, Hillary Clinton spent almost twice as much as Donald Trump (according to CNBC).  And we all know how that turned out.

Better to look at crowd sizes.  Huge rallies for President Trump, larger than in 2016.

[dunroaming]

4 hours ago, thaibeachlovers said:

Is there anyone in the US that hasn't made their mind up already? I see no point in ads any more.

Ads are for those who haven't made their mind up yet and they will make all the difference when it is a close call.  In the meantime Trump doing his bit on the campaign trail, cutting his rally short in Eerie Pennsylvania saying "Nobody wants me" and storming out of an interview with CBS (60 minutes). 

 

Maybe he thinks his supporters admire him for his infantile tantrums?

[heybruce]

3 hours ago, candide said:

He cannot ask Exxon any more! ????

Trump told the rally: “Don’t forget, I’m not bad at that stuff anyway, and I’m president. So I call some guy, the head of Exxon. I call the head of Exxon. I don’t know.”

Trump went on to describe a hypothetical conversation: “How are you doing? How’s energy coming? When are you doing the exploration? Oh, you need a couple of permits?”

“When I call the head of Exxon I say, ‘You know, I’d love (for you) to send me $25 million for the campaign.’ ‘Absolutely sir,’” Trump added.

 

https://www.reuters.com/article/usa-election-trump-exxon-mobil-idUSKBN2750CN

Apparently Trump also has a speech "impediment"; he's incapable of shutting up and must say any idiotic thing that enters his head.

[spidermike007]

Even his supporters are watching him unravel. And the ugly talking points and gutter brawls that worked so well in 2015 and 2016, are completely ineffective in 2020. And the dinosaur cannot dance on his feet.

 

Talk about egg in his face. After all the dismissal of it being a little flu, Trump catches Covid and ends up in the hospital, and becomes a super spreader. At a minimum, it derails his campaign, and makes him look incredibly dumb. He is not a healthy man. Just in the past year his steadiness and stamina seems to have declined remarkably. Notice how he is nearly always holding onto something, to keep himself propped up? Notice him becoming even less coherent than usual? I have. 

 

The President's return to the campaign trail coincided with rising alarm among Republicans about Trump's sliding poll numbers and after CNN reported that Senate Majority Leader Mitch McConnell recently warned Democrats are "on fire." Biden on Monday seized on the start of confirmation hearings from Trump's Supreme Court pick Amy Coney Barrett to warn that the GOP was ramming through the nomination in a last ditch bid to destroy the Affordable Care Act.

 

The he rants like this? "I feel so powerful, I'll walk into that audience. I'll walk in there, I'll kiss everyone in that audience," Trump said in Sanford, Florida, showing his illness did not teach him to respect his own government's pandemic guidelines. "I'll kiss the guys and the beautiful women and the -- everybody. I'll just give everybody a big, fat kiss."

 

Hold those kisses big boy. You are the last person on earth we want a kiss from. Even Melanie says NO WAY!!!! 

 

[earlinclaifornia]

I shake my head in sorrow every time  head the supporter explaining how they voted for him because of what a businessman he is. Not realizing he blew a billion dollars trying to get elected. You need to realize what the outcome of bankrupting is

[Silurian]

3 hours ago, dunroaming said:

Ads are for those who haven't made their mind up yet and they will make all the difference when it is a close call.  In the meantime Trump doing his bit on the campaign trail, cutting his rally short in Eerie Pennsylvania saying "Nobody wants me" and storming out of an interview with CBS (60 minutes). 

 

Maybe he thinks his supporters admire him for his infantile tantrums?

 

Donald didn't want to go to Erie. He didn't even want to be there. Melania didn't even bother to show up claiming some lingering COVID-19 symptom excuse. Yeah, what a way to treat a valuable swing state. It is like Donald isn't even trying anymore.

 

Trump told a rally crowd in swing-state Pennsylvania that he was only there because of how badly his campaign is going

 

Quote

"Before the plague came in, I had it made. I wasn't coming to Erie. I mean, I have to be honest, there was no way I was coming," Trump said Tuesday night.

 

 

[Chomper Higgot]

5 hours ago, Baerboxer said:

 

If the Russians think of funding Trump, will they be able to match the millions, or maybe billions, China has to fund the Bidens?

 

Not a good time to be an American.

The funnel of money between China and Trump is being widely reported while you continue trolling your ‘but but Biden’ imaginations.