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Biden money and fundraising versus Trump money and fundraising

F

F1fan

Veteran Member
The Biden campaign has revealed that they raised $42 million in January, a record amount for any presidential candidate in history. Biden/Harris reports having $130 million in their campaign coffers. The DNC reported in late December that they have $20 million.


Trump reports about $33 million, but much of his money raising has gone toward legal bills, and more is to come.

On the Republican side the RNC states about $10 in their account, with Ronna McDaniel planning to resign her post and leader. Trump daughter-in-law Lara Trumpis slated to take over and focus on fundraising. There is some speculation that this effort to raise money will be directed to pay for Trump's legal costs, which would be tricky to do and likely criminal.

Nikki Haley has about $18 million and is still raising money from donors as an option to Trump. Her challenge to Trump doesn't appear to be making any ground as her home state of South Carolina's primary is coming soon.

time.com

5 Takeaways from the New Campaign Finance Filings

Trump’s PAC burned $50 million on legal expenses in 2023.
time.com time.com

Does this suggest the momentum is with Biden?

Will big donors hesitate to support Trump if their money is going to be used to pay his fines and legal bills instead of competing with Biden?

Are Trump's supporters coming close to being tapped out of donating?

Should Trump just sell some properties to pay off his fines and legal costs, and use fund raising cash to compete?
 
Jayhawker Soule

Jayhawker Soule

-- untitled --
Premium Member
F1fan said:
So you don’t think Trump’s legal issues is a problem for his campaign and fundraising?
Click to expand...
Clearly it's a potential problem. I, for one, would much rather defeat Trump by defeating the MAGA movement, but perhaps that's too much to ask.
 
F

F1fan

Veteran Member
Jayhawker Soule said:
Clearly it's a potential problem. I, for one, would much rather defeat Trump by defeating the MAGA movement, but perhaps that's too much to ask.
Click to expand...
I see the MAGA movement as similar to creationism. Reasoning, facts, information, debate goes nowhere with these folks. They have their own resources to use that won’t go away until the personalities of MAGA are brought down or die.
 
PureX

PureX

Veteran Member
F1fan said:
Will big donors hesitate to support Trump if their money is going to be used to pay his fines and legal bills instead of competing with Biden?
Click to expand...
No. The big donors don't really care who wins an election. They just want to be on record as having donated a big pile of cash to the winner so the winner knows he/she is beholding to them, whomever it is. In fact they almost always donate to both sides of the election, with the bigger share goig to the most likely winner. They are just playing the odds so that no matter who wins, they win.
F1fan said:
Are Trump's supporters coming close to being tapped out of donating?
Click to expand...
No according to P. T. Barnum.
F1fan said:
Should Trump just sell some properties to pay off his fines and legal costs, and use fund raising cash to compete?
Click to expand...
Why would he if he can get someone else to pay?
 
F

F1fan

Veteran Member
After the SOTU speech Biden got $10 million in donations in 24 hours, showing good momentum over the republicans who spread disinformation about him.

Meanwhile Trump is appealing to billionaires to prop up sagging small donor money. His gofundme has stalled at $1.3 million.

www.forbes.com

Trump Scores New Billionaire Donors As Campaign Seeks Badly Needed Cash, Report Says

A boost in financial support comes as Trump is behind President Joe Biden’s fundraising efforts.
www.forbes.com www.forbes.com

Trumps finances are a mystery since he had to secure a loan of $91 million to cover the second defamation loss to E. Jean Carroll. He doesn’t have the money to pay himself and surely had to provide collateral to the insurance company. So far the details are not revealed.

Interesting that anyone who submits an application for government jobs that require security clearances tend not to be hired if they have significant debts. The concern for this is how such people are at risk for being bribed. With Trump having to come up with nearly half a billion in about 20 days there should be big concerns about foreign actors giving him the money. This would make him obligated to whomever the source is. Without public disclosures the national security risk is high.
 
Altfish

Altfish

Veteran Member
F1fan said:
The Biden campaign has revealed that they raised $42 million in January, a record amount for any presidential candidate in history. Biden/Harris reports having $130 million in their campaign coffers. The DNC reported in late December that they have $20 million.


Trump reports about $33 million, but much of his money raising has gone toward legal bills, and more is to come.

On the Republican side the RNC states about $10 in their account, with Ronna McDaniel planning to resign her post and leader. Trump daughter-in-law Lara Trumpis slated to take over and focus on fundraising. There is some speculation that this effort to raise money will be directed to pay for Trump's legal costs, which would be tricky to do and likely criminal.

Nikki Haley has about $18 million and is still raising money from donors as an option to Trump. Her challenge to Trump doesn't appear to be making any ground as her home state of South Carolina's primary is coming soon.

time.com

5 Takeaways from the New Campaign Finance Filings

Trump’s PAC burned $50 million on legal expenses in 2023.
time.com time.com

Does this suggest the momentum is with Biden?

Will big donors hesitate to support Trump if their money is going to be used to pay his fines and legal bills instead of competing with Biden?

Are Trump's supporters coming close to being tapped out of donating?

Should Trump just sell some properties to pay off his fines and legal costs, and use fund raising cash to compete?
Click to expand...
So sad that income is the key part of your electoral system.
 
Subduction Zone

Subduction Zone

Veteran Member
Altfish said:
So sad that income is the key part of your electoral system.
Click to expand...
Yes, but at least for right now it is strongly against Trump. So sometimes it works. But not often enough and I would have no problem with a new method being found. Ironically I am betting that the opposition to such a change would be higher among the Republicans than the Democrats since historically they have done a bit better that way.
 
tytlyf

tytlyf

Not Religious
Jayhawker Soule said:
We should know by now that such movements, though defeated, don't die.
Click to expand...
This movement will. Because the leader has one more chance to stay relevant. When that passes, the leader of the movement has no where else to go. It's the presidency or bust.
Additionally, MAGAt's are slowly realizing their own party doesn't like them. They'll be shamed back under their rocks just like before 2017
 
F

F1fan

Veteran Member
Jayhawker Soule said:
We should know by now that such movements, though defeated, don't die.
Click to expand...
Trump is definately the head of the snake. His rhetoric is the blood of the MAGA movement. Once he loses in November he will try one more desperate act of violence, and it will come down to whether his most ignorant followers will have learned the lesson that political violence leds to prison.

I think Trump's money problems is a opportunity for democracy, namely that donors will be hesitatnt to give if he will only use the money for legal fees and not the election. Direct campaign funds can go to pay for legal fees with certain limits. They can't go to pay for personal fines. Only leadership pacs can raise money that has little oversignt or rules for spending. There are also finance rules for the RNC and DNC that could be violated now that Trump has taken the RNC over for his own use. It will be interesting to see how they manage the fundraising, and what they will promise to donors.

But unfortunately Trump's money problems is an opportunity for foreign actors to buy him off. From what I have heard by legal analysists putin could loan/give Trump $500 million, and then Trump could use it to pay the fines to New York. But if Trump was re-elected this would be a serious national security threat since Trump would owe putin greatly. Even if Trump mysteriously came up with $500 and it wasn't disclosed where it came from, it would be a serious concern by those who are paying attention to the news. How many Trump voters in the USA aren't paying attention to reputable news? How can they ever learn what is going on with Trump and his unethical actions?
 
F

F1fan

Veteran Member
tytlyf said:
This movement will. Because the leader has one more chance to stay relevant. When that passes, the leader of the movement has no where else to go. It's the presidency or bust.
Additionally, MAGAt's are slowly realizing their own party doesn't like them. They'll be shamed back under their rocks just like before 2017
Click to expand...
One major flaw Trump has as an egomaniac (in serious legal jeopardy) is that he sees anyone else with political ambition as a threat. If he was smart he would be trying to find a second. As it is he has attacked anyone else who has some level of skill at lying and rhetoric, and MAGAs have turned on them. Still, no republican has the skill at deception and manipulation that comes with an emotionally disturbed man like Trump. In fairness there is no replacement, and perhaps Trump wants MAGA to die when he does. It will be interesting to see what comes of the children (adults, but acting in daddy's shadow like mindless drones) because they will inherit a tainted legacy, and probably little else. I'll bet they will learn from daddy's downfall and at least pretend to be decent people and follow the law. The whole Trump crime family is gambling on the 2024 election result.
 
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