The 14th Thread about Trump and his tomfoolery


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Olde Hornet

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How Trump's Billion-Dollar Campaign Lost Its Cash Advantage


Money was supposed to have been one of the great advantages of incumbency for President Donald Trump, much as it was for President Barack Obama in 2012 and George W. Bush in 2004. After getting outspent in 2016, Trump filed for reelection on the day of his inauguration — earlier than any other modern president — betting that the head start would deliver him a decisive financial advantage this year.

It seemed to have worked. His rival, Joe Biden, was relatively broke when he emerged as the presumptive Democratic nominee this spring, and Trump and the Republican National Committee had a nearly $200 million cash advantage.

Five months later, Trump’s financial supremacy has evaporated. Of the $1.1 billion his campaign and the party raised from the beginning of 2019 through July, more than $800 million has been spent. Now some people inside the campaign are forecasting what was once unthinkable: a cash crunch with less than 60 days
 
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