The Washington Post reports: As top Republicans expressed astonishment and alarm over Donald Trump’s paltry campaign fundraising totals, the presumptive nominee blamed party leaders Tuesday and threatened to rely on his personal fortune instead of helping the GOP seek the cash it needs.
New campaign finance reports showing that Trump had less than $1.3 million in the bank heading into June ignited fears that the party will not be able to afford the kind of national field effort that the entire Republican ticket depends on.
The real estate mogul responded by going on the offensive, saying GOP fundraisers have failed to rally around his campaign.
“I’m having more difficulty, frankly, with some of the people in the party,” Trump said on NBC’s “Today,” adding, “They don’t want to come on.”
“If it gets to a point,” he said, “what I’ll do is just do what I did in the primaries,” when he lent his presidential campaign more than $43 million.
The billionaire developer increased his line of credit to the campaign by an additional $2.2 million last month — the smallest amount he has shelled out this year — but Trump said in a statement Tuesday that “if need be, there could be unlimited cash on hand as I would put up my own money.”
It’s unclear how quickly he could access the hundreds of millions needed to finance a national campaign. In May, Trump suggested that to do so, he would have to “sell a couple of buildings.” [Continue reading…]
Josh Marshall writes: Perhaps the most revealing detail about the May filing is that Trump actually did loan his campaign additional funds – a bit over $2 million. But this shows more just how hard up Trump is. His campaign is in desperate need of funds. Like I said, $1.3 million cash on hand is stone broke for a summer presidential campaign. He clearly has no principled resistance to loaning his campaign more money. And he’s in desperate need of a few tens of millions of dollars. Put this together with having to be shamed into coughing up the $1 million contribution to a vets organization and the implication is clear: Trump is very hard pressed to come up with even a few million dollars. And this from a man purportedly worth $10 billion.
Trump’s promises of vast riches got the GOP into a bind relying on him to fund a general election on his own. But that was all a lie. He’s broke or near broke. And the GOP is now facing mid-summer with a campaign that is broke, has no fundraising apparatus, no candidate with big bucks and no field operation. He’s done the GOP worse than the most screwed over creditor he ever sharked. [Continue reading…]