June 21, 2016

ALL FIZZLE; NO STEAK:

Donald Trump's Campaign Is Nearly Penniless (DAVID A. GRAHAM  June 21, 2016, tHE aTLANTIC)

Donald Trump hates disclosure: He won't release his tax returns, asks volunteers to sign non-disclosure agreements, and fights the release of depositions. And looking at his most recent Federal Election Commission disclosure, it's not hard to see why. The report is brutal for the presumptive Republican nominee.

Trump closed May with just $1.3 million cash on hand. That's down from $2.4 million at the start of the month. The campaign raised just $5.6 million, even though the Trump campaign signed a major fundraising agreement with the Republican National Committee in the middle of the month, and spent $6.7 million. Hillary Clinton, by contrast, has $42.5 million on hand, up from $30.2 at the start of the month. She spent $14 million but raised $26.4 million. That doesn't include bodies like Priorities USA, a super PAC that is backing Clinton and has $52 million. Pro-Trump super PACs are far behind.

The Republican Party, which has picked up some functions Trump has dropped, raised around a third of what it did in May 2012. Over the same stretch in 2012, Mitt Romney raised $23.4 million and closed with $17 million cash on hand--during a period in the campaign in which he was already getting outspent by his opponents.

Posted by at June 21, 2016 1:21 PM

  

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