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Thursday, February 4, 2016

Is Trump Having a Cash Crisis?

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Trump’s boasts that he is “self-funded” may actually prove to be a weakness.   


Cruz and Rubio both have the cash and the organization to sustain their campaigns.  The real question is – Does Trump? 
Some are beginning to speculate that he’s in over his head.
Count me in with those who suspect that Donald Trump is no billionaire, but merely a poseur who may never have recovered from his many big-deal failures, as AT and others have already noted.  Ted Cruz is finally bringing this idea up, but it’s a testimony to just how opaque Trump has made his finances that only recently has anyone outside the financial press even discussed the matter. 


Trump just released his fourth-quarter FEC report, and again, the political press doesn’t know what to make of it – beyond the fact that he lent his campaign $12.8 million, which in part went to pay back Trump entities for travel and event services.  Real billionaires don’t campaign like that; your Linda McMahon and Ross Perot and Meg Whitman just write checks for tens of millions without batting an eye.  Trump, however, seems to be hoping (or needing) to get that money back in the future.
Trump has relied on the roughly $6.5 million in unsolicited small donations he received the last 3 months to pay for his late-starting television buys.  This means he was badly outspent in Iowa, tying with Bobbie Jindal for money spent on Iowa TV.

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