Trump Said He’d Loan His Campaign $100M. Instead, He’s Loaned It A Total Of $8k.

Official White House Photo by Tia Dufour / Public Domain

JakeThomas

In 2016, Donald Trump contributed $66M of his own money to his campaign. This election cycle, it's a different story.

President Donald Trump said last month that he would supply his reelection campaign with as much as $100 million of his own money if push came to shove, but so far he has only coughed up $8,000, Politico reports.

Trump has contributed just over $8,000 to his campaign this election cycle, according to FEC data. It’s a huge difference from 2016, when Trump contributed $66 million of his own money to his first presidential bid.

For comparison, rapper Kanye West loaned his quixotic campaign $3 million in September and contributed an additional $2.1 million this month, according to the latest FEC filings. West, who tweeted he’d be joining the presidential race in July, has now floated his campaign close to $12 million since he’s launched his bid and is qualified to be on the ballot in a dozen states as a third-party candidate.

The president’s lack of follow-through certainly is not because his campaign is flush with cash, the outlet noted.

Former Vice President Joe Biden’s campaign “outraised Trump’s by an eye-catching $200 million in September and started October with $177 million in the bank,” according to the report.

That's a nearly 3-to-1 edge over Trump’s $63 million, putting Trump at a deficit without parallel in the modern era of campaign financing, especially for a sitting president. The last incumbent to face reelection, Barack Obama, had nearly $100 million left to spend at this point in 2012, while his challenger, Mitt Romney, had almost exactly the amount Trump has left this year.

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The dire financial picture is worrying many Republican strategists, who argue a sitting incumbent should be better positioned and that the lack of money compounds the president’s polling deficit and his struggles with the coronavirus pandemic.

Read the full report.

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