fair.png
Saturday November 28th, 2020 8:56AM

Chipping in? Trump may put up his own cash on reelection

By The Associated Press
Related Articles
  Contact Editor

Washington (AP) — President Donald Trump is putting out the word that he is considering spending as much as $100 million of his own fortune on his reelection effort as campaign officials try to buck up key supporters and donors amid daunting polling numbers and other bad news.

Trump said Tuesday that he’s prepared to use his own money and spend “whatever it takes” to win a second term in the White House, but he sidestepped just how much of his own cash he’s willing to invest.

“If I have to, I would,” Trump said of spending his own money. Speaking to reporters before departing for the battleground states of Florida and North Carolina, he added, “We have much more money than we had last time going into the last two months. But if we needed any more, I’d put it up.”

Dan Eberhart, a prominent Republican donor, said that two senior campaign officials told him in recent days that Trump was considering a personal investment in the campaign of as much as $100 million.

Eberhart said the campaign is trying to create “a little excitement” among top donors and prominent supporters as polls have shown Trump consistently trailing Democratic presidential nominee Joe Biden nationally and in some battleground states. Trump also is grappling with the political fallout from the mounting number of coronavirus deaths and the pandemic’s economic toll.

Trump spent more than $60 million of his own money on his 2016 run for the White House. This time, he began raising campaign funds almost immediately after his inauguration and built an enormous war chest early on that advisers believed put him at a distinct advantage over the Democratic nominee.

Eberhart said he was skeptical that Trump will spend $100 million of his own money and questioned whether money was significantly hampering the president’s campaign. Bloomberg News was first to report that Trump was weighing the significant personal investment in the campaign.

“He didn’t do it before, why would he do it now?” Eberhart said. He added, “This is about telling supporters: Don’t pay attention to the polls. Don’t pay attention to the media. We’re going to win this thing.”

Eberhart said that if Trump follows through with spending his own money it would put pressure on the GOP’s biggest financial backers to step up.

"When the president is thinking of writing a check of that size to his campaign, you have to imagine that top donors are feeling the pressure to kick in more than they already have,” Eberhart said.

Trump’s reelection effort, including the Republican National Committee, has spent more than $800 million so far, while Biden and the Democratic National Committee have spent about $414 million through July, according to campaign spending reports. The Trump campaign has not released its fundraising totals from August, a significant delay that raises questions coming on the heels of the Biden team announcing an eye-popping $364 million take for the month.

In the days following the last month’s Republican Nation Convention, Trump made the unusual move of pulling most of his advertising from TV, ceding the airwaves to Biden.

During August, Biden doubled what Trump spent on ads, dropping about $80 million in states that include battlegrounds such as Wisconsin, Florida, Pennsylvania and Michigan, according to data from the ad tracking firm Kantar/CMAG.

Democrats are hardly counting Trump out.

Biden’s spending “doesn’t mean in any shape or form that it’s over,” said former Pennsylvania Gov. Ed Rendell, a longtime Biden friend.

The president’s campaign has reserved $140 million for TV ads before the election, according to data compiled by the ad tracking firm Kantar/CMAG. And last week, a new super PAC — Preserve America — launched with plans to spend nearly $30 million on television and digital advertising in battleground states to bolster Trump.

Trump was forced to give up his signature big stadium rallies because of the coronavirus pandemic. But he’s used the spoils of incumbency to his advantage, calling frequent news conferences to lash out against Biden and make his case for a second term. During official White House events, he’s also made a habit of layering in digs at Biden and touting his successes — making his commentary about government business and campaigning indistinguishable.

Bill Stepien, Trump’s campaign manager, was pressed by reporters on a campaign conference call Tuesday about the possible cash shortfall experienced by the president’s team.

“If money was the only factor determining winners and losers in politics,” he said, “then Jeb Bush would have been the nominee in 2016 and we’d have a second President Clinton.”

Stepien, who replaced Brad Parscale as campaign manager in July, acknowledged that he was “carefully managing the budget.” He echoed the president in saying that the Trump campaign, which was outspent in 2016, has more resources to use between now and Election Day than it did four years ago.

He also pointed to the campaign’s early expenditures as paying off, particularly on field staff in battleground states and said that Biden could not replicate that in the little time left until Election Day.

Stepien also said the team’s advertising would be “nimble,” and include a TV spree in early voting states as well an urban radio campaign in Minnesota, Wisconsin, Michigan, North Carolina, Georgia, and Florida that would contrast Trump’s record for Black voters with Biden’s, a move aimed just as much at suburban white listeners.

Campaign officials have kicked off a review of past expenditures, including Parscale’s authorizations. Some of Parscale's decisions raised eyebrows, including a $100 million blitz earlier this year before voters were paying attention, though Trump appeared to defend the early advertising effort in a tweet Tuesday.

Trump also took to Twitter on Tuesday to play down concerns about having enough money to compete in the home stretch of the campaign.

Still, Trump added in comments to reporters that he was prepared to dip into his own wallet.

“Whatever it takes,” said Trump. “We have to win."

___

Madhani reported from Chicago and Lemire from New York. Associated Press writer Zeke Miller contributed to this report.

  • Associated Categories: Associated Press (AP), AP National News, AP Online National News, Top General short headlines, AP Online Headlines - Washington, AP Elections, General Election News, General Presidential Election News, AP Business, AP Elections - Political Conventions, AP Elections - Campaigns
© Copyright 2020 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Chipping in? Trump may put up his own cash on reelection
President Donald Trump is putting out the word that he is considering spending as much as $100 million of his own fortune on his reelection effort as campaign officials try to buck up key supporters and donors in the face of daunting polling numbers and other bad news
1:47PM ( 8 minutes ago )
Trump supporters rally near Portland and at Oregon's Capitol
Pro-Trump supporters and counter-protesters have clashed in Oregon’s Capitol city
1:36PM ( 19 minutes ago )
House to investigate DeJoy possible campaign law violations
House Democrats will investigate whether Postmaster General Louis DeJoy encouraged employees at his business to contribute to Republican candidates and then reimbursed them in the guise of bonuses, a violation of campaign finance laws
1:32PM ( 24 minutes ago )
Associated Press (AP)
South Africa's ruling party rejects Trump comment on Mandela
The report that U.S. President Donald Trump made crude, disparaging remarks about Nelson Mandela has drawn an angry response from South Africa’s ruling party and others
12:57PM ( 59 minutes ago )
Trump claims environmental progress, but he's weakened rules
President Donald Trump is out to claim the mantle of environmental steward as he highlights conservation and restoration projects in the critical battleground of Florida
12:36PM ( 1 hour ago )
COVID-19 vaccine latest flashpoint in White House campaign
A vaccine to shield Americans from becoming infected with the coronavirus is emerging as the latest flashpoint in the race for the White House
6:05AM ( 7 hours ago )
AP Elections
The Latest: Blake attorney calls Harris visit 'uplifting'
An attorney representing the family of Jacob Blake says Sen_ Kamala Harris’ visit with the family Monday was “inspirational and uplifting.”
3:50PM ( 22 hours ago )
The Latest: Trump sees economy rebound by Election Day
President Donald Trump says he’s expecting a strong rebound in the third quarter of 2020, with a good economic report coming out just in time for the November election
2:51PM ( 23 hours ago )
In Labor Day blur, Harris meets Blake family; Trump steps up
The 2020 presidential campaign has entered its final phase in a blur of motion and rhetoric
2:13PM ( 23 hours ago )
General Election News
100,000 march in Minsk to demand Belarus leader resigns
Tens of thousands of demonstrators have marched to the outskirts of the presidential residence in the capital of Belarus, calling for the country's authoritarian leader to resign
1:51PM ( 2 days ago )
Cohen memoir casts him as 'star witness' against Trump
Michael Cohen’s tell-all memoir makes the case that President Donald Trump is “guilty of the same crimes” that landed his former fixer in federal prison
2:30AM ( 2 days ago )
Trump to campaign in Florida, N.C. battlegrounds on Tuesday
President Donald Trump plans to campaign in the battleground states of Florida and North Carolina on Tuesday
4:13PM ( 2 days ago )
General Presidential Election News
GM to make electric vehicle, supply batteries for Nikola
General Motors formed its second major electric vehicle partnership in less than a week, this time a $2 billion deal with startup Nikola
1:03PM ( 53 minutes ago )
Companies testing vaccines pledge safety, high standards
Top executives of nine drugmakers likely to produce the first vaccines against the new coronavirus are taking the extraordinary step of  promising they'll be safe and effective
12:46PM ( 1 hour ago )
California fires bring more chopper rescues, power shutoffs
Helicopters are rescuing more people from the California wildfires as flames chew through bone-dry terrain after a scorching Labor Day weekend
12:21PM ( 1 hour ago )
AP Business
Pandemic politicking: Democrats at laptops. GOP at your door
Democrats are betting they can reach more voters without stepping outside while Republicans say political organizing in groups and face to face remains the better way, as both sides cope with reaching out to voters in the age of COVID-19
3:23PM ( 3 days ago )
Kamala Harris, Mike Pence to both be in Wisconsin on Monday
Democratic vice presidential candidate Kamala Harris is scheduled to make her first campaign appearance in battleground Wisconsin on Labor Day in Milwaukee, while Vice President Mike Pence was headed to western Wisconsin
3:22PM ( 3 days ago )
Trump denies calling US war dead 'losers,' 'suckers'
President Donald Trump is defending himself against accusations that he mocked American war dead
12:24PM ( 4 days ago )
AP Elections - Political Conventions
In Barr, Trump has powerful ally for challenging mail voting
As President Donald Trump sows doubt about the legitimacy of the 2020 election, he’s found a powerful partner in that effort in Attorney General William Barr
5:59PM ( 3 days ago )
Biden confirms virus test, says he'll be tested regularly
Democratic presidential candidate Joe Biden is confirming that he’s been tested at least once for the COVID-19 virus and promises he will be tested regularly during his campaign against President Donald Trump
3:43PM ( 3 days ago )
The Latest: Jacob Blake speaks by phone with Joe Biden
Former Vice President Joe Biden has spoken with Jacob Blake on the phone for 15 minutes during a visit to Wisconsin
4:05PM ( 4 days ago )
AP Elections - Campaigns
Trump supporters rally near Portland and at Oregon's Capitol
Pro-Trump supporters and counter-protesters have clashed in Oregon’s Capitol city
1:36PM ( 20 minutes ago )
House to investigate DeJoy possible campaign law violations
House Democrats will investigate whether Postmaster General Louis DeJoy encouraged employees at his business to contribute to Republican candidates and then reimbursed them in the guise of bonuses, a violation of campaign finance laws
1:32PM ( 24 minutes ago )
Belarus activist resists effort to deport her to Ukraine
A leading opposition activist in Belarus is being held after she resisted attempts by to deport her to Ukraine as part of a crackdown on protests of authoritarian President Alexander Lukashenko
1:21PM ( 36 minutes ago )
Sun earn playoff berth, Seattle back on top of power poll
Connecticut became the third team in WNBA history to start season with five losses and still earn a postseason berth
1:20PM ( 36 minutes ago )
South African party rejects alleged Trump comment on Mandela
The report that U.S. President Donald Trump made crude, disparaging remarks about Nelson Mandela has drawn an angry response from South Africa’s ruling party and others
1:16PM ( 40 minutes ago )