Tuesday, June 21, 2016

The Rich Get Richer

Trump's campaign is a pauper.  Hillary's cash on hand is 42 million to his paltry 1.2 million.  Counting SuperPacs the disparity is greater, 88 million to 2 million.  Trump campaign fundraising is even worse than those numbers suggest.  If Trump intends to pay himself back  the money he loaned, the campaign is actually 43 million dollars in debt.   Trump has promised to covert the loans to contributions.  Unfortunately, Trump promises are like his marriage vows, good until they are not.

Going forward the man of gold will find no silver lining.  Even paying 700 operatives Hillary is flush. Trump is flushing down with only 70 operatives.  Size matters.  Can the little Trump campaign finance a fully staffed organization.

Although both campaigns have always had a "donate button" on their website, Hillary supporters have been urged to push the button while Trump claimed to be self funding.  Hillary has developed a much larger base of small donors who can be solicited over and over again through emails, at no cost to her campaign.

Large donors are also a problem for Trump.  Although overlapping,  there are 3 classes of large donors.  First are true believers like George Soros whose donations support their philosophy of governance.  On the right, this category is muddled since all wealth donors would benefit from the lower tax rates supported by all GOP candidates.  But GOP true believers, have reason to double the depth of Trump's faith.

The second category are investors, like the Koch brothers.  Preserving and expanding favorable tax treatment nets far more money than they contribute.  The final category are access seekers.  Corporations, and entrepreneurs, want access to lobby for or against impactful future proposals.  Investments only pay off, and access is only meaningful, if the candidate wins.  Trump's high negatives in polls, and low cash total, will discourage these contributors.

Trump is hat in hand, when instead, he should be wearing it to hide that awful combover.

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