Saturday, May 14, 2016

TRUMP's MONEY GAMES

++In her "Potomac Watch" at the Wall Street Journal,Kimberley A. Strassel goes after the Donald for doing his "switcher" on the self-fubnding campaign. While he pummeled his primary competitors as "puppets" of large donors, he plans to actively court these same donors for a $1.5 Billion general election campaign against Hillary Clinton. He promises to erect "a world-class finance operation". 

++Strassel blames Trump for this because he did not lay down the groundwork necessary for the general election. She believes the decision may now prove his biggest hurdle to the White House. 

++She says that in hindsight Trump's decision to "self-fund" was brilliant politically but foolish. Besides,she writes,of the $47 million pent through March,$11 million came from other people's money and $36 million was a loan from the candidate which he expects to get from the fund-raising for the general election. 

++Stroessel said it was always true that Trump didn't expect to cover the general election budget with his own money--because he is simply not that rich. 

++She thinks his tax returns will show accounting vehicles and deductions that will make him look "tax-dodgerish". And he writes that he is imply not "liquid-rich".

++She believes his "self-funding" mirage is sheer political malpractice. She writes about how parties gather information and build databases for funding and get-out-the -vote efforts . But Trump bragging about first time votes,never harvested the information about them. He felt such data was over-rated. 

++Stroessel points out that it's nine weeks to the convention and Trump needs cash as of yesterday. Major GOP donors are still on the sidelines and he has approved a SuperPac. 

++Meanwhile Steady Hillary has raised more than $213 million. Her Superpac has banked another $67 million and she has started a joint fund with the DNC which has already raised $60 million. And Trump is just starting.

++Stassel writes that Trump costed through the primaries on over $2 billion in free media. She doesn't think he'll get the same in the general. Let's hope not.

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