Donald Trump's Campaign Finance Report Shows He Might Be Running Out Of Money Soon
If you want hard proof that Donald Trump is in serious trouble, look no further than his presidential campaign's bank account. The Hillary Clinton campaign has around $42.5 million on hand to spend on the general election. How much would you guess Trump has? Thirty million? Twenty? Ten? Nope. To say that the Trump campaign is low on money doesn't even begin to describe the scope of the problem; the New York Times is calling it "the worst financial and organizational disadvantage of any major party nominee in recent history."
The answer, according to the disclosures Trump filed with the Federal Election Commission on Monday, is $1.3 million. This is nothing less than astonishing, especially for a candidate who has built a platform on his background in business.
Trump raised $3.1 million in May and spent a little bit less than $2 million, according to his disclosures. These would be perfectly respectable numbers if Trump were running for, say, the House of Representatives. But for a presidential candidate, they're bad. Historically, epically, monumentally bad. For example, Mitt Romney raised $76 million in May of 2012 during his own presidential run. Amazingly, the campaigns of Ted Cruz and Ben Carson, both of whom aren't even in the race anymore, have more money on hand right now than Trump does.
There's more. According to the FEC filings, Trump's campaign has only 69 paid employees, compared with the 685 people working for Clinton. And problems don't end with Trump. The Republican National Committee, to which Trump has outsourced many of his campaign operations, only has $19.9 million in the bank. That's over $40 million less than it did at this time last cycle. In fact, during no presidential election of the last decade has the RNC been this poor at this point in the year. And Great America, a pro-Trump super PAC, has only $500,000 cash on hand.
The news couldn't come at a worse time for The Donald. Earlier in the day, he fired his longtime campaign manager, Corey Lewandowski. Quickly thereafter, another Trump advisor, Michael Caputo, publicly celebrated Lewandowski's firing on Twitter, which resulted in his own resignation later in the day. This means that Trump's campaign, which already doesn't have nearly enough employees, lost two of its top operatives in a single day.
Does this mean that Trump absolutely, positively won't win the election in November? Of course not. But if you're Trump, or someone who'd like to see him become the 45th president of the United States, these financial disclosures are nothing less than horrifying.