“Former President Donald Trump raised $24 million in the third quarter, a 41% increase over the previous quarter, but he spent $22 million to do it.
Trump spent 91 cents to raise every dollar, according to the latest filings with the Federal Election Commission.
The high-cost, low-margin fundraising came as Trump’s legal problems mounted following revelations from the House Select Committee investigating his role in the Jan. 6, 2021, riot of his supporters in the Capitol.” https://finance.yahoo.com/news/trump-spent-91-cents-raise-010746136.html
“…How much those appeals raised can’t be calculated from Trump’s filings, since he doesn’t have to itemize contributions for donors who give less than $200, and they accounted for $9.8 million of Trump’s third-quarter haul. To reach them, Trump spent $7.3 million on SMS appeals and a little less than $7.3 million on online ads. His third-biggest expense went to rentals of donor lists, which cost $2.8 million.
It’s not the first time that Trump’s small-dollar fundraising operation has had low returns for its spending. In the third quarter of 2020, Trump Make America Great Again, the small-dollar donor arm of his re-election effort, spent 77 cents to raise each dollar.
Still, the money he’s brought in is unprecedented for a former president. Since losing the 2020 election, Trump has raised $387 million and, despite the low rate of return in the third quarter, is flush with cash at a time when many of his party’s candidates are being outraised in the midterms.”
“If God didn’t want them sheared, he would not have made them sheep.”
The Calvera Principle, as first expressed by Eli Wallach in “The Magnificent Seven.” (1960)
“Former President Donald Trump raised $24 million in the third quarter, a 41% increase over the previous quarter, but he spent $22 million to do it.
Trump spent 91 cents to raise every dollar, according to the latest filings with the Federal Election Commission.
The high-cost, low-margin fundraising came as Trump’s legal problems mounted following revelations from the House Select Committee investigating his role in the Jan. 6, 2021, riot of his supporters in the Capitol.” https://finance.yahoo.com/news/trump-spent-91-cents-raise-010746136.html
“…How much those appeals raised can’t be calculated from Trump’s filings, since he doesn’t have to itemize contributions for donors who give less than $200, and they accounted for $9.8 million of Trump’s third-quarter haul. To reach them, Trump spent $7.3 million on SMS appeals and a little less than $7.3 million on online ads. His third-biggest expense went to rentals of donor lists, which cost $2.8 million.
It’s not the first time that Trump’s small-dollar fundraising operation has had low returns for its spending. In the third quarter of 2020, Trump Make America Great Again, the small-dollar donor arm of his re-election effort, spent 77 cents to raise each dollar.
Still, the money he’s brought in is unprecedented for a former president. Since losing the 2020 election, Trump has raised $387 million and, despite the low rate of return in the third quarter, is flush with cash at a time when many of his party’s candidates are being outraised in the midterms.”
“Why Trump Is Ramming Piles of Cash Through a Campaign Loophole” https://www.thedailybeast.com/why-donald-trump-is-ramming-millions-through-a-campaign-loophole-save-america-pac?ref=scroll
Spoiler alert: “Donald Trump’s leadership PAC just made a $20 million donation to another PAC. Trump could’ve spent the money on other Republicans. Now the PAC can spend it on him.”
“If God didn’t want them sheared, he would not have made them sheep.”
The Calvera Principle, as first expressed by Eli Wallach in “The Magnificent Seven.” (1960)