Donald Trump considers spending as much as $100 million of his own money

[soothsayer]

Link to tweet

?s=21


Jesse Eisinger
@eisingerj
Hahahahahahahahahaha.

Needed that this morning.

Bloomberg
@business
Donald Trump considers spending as much as $100 million of his own money on his re-election campaign, sources say https://trib.al/FLivSay

[tblue37]

1. Not gonna happen. Besides, I doubt he is anywhere near that solvent. nt

[2naSalit]

28. +1

[katmondoo]

2. I don't believe it!

[50 Shades Of Blue]

3. He means Putin's money, right?

[Zoonart]

8. Boom! Right there.

[Liberal In Texas]

15. That's what I was thinking, $100M in Puin money...how much is that in rubels?

Or maybe it's Saudi money. Who knows!?

[uponit7771]

30. +1,

[TheFarseer]

4. But

If he funnels his own money through his campaign to his businesses, how is that making him money? I guess that’s why he’s the master businessman.

[Chiyo-chichi]

13. I'm sure he figures that IF he wins, he can "get whole" or even profit

by siphoning funds from a second inauguration.

[TheFarseer]

24. Sure it makes sense for a normal person.

I'm just wondering if he's so dumb and just so used to being corrupt he would try to 'embezzle' his own money!

[Chiyo-chichi]

25. Wouldn't put it past him. He is that dumb and corrupt.

[Tom Rinaldo]

5. He just might if he believes losing will land him in jail

He gets no immunity as and ex--President, and Pence can't pardon him for State crimes. The pathetic thing is that after all of his boasting about being a billionaire, he would be lucky if can raise even that much.

[beachbumbob]

6. believe it when you see it

[llmart]

7. Yeah, right.

I doubt he can even scrape together a million which is why he fights tooth and nail not to reveal his taxes.

[unblock]

9. He spends his own money the way Susan Collins gets concerned.

[boston bean]

10. Bullshit. That ass wouldn't spend a penny of his own money.

He is spreading fake news about himself.

Doubt he even hast that sum of money.

[lindysalsagal]

11. Has he got that much?

[helpisontheway]

12. Yeah right..😂🤣😂🤣nt

[GeorgeGist]

14. Snort!

As if.

[SoonerPride]

16. "I'm rich. Really rich!" said Donnie Dumbfuck in 2105

Unlike actual rich guy Bloomberg who spent hundreds of millions of his own money, TV fake rich guy bragged about how rich he was and then immediately started panhandling his poor suckers for handouts.

He is not rich
He is massively in debt
He doesn’t have any money to spend
Even if he did, he’s a notorious cheapskate who stiffs people and doesn’t pay bills.

He won’t part with one thin dime of his own money for that his campaign.

Not. One. Dime.

[patricia92243]

17. He spent his own money last time - and promptly repaid himself

with campaign money.

[33taw]

18. Most decisions are made by this point. The real push now is GOTV.

[Docreed2003]

19. 🤣🤣🤣🤣🤣🤣🤣

Lmao...like he has 100 million dollars to spend

[BGBD]

20. He doesn't have $100 million

I have serious doubts that this guy is a billionaire, and IF he is it's only because of the value of properties he owns. He would need to sell off a couple of golf resorts to come up with $100 million.

[ProfessorGAC]

31. Only In Gross Holdings

With an enormous debt load!
The financial review of the TO, by Moody's (legally required to assess credit worthiness of privately held companies) concluded properties were 20%+ overvalued, other divisions were insolvent, and the debt load (they have access to loan values from all North American banks) was 40%+ higher than stated in public releases.
THEN we learned of the $800 million they owe Deutsche Bank, and the $300 million to the state bank of China.
And, junior ADMITTED getting funding from Russian sources.
Credible estimates are a net worth of $780 million tops.
He inherited $390 million nearly 30 years ago, not including the "loans" from daddy for 8 years in the 70s.
Suggests a 1.8% annualized return over a time in which major US indices averaged 9.56%.
Financial genius, my rear!

[lame54]

36. Bullllshit...

They may have been true before he took office
But he has been looting this country ever since
He'll leave with a warehouse full of our money

[BGBD]

41. He's stealing plenty

but it would take hundreds of millions just to keep his properties afloat and pay off the Devils that got him in the White House.

[oasis]

21. Riiiiiight.

[kentuck]

22. He will not spend his own money.

He has never spent his own money in his life.

[Ferrets are Cool]

23. I don't believe this because I don't think he has 100 million to spend.

[Klaralven]

26. "and he's as tight as a duck's ass. Just like dad was, really."

according to his sister.

https://www.thedailybeast.com/mary-trump-shares-new-recording-of-trumps-sister-maryanne-bashing-that-damn-ivanka

[Alacritous Crier]

27. The Trump campaign...

is in the heavy cash withdrawal portion of their plan at this time. There will be no spending on a losing campaign, only continued grifting of the rubes.

[SpaceNeedle]

29. He doesn't have it ... end of story

[DFW]

32. Second grade arithmetic question reveals all

If you have assets of $6 billion and debts of $8 billion, what is your net worth?

Wharton school answer: if you can get away with stiffing people to whom you owe money, it could be any amount up to $6 billion.

Law school answer: if your creditor is Vladimir Putin, you ain't worth a plugged kopek, and you had better have enough cash stashed away for a one way trip to Pitcairn Island after having visited a skillful and very discreet plastic surgeon.

[dalton99a]

33. Pure, utter bullshit

[Firestorm49]

34. His supposed wealth is all on paper. Asset value; inflated as it may be.

The liabilities section is the flip side.

I believe the only way this con man can come up with $100M is to 1) Fleece the American public and steal more money either from the mysterious inaugural fund, or, 2) Call his ex buddies at Deutchebank to launder it into his account, or 3) Trade away American interests (secrets) and go to his buddy Vlad Putin.

No way does the fool have $100M sitting around. His finances are as shakey as his marriage.

[BlueWavePsych]

35. Trump Weighs Putting Up to $100 Million of His Cash Into Race

The billionaire president has talked about the idea with multiple people, though he hasn’t yet committed to any self-funding, according to people briefed on internal deliberations. Though Trump personally contributed $66 million to his 2016 campaign, it would be unprecedented for an incumbent president to put his own money toward winning a second term.

Trump has sought advice about whether he should self-fund as he scrutinizes heavy spending by his team earlier this year that failed to push him ahead of the former vice president in the polls. In addition, Biden’s campaign and associated Democratic entities have recently raised more than Trump and his allies.

Trump’s re-election effort, including the Republican National Committee, has spent more than $800 million so far, while Biden and the Democratic National Committee spent about $414 million through July, according to financial reports.

But Biden and the DNC raised $365 million in August, shattering a previous record one-month record of $193 million set by Barack Obama in 2008. Biden had $294 million in cash on hand at the end of July, about $6 million less than Trump’s re-election effort.

https://www.bloomberg.com/news/articles/2020-09-08/trump-weighs-putting-up-to-100-million-of-his-cash-into-race

[smirkymonkey]

37. Bwahahahaha!

And where does he think that money is coming from? He's not that liquid, if at all. No bank will lend it to him. Guess it's time to give Uncle Vlad a call!

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[Wounded Bear]

38. 2016 Redux...nt

[Kid Berwyn]

39. Doubt he has that much cash on hand.

He is the “ King of Debt.” Maybe his friend Vladimir P. can help him out?

[crickets]

40. "his own money"