2016 Postmortem
Related: About this forumLet me get this straight...Trump doesn't want to donate to his OWN campaign anymore?
Isn't the guy s'posed to be a bazillionaire or somethin'?
onecaliberal
(32,489 posts)Gothmog
(144,005 posts)Trump can not fund a general election campaign and I would not be surprise to see Trump using some of the donations to repay his loans to his campaign
NWCorona
(8,541 posts)I personally don't care but he's made such a big deal about how he's in the "club" multiple times over.
moonscape
(4,664 posts)golf courses and sky scrapers aren't necessarily easy to sell on a dime.
He's certainly a cheapskate.
uponit7771
(90,225 posts)... no doubt broke minded
Gothmog
(144,005 posts)I will find the link later but Cuban is convinced that he is worth far more than trump and I think that Cuban is right
NWCorona
(8,541 posts)moonscape
(4,664 posts)suggested to Trump they put their respective financial papers on the table, Trump demured and didn't respond.
If he had something positive to show, he definitely would have.
CrispyQ
(36,231 posts)the billionaire class, that can finance their own campaigns. ~retch. We need publicly financed elections . . . NOW. Like Congress will ever vote for that.
PJMcK
(21,921 posts)Mr. Cuban pointed out that someone who is worth $5-10 billion doesn't run measly businesses like Trump Steaks, Trump Vodka or beauty pageants. Mr. Cuban implied that Donald Trump probably is cash poor and that his assets are leveraged and not easily liquidated.
There's another story that's emerging. Donald Trump has spent something like $45 million of his own money on his campaign so far. But he has made it clear that he considers this a loan and expects to be reimbursed. Additionally, his latest FEC filing indicates that he's taking a salary from his campaign which is something candidates never do.
He doesn't construct buildings any more because banks won't finance him because of his history of bankruptcies. When you consider that he's refusing to release any of his tax returns, it becomes reasonable to think that Donald Trump isn't worth anywhere near the $10 billion that he claims. He probably has to get his money back.
Gothmog
(144,005 posts)liberal N proud
(60,302 posts)onehandle
(51,122 posts)NWCorona
(8,541 posts)Among his other ventures but that's not how he moves.
LiberalFighter
(50,504 posts)uponit7771
(90,225 posts)... money ventures that would bring him in net 50 - 200 million a year in cash.
For instance, he most likely netted no more than 2 - 3 million from tRump U
onehandle
(51,122 posts)metroins
(2,550 posts)I'm not a Trump supporter but I'll give him props for almost self funding the primary. That takes a lot of guts.
What I will do is bash him on being so polarizing that his own party won't even donate to get him elected.
randome
(34,845 posts)And it's far too late to get a good start now. For some inexplicable reason, Trump is doing next to nothing regarding funding his campaign.
The most likely reason is that he is not even close to being as rich as he says.
metroins
(2,550 posts)I'm pretty sure he knows he won't win and he doesn't want to waste a billion dollars. It seems pragmatic.
Trumps worth on a bad day at least a billion.
randome
(34,845 posts)He is on the verge of handing the GOP its worst defeat in history. Clinton has 150 full time employees in Ohio alone.
Trump will be remembered and scorned for a long time after 2016. The humiliation looks set to be epic. I don't see how someone with his out-of-control ego can withstand this.
spooky3
(34,303 posts)It won't take too many millions to get him to agree.
uponit7771
(90,225 posts)spooky3
(34,303 posts)Whom Trump alienates and will either vote for Clinton or stay home.
RAFisher
(466 posts)He loaned his campaign money only to repay himself with political donations. At the end of this he might actually make money off of the dumb yokels that are stupid enough to give him money. No one should be surprised. 16 years ago he said it's what he'd do.
"Its very possible that I could be the first presidential candidate to run and make money on it, - Donald Trump in 2000
metroins
(2,550 posts)If he didn't win, how would he get repaid? He doesn't have political clout to lose and get others to pay off the debt.
He took a gamble during the primary, it worked.
He won't gamble hundreds of millions.
niyad
(112,435 posts)metroins
(2,550 posts)If he didn't win, he'd have a lot of difficulty getting repaid.
niyad
(112,435 posts)DemocratSinceBirth
(99,705 posts)I read he has about 150 million in actual cash... Of course he could borrow billions if he put up his real estate holdings as collateral but I doubt he does that.
The rich often become rich by risking other people's money.
onehandle
(51,122 posts)They lease his name for the notoriety.
laserhaas
(7,805 posts)He's going to get slammed by billions of negative publicity from Hillary
Time to bow out gracefully and hand it over to Pittens
3catwoman3
(23,820 posts)...manage "bow out" and "gracefully" at the same time.
laserhaas
(7,805 posts)TheCowsCameHome
(40,163 posts)Welcome to the real world, yam.
L. Coyote
(51,129 posts)And when he gets nominated, he wants his money back.
Ken Burch
(50,254 posts)Last edited Mon Jun 20, 2016, 10:10 PM - Edit history (1)
...in a week or so, two guys named Vinnie are gonna show up at his door with baseball bats, expecting payment?
herding cats
(19,549 posts)I read several weeks back. He's positioned to get all his funds back from the RNC. The same RNC he's sort of sucking at fundraising for at the moment.
tonedevil
(3,022 posts)but he's not stupid. There is no way he is putting money on an obvious loser. Old habits die hard he'll probably donate to Secretary Clinton in case he gets married again and wants to force-invite them like before.
randome
(34,845 posts)spinbaby
(15,073 posts)More like dementia.
randome
(34,845 posts)Renew Deal
(81,802 posts)Last edited Mon Jun 20, 2016, 10:50 PM - Edit history (1)
So if Trump was really worth 10 billion he could easily cut a couple checks.
I think more likely he is not as rich as he says. But I have to wonder if he would lose interest if he knows he's going to lose.
Darb
(2,807 posts)No cash on hand, just upside down real estate.
lancer78
(1,495 posts)When Bill convinced Trump to run.
glennward
(989 posts)All he has to do from now until November is to have his campaign have one ridiculous incident every week and he wins the news for that week. Hillary's expensive ads and rallies or pressers won't matter. The media is trying to hand this Presidency to Trump hands down,
Just think if no media cable networks covered any of his rallies and no national networks covered his rallies or his stupid campaign incidents.
Hillary is fighting an uphill battle against the media. She has to pay dearly for any messaging in any media ...Trump gets it for free. The only thing reported for Hillary today was Chelsea's newborn. But you can hear Trump ranting about ISIS, Islamic terrorists, immigrants, building walls, andhow much people love him...24/7.
swhisper1
(851 posts)he may be woth billions, but his cash is low. He had a free ride to this point, I guess when it's his money, he pouts
MFM008
(19,782 posts)to spend it...
SidDithers
(44,228 posts)Cash on Hand at Apr 30 - $2,408,641.95
Fundraising in May - $5,620,809.83
Spending in May - $6,739,944.02
Cash on Hand at May 31 - $1,289,507.76
Debts and Obligations Owed - $45703185.39
http://docquery.fec.gov/cgi-bin/forms/C00580100/1079423/
Loan information: http://docquery.fec.gov/cgi-bin/forms/C00580100/1079423/sc/ALL
That's a lot of cheddah.
Sid
Response to Ken Burch (Original post)
Name removed Message auto-removed
uppityperson
(115,674 posts)eastwestdem
(1,220 posts)Cali_Democrat
(30,439 posts)That's why he won't release his tax returns.
He doesn't have the money!