(TheFreedomFlag.com)- According to a report from Bloomberg News, President Donald Trump is considering spending $100 million of his own money on his re-election campaign, despite the fact his campaign is already taking in huge sums of money.
According to CNN, Trump and the Republican National Committee have outraised Biden and the Democrats in July, taking in $165 million to their $140 million. The Democrats also ended July with $294 million available, which was less than the RNC’s $300 million. It means the president is having no trouble raising cash for his campaign, but if Bloomberg is to be believed, he could be ready to put a massive injection to help pay for a fresh round of ads and other campaign efforts.
“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 the internal deliberations,” Bloomberg reports. “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.”
Well, President Trump is certainly one for establishing new precedent.
$100 million is a lot of money, even for the president. According to Forbes, President Trump is currently worth $2.1 billion. That means he would be spending almost 5% of his total worth on his reelection.
That’s some commitment, right?
Whether or not he spends the money, however, depends on a number of factors. First is the question of whether he actually needs it, and second is whether the Democrats continue to trail them in funding. That may not be the case, as the DNC announced that they took in some $364.5 million in August, setting their own record.
The Democrats, it seems, have panicked and pulled together yet more big business donors – including Big Tech and even the widow of Apple founder Steve Jobs. It also means that the Republicans and Democrats now appear evenly matched in terms of funds.
Tim Murtaugh, a spokesman for the Trump campaign, told the press that they continue to break records with their fundraising.
“President Trump’s fundraising is breaking records and we are paying close attention to the budget, allowing us to invest twice as much from now until Election Day than we did in 2016,” he said. “President Trump has also built the world’s greatest digital fundraising operation, a dominant ground game, and a third advantage Joe Biden can never match – enthusiasm.”
Ain’t that right.
If Trump does come up with the money, however, it will be significant. According to the president’s financial disclosure at the end of 2018, he had up to $156.5 million in various checking and savings accounts.
We’ll have to wait and see how close things get before the president pulls the trigger on what could be a gamechanger for the campaign.