The decision to announce an early bid has bombed since the money is not going into Trump’s 2024 presidential campaign.
Gabrielle Sherman reports on the Vanity Fair:
There are several theories as to why the Trump campaign has been so tiring out of the gate. “Money is a real issue,” the former administration official said. Already, prominent GOP mega-donors, including billionaires Ken Griffin and Stephen Schwarzman, have said they will not support Trump’s 2024 run.
As a presidential candidate, Trump won’t be allowed to tap into the $100 million war chest that various super PACs have amassed after he leaves the White House, meaning he must either raise the money himself or spend his own money. “Racing is expensive. They just spent half a million dollars,” a veteran of Trump’s 2016 campaign told me. Trump’s 2024 campaign has yet to file a fundraising report with the Federal Election Commission, but two sources close to Trump told me the money spigot isn’t flowing like it used to.
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The bottom line is that Trump can’t use super PAC money for his presidential campaign. There has already been discussion in Republican circles about how Trump has outsourced the donor to his super PAC’s constant fundraising appeals. Donor fatigue is a thing, and Trump has simply asked his followers to give them more and more money.
The reason there was no rally after he announced it was because Trump couldn’t use his super PAC money to pay for the event. Now that he’s the official candidate, any event Trump holds is considered a campaign event.
Trump seems so worried about being impeached that he cut off his own money supply. Donald Trump no longer gets the free media coverage he once did. And without the money to hold rallies, the failed ex-president has little to do but listen around his private club, venting his grievances on his meager social media accounts.
Donald Trump thought he was superior to the DOJ, but all he really did was sabotage himself.
Jason is the managing editor. He is also a member of the White House Press Pool and Congressional Correspondent for PoliticusUSA. Jason has a bachelor’s degree in political science. His graduate work focused on public policy, with a specialization in social reform activities.
Awards and professional memberships
Member of the Association of Professional Journalists and the American Political Science Association
