Author Topic: Donald Trump Is Getting a Very Late Start on Fundraising  (Read 625 times)

0 Members and 1 Guest are viewing this topic.

Offline sinkspur

  • Hero Member
  • *****
  • Posts: 28,567
Donald Trump Is Getting a Very Late Start on Fundraising
« on: June 08, 2016, 11:05:32 pm »
http://www.wsj.com/articles/donald-trump-is-getting-a-late-start-to-fundraising-1465341288

Donald Trump Is Getting a Late Start on Fundraising
A Republican insider calls the candidate’s disadvantage ‘huge and not widely understood’



By REID J. EPSTEIN,  REBECCA BALLHAUS and  BETH REINHARD
June 7, 2016 7:14 p.m. ET

Donald Trump will escalate his fundraising in the coming weeks, yet his late start has left him reliant on party fundraisers who haven’t all swung into action and aren’t always in sync with his campaign promises.

Several members of a list of prominent Republican fundraisers who Mr. Trump and the Republican National Committee announced last month had signed on to work for their joint fundraising committee said they have yet to raise any money for the effort. “I agreed to lend my name,” said Howard Leach, who previously backed Jeb Bush’s presidential campaign and was listed as a “presidential trustee” for the committee.

Bill Binnie, who in 1990 was chairman and CEO of a plastics company that closed a California factory and moved the jobs to Mexico, will host a New Hampshire fundraiser on Monday for Mr. Trump, who has made railing against such relocations a centerpiece of his campaign. Meanwhile, real-estate investor Thomas Barrack, the host of the only major fundraiser Mr. Trump has attended since finalizing the RNC fundraising agreement, has also offered praise for the Democratic presumptive nominee, Hillary Clinton.


Presumptive Republican presidential nominee Donald Trump took aim at the Clintons for turning "the politics of personal enrichment into an art form" during a speech on Tuesday. Photo: AP
Mr. Trump’s tardy fundraising start has some Republicans concerned he won’t be able to match the robust finance operation of Mrs. Clinton, who raised more than $240 million through May on top of $60 million for her joint committee with the Democratic National Committee. She has held at least 20 fundraisers for her campaign and joint committee since the start of May.

Mrs. Clinton had $42 million on hand at the end of May, her campaign said. Mr. Trump hasn’t reported his May figures but had $2.4 million at the end of April. The Democrat also has a super PAC that has raised more than $76 million.

Mr. Trump has seen several outside groups ramp up their activities in recent weeks, though they have raised just about $3 million so far. Casino owner Sheldon Adelson is also looking into creating a pro-Trump super PAC, though he hasn’t said how much he would donate to it.


Fred Malek, the finance chairman of the Republican Governors Association and a leading fundraiser for past GOP nominees, called Mr. Trump’s fundraising disadvantage “huge and not widely understood.” He added: “Unless he’s willing to write a huge personal check, which is unlikely, I believe Trump will have a financial disparity of $300 million to $500 million.”

His campaign has said the real-estate developer, who relied heavily on free media and mostly his personal bank accounts to fuel his primary bid, is running an unconventional campaign and may not need to raise as much as previous presidential candidates. And Mr. Trump will have some traditional Republican fundraisers hosting events in the coming weeks.

Woody Johnson, owner of the New York Jets and a top fundraiser for 2012 GOP nominee Mitt Romney, will host two events for Mr. Trump in New York later this month. Mr. Trump will also do a three-day fundraising swing through Texas, including in Dallas, San Antonio and Houston.

Some members of the Trump-RNC finance team have moved quickly to begin raising money. Dallas-based investor Ray Washburne, a former RNC finance chairman and a vice-chairman for the committee, said he has been helping the committee set up fundraisers. “To raise the kind of money you need to raise in the time period we’re raising it, you need people that are experienced at raising money,” he said. “We’ve had years and years and years of doing this.”

Mr. Trump’s fundraising pitch is complicated by the fact that he spent more than a year blasting political donors as tools of the establishment and arguing that he alone could be independent because he was subsidizing his campaign. In January, he sent a tweet mocking Mr. Johnson’s team and his support of Mr. Bush, writing, “If Woody would’ve been w/me, he would’ve been in the playoffs, at least!”

Each of the six top fundraisers listed as “vice-chairmen” for the Trump-RNC fundraising committee previously supported another presidential candidate, and several of the donors appeared unenthused about Mr. Trump. “It would appear that he’s going to be the nominee,” said Mr. Leach, the presidential trustee, who hadn’t donated to Mr. Trump’s campaign per the most recent records. “He was not at the outset the person I picked, but he has the support of the voters,” Mr. Leach said.

Llwyd Ecclestone, another presidential trustee, said, “There are no responsibilities put on me. They’re using us like a board of directors.” Asked what he would do for the committee, he said he planned to be “in and out” over the course of the summer, traveling and sailing. “I’ll do it by phone,” he said.

On the campaign trail, Mr. Trump has railed against businesses moving factories outside the U.S. and the laws and trade deals that allowed them to do so, vowing not to allow the practice as president. But Mr. Binnie, host of the coming New Hampshire event, was chief of Carlisle Plastics Inc. in 1990, when it closed a factory with more than 400 jobs and built a new 60,000-square-foot facility in Tijuana, Mexico. Moving the plant, according to the company’s 1991 annual report signed by Mr. Binnie, “will significantly lower the division’s operating costs.”

In a brief phone interview Monday, Mr. Binnie confirmed he is hosting a fundraiser for Mr. Trump. When asked if his own corporate history contradicts Mr. Trump’s vow to boost American manufacturing by instilling high tariffs on companies to move jobs overseas, Mr. Binnie hung up the phone without responding.

Trump campaign spokeswoman Hope Hicks said Mr. Trump “looks forward” to attending Mr. Binnie’s fundraiser, which will also raise money for the Republican National Committee and 11 GOP state party organizations.

“Bill Binnie has created thousands of private sector jobs throughout his career and currently operates several major businesses in New Hampshire employing hundreds of residents,” Ms. Hicks said. “Mr. Trump looks forward to working with people like Bill to ensure jobs stay in our country and job creation is a top priority for all.”

Mr. Binnie’s corporate history played a significant role in his 2010 Senate race, when he lost a GOP primary to now-Sen. Kelly Ayotte, who attacked him for his statements in support of a path to citizenship for undocumented immigrants and in opposition to the Arizona law targeting illegal immigrants—both issues on which Mr. Trump, who pledges to build a wall on the Mexican border to restrict immigration, holds the opposite view. Ms. Ayotte, who faces re-election herself this year, has said she would vote for Mr. Trump in November but wouldn’t endorse his candidacy.

In 1996, Mr. Binnie sold Carlisle Plastics to Tyco International Inc., for stock valued at $121 million. He now operates an investment firm in Portsmouth, N.H., and a local television station, which he has said he started after being frustrated with how the local media covered his 2010 Senate race.
« Last Edit: June 08, 2016, 11:06:59 pm by sinkspur »
Roy Moore's "spiritual warfare" is driving past a junior high without stopping.

Offline INVAR

  • Hero Member
  • *****
  • Posts: 11,961
  • Gender: Male
  • Dread To Tread
    • Sword At The Ready
Re: Donald Trump Is Getting a Very Late Start on Fundraising
« Reply #1 on: June 09, 2016, 12:46:21 am »
This is hilarious.

Trump told everyone he was "self-funding" his campaign.

We can argue until the End of the Age whether he meant only the primary but the perception among most of the population is that Trump is paying for his own stuff.

After all, he bragged about his billions.

Now he needs to 'fundraise'???

No one is going to donate to a billionaire that bragged to everyone about how rich he was and then ran his race on the fact "I am the only candidate in this race who is self-funding my entire campaign".  A campaign he said that because it was self-funded that it would not be "owned" by special interests.  "Not ever".

The only interests donating to Trump are going to be all of those who want to "pay to play" and get perks and bennies when he is President.   Just like Hillary.



Fart for freedom, fart for liberty and fart proudly.  - Benjamin Franklin

...Obsta principiis—Nip the shoots of arbitrary power in the bud, is the only maxim which can ever preserve the liberties of any people. When the people give way, their deceivers, betrayers and destroyers press upon them so fast that there is no resisting afterwards. The nature of the encroachment upon [the] American constitution is such, as to grow every day more and more encroaching. Like a cancer, it eats faster and faster every hour." - John Adams, February 6, 1775

Offline sitetest

  • Hero Member
  • *****
  • Posts: 680
  • #NeverEVERtrump. #Neverhitlery
Re: Donald Trump Is Getting a Very Late Start on Fundraising
« Reply #2 on: June 09, 2016, 12:54:29 am »
This is hilarious.

Trump told everyone he was "self-funding" his campaign.

We can argue until the End of the Age whether he meant only the primary but the perception among most of the population is that Trump is paying for his own stuff.

After all, he bragged about his billions.

Now he needs to 'fundraise'???

No one is going to donate to a billionaire that bragged to everyone about how rich he was and then ran his race on the fact "I am the only candidate in this race who is self-funding my entire campaign".  A campaign he said that because it was self-funded that it would not be "owned" by special interests.  "Not ever".

The only interests donating to Trump are going to be all of those who want to "pay to play" and get perks and bennies when he is President.   Just like Hillary.

He's only $300 million to $500 million behind.  He's such a rich dude, I mean, really rich, YUGELY  rich, he should just stroke a check.  During the primaries, I remember his cultists telling me he could self-fund to a billion dollars, easy.  So what's the hold up, stumpy?
Former Republican.

Offline Fantom

  • Hero Member
  • *****
  • Posts: 3,030
  • Gender: Male
Those who profess to favor freedom, and yet deprecate agitation, are men who want crops without plowing up the ground, they want rain without thunder and lightning, they want the ocean without the awful roar of its many waters.

Frederick Douglass

Offline sitetest

  • Hero Member
  • *****
  • Posts: 680
  • #NeverEVERtrump. #Neverhitlery
Re: Donald Trump Is Getting a Very Late Start on Fundraising
« Reply #4 on: June 09, 2016, 01:04:50 am »

Well.. I thought funding was no problem for the Mouth.

http://www.usatoday.com/story/news/politics/elections/2015/08/16/trump-says-willing-spend-billion-campaign/31793835/

@Fantom

A billion dollars.  That's what I thought.  And they say he only needs a few hundred million to catch up.  What's the hold up?
Former Republican.

Offline Gov Bean Counter

  • Hero Member
  • *****
  • Posts: 1,483
Re: Donald Trump Is Getting a Very Late Start on Fundraising
« Reply #5 on: June 09, 2016, 01:08:42 am »
"Bill Binnie, who in 1990 was chairman and CEO of a plastics company that closed a California factory and moved the jobs to Mexico, will host a New Hampshire fundraiser on Monday for Mr. Trump, who has made railing against such relocations a centerpiece of his campaign."

You gotta be kidding me.
Donald Trump - Simple solutions for the simple minded...

Offline Fantom

  • Hero Member
  • *****
  • Posts: 3,030
  • Gender: Male
Re: Donald Trump Is Getting a Very Late Start on Fundraising
« Reply #6 on: June 09, 2016, 01:10:36 am »
@Fantom

A billion dollars.  That's what I thought.  And they say he only needs a few hundred million to catch up.  What's the hold up?

Right, Scam Wow has only put up a partly 50 mill .. and a Loan at that to his campaign. trump said he would spend a billion of his own money... "sell a building or two"  if he had too.

Well.. he ain't getting any money from me.. maybe his hoard of meth heads(and the few good trump supporters here) need to ponie up some trump money.

LOL.
Those who profess to favor freedom, and yet deprecate agitation, are men who want crops without plowing up the ground, they want rain without thunder and lightning, they want the ocean without the awful roar of its many waters.

Frederick Douglass

Offline sitetest

  • Hero Member
  • *****
  • Posts: 680
  • #NeverEVERtrump. #Neverhitlery
Re: Donald Trump Is Getting a Very Late Start on Fundraising
« Reply #7 on: June 09, 2016, 01:13:59 am »
Right, Scam Wow has only put up a partly 50 mill .. and a Loan at that to his campaign. trump said he would spend a billion of his own money... "sell a building or two"  if he had too.

Well.. he ain't getting any money from me.. maybe his hoard of meth heads(and the few good trump supporters here) need to ponie up some trump money.

LOL.

@Fantom

Maybe if all his supporters give  up method for one day, they could raise the $300 - $500 million.
Former Republican.

Online kevindavis007

  • Hero Member
  • *****
  • Posts: 12,487
  • Gender: Male
Re: Donald Trump Is Getting a Very Late Start on Fundraising
« Reply #8 on: June 09, 2016, 01:15:09 am »
"Bill Binnie, who in 1990 was chairman and CEO of a plastics company that closed a California factory and moved the jobs to Mexico, will host a New Hampshire fundraiser on Monday for Mr. Trump, who has made railing against such relocations a centerpiece of his campaign."

You gotta be kidding me.


Welcome to the Chicago way, pay for play....
Join The Reagan Caucus: https://reagancaucus.org/ and the Eisenhower Caucus: https://EisenhowerCaucus.org

Ronald Reagan: “Rather than...talking about putting up a fence, why don’t we work out some recognition of our mutual problems and make it possible for them to come here legally with a work permit…earning here they pay taxes here.”

Offline INVAR

  • Hero Member
  • *****
  • Posts: 11,961
  • Gender: Male
  • Dread To Tread
    • Sword At The Ready
Re: Donald Trump Is Getting a Very Late Start on Fundraising
« Reply #9 on: June 09, 2016, 02:09:22 am »
We need to bold this part:


"Bill Binnie, who in 1990 was chairman and CEO of a plastics company that closed a California factory and moved the jobs to Mexico, will host a New Hampshire fundraiser on Monday for Mr. Trump, who has made railing against such relocations a centerpiece of his campaign."


Shouldn't be surprising coming from a self-identifying "Conservative" who endorsed, funded and voted for known Communist Bill DeBlasio for NYC mayor just 3 years ago.
Fart for freedom, fart for liberty and fart proudly.  - Benjamin Franklin

...Obsta principiis—Nip the shoots of arbitrary power in the bud, is the only maxim which can ever preserve the liberties of any people. When the people give way, their deceivers, betrayers and destroyers press upon them so fast that there is no resisting afterwards. The nature of the encroachment upon [the] American constitution is such, as to grow every day more and more encroaching. Like a cancer, it eats faster and faster every hour." - John Adams, February 6, 1775

geronl

  • Guest
Re: Donald Trump Is Getting a Very Late Start on Fundraising
« Reply #10 on: June 09, 2016, 02:57:55 am »
Trump plans to suck the RNC dry before he drops out in late October.

geronl

  • Guest
Re: Donald Trump Is Getting a Very Late Start on Fundraising
« Reply #11 on: June 09, 2016, 02:59:11 am »
"Bill Binnie, who in 1990 was chairman and CEO of a plastics company that closed a California factory and moved the jobs to Mexico, will host a New Hampshire fundraiser on Monday for Mr. Trump, who has made railing against such relocations a centerpiece of his campaign."

You gotta be kidding me.

Trump is fine with relocations when it benefits him personally.

This whole immigration and wall shtick is an act, it's all show.