Trump super-PACs finding it hard to collect on pledges

[thatcher]

Trump super-PACs finding it hard to collect on pledges

A pair of super-PACs set up to boost Donald Trump have been struggling to collect on big dollar commitments to fund TV ads against Hillary Clinton, amid mounting signs that major GOP donors are still spooked about backing the presumptive Republican nominee.

So far, the pro-Trump super-PACs have banked only a small fraction of the tens of millions of dollars they had been promised by big contributors, sources familiar with the groups’ fundraising operations tell Yahoo News. ‘What we’re seeing is that the donors are just frozen, they’re paralyzed,” said one frustrated super-PAC fundraiser.

In early June, private equity mogul Thomas Barrack got big headlines when he told CNN that he had lined up $32 million in pledged contributions to Rebuilding America Now, a super-PAC he helped establish to promote Trump’s candidacy. That came as Trump’s campaign chairman, Paul Manafort, was telling donors that Barrack’s operation was the campaign’s preferred destination for big-dollar, unlimited contributions that only super-PACs are legally allowed to receive.

But Rebulding America Now has collected only $2 million of those pledges — from a single donor — Laurance Gay, the managing director of Rebuilding America Now, confirmed to Yahoo News. “Not every pledge becomes a contribution,” he said. Gay declined to disclose the identities of the donors who so far have failed to fulfill their pledges.

Moreover, in a potentially ominous sign, Barrack — a longtime friend of Trump —  has backed away from an active role in raising money for Rebuilding America Now. He did so after getting warnings from his Chinese business partners that his high-profile support for Trump could disrupt his firm’s plans for major investments in China, according to one veteran GOP strategist who has been in close touch with Trump’s operation.

...

Another big problem, according to Rollins and others, is Trump himself.  After a disastrous report two weeks ago that his campaign committee had only $1.3 million in the bank (compared with $42 million for Clinton) Trump stepped up fundraising events and launched an online effort that appears to have backfired this week with the disclosure that it included online email solicitations of foreigners — including members of the British Parliament.  (It’s illegal for foreigners to contribute to U.S. political campaigns and watchdog groups have responded by filing complaints about Trump’s fundraising with the Federal Election Commission.)

Read more:  https://www.yahoo.com/news/trump-super-pacs-finding-it-hard-to-collect-on-pledges-224542129.html?nhp=1

[jmyrlefuller]

That's OK, he's really really rich, and he'll fund his own campaign, and he isn't owned by the SuperPACs, remember?

[Mechanicos]

An article about nothing. People with money are waiting to see what happens at the Convention before making an irrevocable cash transfer of a lot of their money. 

[Cowboyway]

An article about nothing. People with money are waiting to see what happens at the Convention before making an irrevocable cash transfer of a lot of their money.

So, what will you say after the convention if the money doesn't roll in?

Lookit, Donald's constant braggadocio about being self funded and not owned is the reason the donations aren't pouring in.  The Hilderbeast ain't having donation problems before her coronation.

[Mechanicos]

So, what will you say after the convention if the money doesn't roll in?

Lookit, Donald's constant braggadocio about being self funded and not owned is the reason the donations aren't pouring in.  The Hilderbeast ain't having donation problems before her coronation.

I would say with the Anti's track record of predictions there is nothing to worry about.

[NavyCanDo]

An article about nothing. People with money are waiting to see what happens at the Convention before making an irrevocable cash transfer of a lot of their money.

So you are saying there is a chance that the delegates will not vote Trump the nominee or some other miricle happens stopping him.  Thanks for the confidence builder.

[Silver Pines]

I would say with the Anti's track record of predictions there is nothing to worry about.

Anti-what?

[Cowboyway]

I would say with the Anti's track record of predictions there is nothing to worry about.

I'm not making any predictions.  I'm just curious as to how you'd spin it after the convention if the donations don't come pouring in.

Of course, this is assuming that Trump actually gets the nomination.

[HonestJohn]

Well, when most of your 'pledges' probably come from fake internet trolls...

... you get this:


http://www.youtube.com/watch?v=XYUEW3_WvH0

[geronl]

"We have a pledge of $1 million dollars from a Michelle Achmed Hussein Ibn Muhammad Obama from 1600 Pennsylvania Ave in DC... we need to collect that right now!" - Trump

"I'll make them wish they were dead if they don't pay up!" - R Stone

"I think this might be fake." - staffer

"You're fired, you hater!" - Trump

[HonestJohn]

"We have a pledge of $1 million dollars from a Michelle Achmed Hussein Ibn Muhammad Obama from 1600 Pennsylvania Ave in DC... we need to collect that right now!" - Trump

"I'll make them wish they were dead if they don't pay up!" - R Stone

"I think this might be fake." - staffer

"You're fired, you hater!" - Trump

Possible Trump donators:

Suq Madiq           - $12,000
Liqa Madiq          - $7,000
Munchma Quchi - $5,000