How Biden beats ‘billionaire’ Trump with cash flow problems

Fundraising emails sent out by the Trump campaign hit American inboxes at an alarming rate last week, even by current local standards.

Amid the tsunami of messages, Donald Trump never actually admitted to being emotional. But the urgency with which he needs to raise some cash is self-evident, just look at the increasingly worrying themes in his email blitz.

“Trump Tower will never be occupied!” read one. “Keep your dirty hands off Trump Tower,” read another article, which was directed at New York authorities who may confiscate his winnings to pay after his businesses were found to be involved in fraud. Part of the $464 million levied.

Trump’s urgent need to bring in new cash is a direct result of President Joe Biden’s current massive financial advantage in the race for the White House. His reelection campaign has been raking in cash over the past few weeks, with President Biden’s successful State of the Union address earlier this month sparking a record influx of donations.

As it stands, President Biden enjoys a nearly $40 million advantage over Trump, with a war chest of more than $70 million, compared to Trump’s relatively paltry $33.5 million. Worse for Republicans, Trump has been burning through money at a faster rate. Filings with the Federal Election Commission show the president has spent $45 million so far this election cycle.

The president’s reelection team has spent $30 million early on, focusing on seven battleground states that will win or lose the presidency.

The president is now betting that his early advertising blitz in those states, coupled with his ability to hire hundreds of additional staff there, will have a significant impact as Election Day approaches.

Trump’s strategists note that he has consistently outperformed President Biden on so-called “earned media”: the news coverage that accompanies Trump’s every move.

In 2016, it was estimated that free media coverage was worth more than $2 billion to Trump’s first campaign. In 2024, owners of major U.S. broadcasters continue to see Trump as Box office hits despite falling audience numbersand has largely rejected calls from Democrats to be more cautious before opening up the airwaves to him.

But this self-proclaimed “billionaire” He must pay today $464 million bail due in New York civil fraud casemay have seen a financial get-out-of-jail-free card.

A deal struck last week would make Trump Media, owner of the former president’s “Truth Social” platform, a publicly traded company, could give him an additional $3 billion through 79 million shares He will have a new entity.

The “Trump Media and Technology Group” will trade under the symbol “DJT” and reports suggest a merger will happen soon, potentially saving him within weeks. He could then cash in some of the stock, easing the financial judgment he faces in court and a cash crunch for his own campaign.

It’s also worth noting that while money is crucial to any presidential campaign, it’s not always the deciding factor. Republican Senator Phil Gramm from Texas Run for party nomination. He raised $8 million back in 1994 and claimed the cash alone would be enough to get him into the White House. “Money is the mother’s milk of American politics,” he proudly declared.

But after Graeme found out his campaign was failing Previously invested exist pornography. That he dropped out of the race before the New Hampshire primary — and failed miserably despite all the cash he had saved up — also showed how much American politics had changed.