Sunday, December 20, 2020

Trump Amassed Huge Slush Fund By Conning His Supporters


 The most successful grifter in America today is Donald Trump. He has raised a huge slush fund, which he can spend any way he wishes, by conning his supporters. He raised money by claiming he needed it to fight in the courts the election fraud and by saying it would go to help the Senate candidates in Georgia. It didn't go to either. Some went to the RNC, but most went into Trump's leadership PAC -- Save America.

Here is part of how The New York Times is reporting Trump's latest con:

Donald J. Trump will exit the White House as a private citizen next month perched atop a pile of campaign cash unheard-of for an outgoing president, and with few legal limits on how he can spend it.

Deflated by a loss he has yet to acknowledge, Mr. Trump has cushioned the blow by coaxing huge sums of money from his loyal supporters — often under dubious pretenses — raising roughly $250 million since Election Day along with the national party.

More than $60 million of that sum has gone to a new political action committee, according to people familiar with the matter, which Mr. Trump will control after he leaves office. Those funds, which far exceed what previous outgoing presidents had at their disposal, provide him with tremendous flexibility for his post-presidential ambitions: He could use the money to quell rebel factions within the party, reward loyalists, fund his travels and rallies, hire staff, pay legal bills and even lay the groundwork for a far-from-certain 2024 run.

The post-election blitz of fund-raising has cemented Mr. Trump’s position as an unrivaled force and the pre-eminent fund-raiser of the Republican Party even in defeat. His largest single day for online donations actually came after Election Day — raising almost $750,000 per hour on Nov. 6. So did his second biggest day. And his third. . . .

For Mr. Trump, the quarter-billion dollars he and the party raised over six weeks is enough to pay off all of his remaining campaign bills and to fund his fruitless legal challenges and still leave tens of millions of dollars. . . .

The Trump political apparatus has taken advantage of the grass-roots energy and excitement over the two runoffs to juice its own fund-raising. Email and text solicitations have pitched Trump supporters to give to a “Georgia Election Fund,” even though no funds go directly to either Republican senator on the ballot, irritating some Senate G.O.P. strategists.

Instead, the fine print shows 75 percent of the donations to the Georgia fund go to Mr. Trump’s new PAC, called Save America, with 25 percent to the Republican National Committee.

After weeks of shouting “FRAUD” to supporters in emails and asking them to back an “Election Defense Fund” (which also sent 75 percent of donations to his new PAC), the Trump operation has subtly shifted its tone and focus, returning to more sustainable pre-election themes, like hawking signed hats and opposing socialism. . . .

For a sense of scale of just how much money Mr. Trump will have at his disposal, the new Trump PAC’s $60 million-plus haul — and counting — is about as much money as he spent to win his party’s presidential nomination in 2016. . . .

“A leadership PAC is a slush fund,” said Meredith McGehee, executive director of Issue One, a group that supports increased political transparency. “There are very, very, very few limits on what he can’t spend money on.”

No comments:

Post a Comment

ANONYMOUS COMMENTS WILL NOT BE PUBLISHED. And neither will racist,homophobic, or misogynistic comments. I do not mind if you disagree, but make your case in a decent manner.