Trump says he is willing to spend his own money to win re-election
US President Donald Trump, dealing with the potential of a money crunch, mentioned on Tuesday he would spend “no matter it takes” of his personal cash to finance his 2020 presidential marketing campaign in opposition to Democrat Joe Biden if he needed to.
The Republican president, who trails Biden in opinion polls forward of the Nov. three election, instructed journalists sooner than commencing for a shuttle to Florida that the marketing campaign had double or triple what it had in 2016 however he would spend his personal cash if wanted.
“If I’ve to, I might,” Trump mentioned.
The New York Occasions reported that Trump’s preliminary monetary supremacy over former Vice President Biden previous this yr had evaporated, and that of the $1.1 billion his marketing campaign and the birthday party raised from the start of 2019 via July, greater than $800 million already were spent.
Biden and the Democratic Nationwide Committee raised a blended $364.five million in August, shattering the per month file for fundraising by means of a presidential marketing campaign. Trump and Republicans have no longer introduced their August haul.
Trump, who used to be a rich New York-based actual property developer sooner than getting into politics, used to be requested how a lot he would possibly need to spend from his personal non-public fortune. He needed to dip into his personal cash in 2016 to assist pay for his marketing campaign.
“No matter it takes. We need to win. That is a very powerful election within the historical past of our nation,” he mentioned.
Trump marketing campaign supervisor Invoice Stepien, who took over from Brad Parscale in mid-July, instructed journalists on a marketing campaign press name on Tuesday that “we at the moment are sparsely tracking the funds.”
Stepien mentioned the marketing campaign can have extra assets to spend than it had in Trump’s 2016 victory and that “we are very comfy and assured” in how cash is now being spent.
Trump, below power for his dealing with of the coronavirus pandemic, on Tuesday used to be touring to 2 states essential to his re-election: Florida and North Carolina.
With many Republicans pointing arms at Parscale for spending closely previous within the marketing campaign, Trump defended him in a tweet.
The president mentioned that because of the virus, his marketing campaign used to be pressured to spend so much previous this yr to counter what he felt used to be damaging information protection.
“We did, and are doing, a GREAT task, and feature some huge cash left over, a lot more than 2016,” he wrote.
