WRITTEN BY
Tim FernholzDONALD DOLLARS
Donald Trump’s campaign is spending money on all the wrong things
Donald Trump’s presidential campaign continues to funnel money to the candidate’s businesses and family, the latest campaign financial disclosures show, and his operation is far from prepared for the final push of this election season.
It’s not just that his rival Hillary Clinton is raising more money and spending it on TV ads and field organizers getting out the vote, though she is: Clinton raised $52 million and spent $38 million in July; Trump raised $36 million and spent $18 million. It’s that the money Trump takes in is spent really inefficiently.
A lot of money still goes back to Trump’s own pocket
The campaign has spent $7.7 million at Trump family companies, about 9% of his total campaign spending. The bulk, $5.6 million, went to Trump’s private jet company, as well as payments to various Trump buildings for office and living space, including Trump Tower in New York City ($881,000) and the Mar-a-Lago Club in Florida ($432,000). The campaign has paid Eric Trump’s winery almost $5,000, and reimbursed Donald Trump, Jr. almost $20,000 in travel costs. Trump has said he won’t ask his campaign to pay back the “almost $50 million” he has loaned it—which now totals $47.5 million.
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