Donald Trump May Need A Lot Of Rich Backers After All

Even if Donald Trump is “really rich”—as he reminds the world frequently—he doesn’t have nearly enough money to fund a general-election campaign, if he ends up being the Republican nominee for president.

Trump has made it this far mostly by self-funding his campaign, with help from donors who have sent in around $7.5 million in contributions of $2,700 or less. But that model won’t work in the fall if it’s Trump v. the Democratic nominee, most likely Hillary Clinton. “We’ll see an end to the self-funding if he becomes the nominee,” says Republican strategist Ford O’Connell, who worked on the 2008 McCain-Palin campaign. “He’ll have to raise in excess of $1 billion.”

Republican donors have plenty of money to give, but Trump is in a tricky spot because he has sworn off super PACs, the groups able to raise unlimited amounts from wealthy contributors. Trump says donors writing six-, seven- or eight-figure checks “have corrupted our politics and politicians for far too long,” and has vowed not to accept big donations.

Read more form Rick Newman at Yahoo Finance

Do you like this post?
Analysis & Political Strategy