Recent quarterly fundraising numbers revealed that President Joe Biden raised about twice as much money for his 2024 campaign as Donald Trump did. These numbers weren’t surprising. Not that many people want to give money to someone’s “campaign” when they know the money is just going to be spent on his legal costs and they know he’s going to prison anyway. Some superfans are going to give money to Trump’s fake 2024 campaign anyway, out of symbolism or spite. But any potential Trump donor who’s thinking in pragmatic terms is going to simply hang onto their money.
The whole thing creates a catch-22 for Trump. Not enough people are donating to his campaign because they know it’s not real, so there isn’t enough money in the pot to begin with. Then Trump keeps raiding the piggy bank to pay for his legal costs, and pretty soon it’s empty. That point was always going to arrive eventually, and it looks like it’s arriving now.
Trump’s “Save America” PAC is so short on money, it recently had to request a $60 million refund from another Trump related PAC, according to the New York Times. It goes to show how politicians like Trump tend to shuffle money around from entity to entity for their own purposes. But if there’s not enough money coming in to begin with, and Trump is bleeding it all dry with his legal costs, then it doesn’t do much good to shuffle money around. At some point there just aren’t the funds.
So here we are fifteen months out from the 2024 election, and Donald Trump’s campaign fundraising apparatus is already running out of money. It goes to show that you can’t just pretend to run for President as a way of paying your legal bills, and expect enough people to get on board to keep things afloat. This whole thing was a transparent house of cards, and it’s starting to tumble from a financial standpoint already.
This also proves once and for all that Donald Trump’s base cannot magically save him. If Trump’s base were large enough and willing enough, his 2024 election coffers would be overflowing with money. Instead he’s only managed to raise a hilariously small amount of money for a supposed “frontrunner,” and it doesn’t even appear to be enough to cover his legal bills.
If things are looking bad for Trump now, consider that he’s days away from being criminally indicted for January 6th, and he’ll likely go on trial for that in federal court in Washington DC this year. We’re talking about Trump being tried, convicted, and sentenced to prison while it’s still 2023. In the eyes of donors, Trump is already having trouble selling himself as a viable candidate. That’s not going to get easier when he’s sent to prison.
Bill Palmer is the publisher of the political news outlet Palmer Report