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How Trump plowed through $1 billion, losing cash advantage

Added 10-20-20 02:22:02am EST - “President Donald Trump's sprawling political operation has raised well over $1 billion since he took the White House in 2017 - and set a lot of it on fire.” - Washingtontimes.com

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Posted By TheNewsCommenter: From Washingtontimes.com: “How Trump plowed through $1 billion, losing cash advantage”. Below is an excerpt from the article.

WASHINGTON (AP) - President Donald Trump’s sprawling political operation has raised well over $1 billion since he took the White House in 2017 - and set a lot of it on fire.

Trump bought a $10 million Super Bowl ad when he didn’t yet have a challenger. He tapped his political organization to cover exorbitant legal fees related to his impeachment. Aides made flashy displays of their newfound wealth - including a fleet of luxury vehicles purchased by Brad Parscale, his former campaign manager.

Meanwhile, a web of limited liability companies hid more than $310 million in spending from disclosure, records show.

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Now, just two weeks out from the election, some campaign aides privately acknowledge they are facing difficult spending decisions at a time when Democratic nominee Joe Biden has flooded the airwaves with advertising. That has put Trump in the position of needing to do more of his signature rallies as a substitute during the coronavirus pandemic while relying on an unproven theory that he can turn out supporters who are infrequent voters at historic levels.

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