The 45th President of the United States of America said on Tuesday that he is willing to shell out millions of dollars of his own to fuel his second term campaign to the White House, Bloomberg News confirms.
Donald Trump considers spending as much as $100 million of his own money on his re-election campaign, sources say https://t.co/hty437fOIZ— Bloomberg (@business) September 8, 2020
With different polls showing how the incumbent president lagged against presidential rival, Joe Biden on key issues hurting his administration, Donald Trump firmly believes that he could regain the Oval office this November and could beat Joe Biden.
"If I have to, I will," the billionaire president told reporters about the said self-funding before boarding Air force 1 to Florida. He added, "whatever it takes. We have to win. This is the most important election in the history of our country," when asked how much money he was willing to spend. According to personalities closed with the internal deliberations, Trump has opened up about this idea with multiple people, but he hasn’t yet committed to any self-funding. On the contrary, because of successful grassroots campaigns and fundraising events, the former Vice President Joe Biden and his Democratic team raised more than Trump and his supporters. The blue side of the race reportedly raised a record-shattering monthly haul of $364.5 million in August alongside the Democratic National Committee.
When asked about the chances of the president using his wealth on this campaign, Trump’s campaign spokesman Tim Murtaugh responded via email to Bloomberg News. He claimed that “President Trump’s fundraising is breaking records and we are paying close attention to the budget, allowing us to invest twice as much from now until Election Day than we did in 2016.” Murtaugh added, “President Trump has also built the world’s greatest digital fundraising operation, a dominant ground game, and a third advantage Joe Biden can never match – enthusiasm.”
My Campaign spent a lot of money up front in order to compensate for the false reporting and Fake News concerning our handling of the China Virus. Now they see the GREAT job we have done, and we have 3 times more than we had 4 years ago - & are up in polls. Lots of $’s & ENERGY!— Donald J. Trump (@realDonaldTrump) September 8, 2020
....Like I did in the 2016 Primaries, if more money is needed, which I doubt it will be, I will put it up!— Donald J. Trump (@realDonaldTrump) September 8, 2020
As of press time, Trump and the Republican National Committee have not released their fundraising numbers for the month. However, based on available resources, it suggests that Trump’s re-election effort has spent more than $800 million of the $1.1 billion that it's raised from the beginning of 2019.