Donald Trump is a scoundrel. Is Anyone surprised? We knew he’d filed bankruptcy four times in the past. He’s proud to tell everyone that it was one of his companies, and not personal bankruptcy.
However, the way he’s running his campaign is a clear indication that he never seriously planned to be the President of the United States. It was the campaign in which Trump wanted to participate. Remember when he said in 2000 “It’s very possible that I could be the first presidential candidate to run and make money on it.” Raking in donations and then paying himself back—with interest—would be one good way to do that, in addition to payments to himself for services rendered. It appears that is exactly what he has done. Who’s the fool now? Trump told us 16 years ago what he would do, and why he’d do it. Now he has done it. Paul Ryan, a campaign finance expert explained: “He could end up turning a profit if he repaid himself for the campaign loans.” “He could get all his money back plus the profit margin for what his campaign has paid himself for goods and services.”
Open Secrets reports that as of May 31, 2016 the Trump campaign is in debt $45,703,185! As yourself who would be foolish/smart enough to loan the campaign that much money. Donald Trump of course. 72% of the campaign funds represent a LOAN from Donald Trump to his campaign. Individual contributions to the campaign amount to a mere 27% of campaign contributions. That means that Donald has taken in only $16,956,908 in campaign financing from donors other than Donald himself.
According to documents submitted to the Federal Election Commission, Mr. Trump, whose campaign has just $1.3 million cash on hand, paid at least $1.1 million to his businesses and family members in May for expenses associated with events and travel costs. The total represents nearly a fifth of the $6 million that his campaign spent in the month. So consider the expenses that he paid with campaign funds:
- His fleet of private planes represent an outrageous expense. In May alone the campaign spent $350,000 for his private airplanes,
Donald Trump’s Boeing 757 cost the real estate mogul $100 million. The massive plane, dubbed Trump Force One, features seating for 43, a silk-lined master bedroom, a master bath with 24-karat gold fixtures, and even gold plated seat belts.
2. His campaign spent $423,000 in May alone at the ostentatious Mar-a-Lago club.
3. Trump spent $125,000 for food at Trump Restaurants.
4. He spent more than $170,000 at Trump Tower, the Manhattan skyscraper that houses the campaign’s headquarters.
5. He is even paying himself a salary of $3,085 in May.
“Historically, candidates would separate themselves from their business interests when running for office. Trump has done the opposite by promoting his businesses while running for office.”
The most important number in the filing is $1,289,507.76. That’s the amount of cash the Trump campaign had on hand as of May 31, a grossly inadequate sum for the demands of a contemporary presidential campaign, which requires a large national staff, a sophisticated get-out-the-vote operation and lots of television advertising. It wouldn’t even be enough for a good Senate campaign — or a three-bedroom home in Santa Monica. In contrast, Hillary Clinton’s campaign had more than $42 million in cash on hand and raised $16 million more than Trump in May alone.
An Associated Press analysis found that $6.2 million, or about 10 percent of Trump’s total campaign expenditures, were spent on Trump companies including Trump Tower Commercial LLC.
It seems that any adversary of Trump wouldn’t have to debate him on any issue, but rather could defeat him simply by saying, “Show Me the Money.” America can’t afford to elect Donald Trump as the next President. He’d put country in bankruptcy, while he’d leave office wealthier than when he was elected.