Is Trump Broke?

Nicholas Confessore and Rachel Shorey write in the New York Times that,

Donald J. Trump enters the general election campaign laboring under the worst financial and organizational disadvantage of any major party nominee in recent history, placing both his candidacy and his party in political peril.

Which is to say, the mogul who claimed to be rich enough that he would not need to ask for campaign contributions from anyone, thus making him a truly unencumbered candidate, is a little short of what it takes to run a modern presidential campaign.

How short?

Well, Confessore and Shorey write that,

Mr. Trump began June with just $1.3 million in cash on hand, a figure more typical for a campaign for the House of Representatives than the White House. He trailed Hillary Clinton, who raised more than $28 million in May, by more than $41 million, according to reports filed lateMonday night with the Federal Election Commission.

One might expect that Hillary Clinton would be bringing in the cash at a robust clip. She does, after all, have a line of credit at Goldman Sachs. So it is even more striking that, as The Hill reports,

Bernie Sanders’s presidential campaign raised $15.6 million in the month of May, ending the month with more than $9.2 million in cash on hand, Federal Election Commission reports show.

So the socialist is better at raising money than the mogul. Far better, in fact. This is just one more anomaly in this strange election year when experts say that a can-do, get-er-done presidential campaign requires no less than $300 million and that a billion is more like it. And it appears, at this time, that Trump is exceedingly unlikely to raise that kind of money.

So maybe he’ll ask Bernie for a loan. He might also try Ted Cruz, who is sitting on $7 million. Time is short and every little bit helps.

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