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submitted 9 months ago by DevCat@lemmy.world to c/politics@lemmy.world

Donald Trump’s political operation is reeling after spending around $60 million on legal fees pertaining to the four criminal indictments and various ongoing civil lawsuits against him.

Disclosures indicate that Trump’s campaign and the various political action committees supporting it blew through tens of millions of dollars in 2023, leaving him cash-strapped heading into 2024.

Save America PAC, Trump’s primary PAC heading into his likely rematch with President Joe Biden, once had over $100 million in the bank. Now, it has just a little over $5 million left after spending over $25 million on legal bills in the second half of last year alone.

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[-] Nobody@lemmy.world 142 points 9 months ago

And Trump's donations have sucked all the air out of the room for all GOP candidates, state parties, etc. They're throwing the 2024 war chest down the endless hole of Trump's legal problems. Isn't he supposed to be a billionaire?

[-] Kraven_the_Hunter@lemmy.dbzer0.com 51 points 9 months ago

Yeah, as literally every developer in NY said for years. Even before his presidential run:

"How do you make $1M in real estate?"

A: Give Trump $100M.

[-] Aidinthel@reddthat.com 21 points 9 months ago

Trump's supposed wealth was always mostly marketing. Being a billionaire was literally his brand image.

[-] squiblet@kbin.social 12 points 9 months ago

It’s a lot like how Elron Musk theoretically is worth billions, but still feels the need to run funny schemes on doge coin. He can’t sell substantial amounts and get cash without reducing the Tesla share price and thus his overall net worth even more than what he took out.

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[-] wildcardology@lemmy.world 9 points 9 months ago

He's a billionaire because he doesn't spend his own money. He spends someone else's.

[-] Burn_The_Right@lemmy.world 82 points 9 months ago* (last edited 9 months ago)

He's not strapped for cash. He sold U.S. secrets to the Saudis for $2 Billion. Jared Kushner is holding his money for him. He won't actually be broke until we go after that pot of stolen gold.

[-] Bluefalcon@discuss.tchncs.de 18 points 9 months ago* (last edited 9 months ago)

You know Kishner and Ivanka flipped on him. They probably negotiated too keep the money in exchange for their information on what he did.

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[-] billiam0202@lemmy.world 60 points 9 months ago

Maybe that's because his PAC is blowing millions getting its ass kicked in Ukraine?

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[-] gregorum@lemm.ee 51 points 9 months ago

What wonderful news to start my day

[-] LarmyOfLone@lemm.ee 37 points 9 months ago

Holy fuck he's paying his own legal bills from campaign money? I guess it's not illegal.

[-] squiblet@kbin.social 20 points 9 months ago

He had the RNC paying them for a while. Supposedly what he’s doing now is okay because his website says that’s where the money is going.

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[-] Treczoks@lemmy.world 16 points 9 months ago

Way to many things about campaigning and financing are not illegal, and that needs to get fixed.

[-] jkrtn@lemmy.ml 9 points 9 months ago

Oh, yeah, that'd be great, but corporations are people. Except in terms of wage theft, unsafe working conditions, or dangerous products. There's nobody to put in jail for those, nothing we can do, sorry!

[-] cultsuperstar@lemmy.world 32 points 9 months ago* (last edited 9 months ago)

No worries, he'll release some more NFT trading cards for $2-300 a pop and he'll sell a shit ton of them because his followers are fucking dumbshits. Bitch and moan about the economy but then buy his crap.

[-] Cqrd@lemmy.dbzer0.com 18 points 9 months ago

They're also a very easy way to launder money from Russia

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[-] ilinamorato@lemmy.world 16 points 9 months ago

"Biden's economy is so bad that I can't pay my Trump bill this month!"

/s, obviously

[-] partial_accumen@lemmy.world 31 points 9 months ago

He's gonna need to sell a whole lot more digital trading cards to refill the coffers. I wonder how many times he can do that scam and still have it work.

[-] ThePantser@lemmy.world 17 points 9 months ago

Forever because his supporters are mindless drones that do as he demands. Much like those mega churches both are cults.

[-] GluWu@lemm.ee 8 points 9 months ago

I wonder if churches are seeing a loss in their ~~profits~~donations and might turn against their orange God.

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[-] slingstone@lemmy.world 30 points 9 months ago

How is it legal for him to use funds raised for a political campaign on his personal legal fees? Isn't this a kind of fraud or something?

[-] citrusface@lemmy.world 27 points 9 months ago* (last edited 9 months ago)

Legally - Trump can't use the super PAC funds at all. The super PAC decides what it does with the money. The PAC chose to pay the legal fees... However - we all know behind closed doors there is plenty of communication about what that money is used for...

At least that is my understanding of super pacs

Edit: it's not a super PAC sorry, just a PAC. I'm not a Pac-Man so I got confused. Wakka wakka.

[-] cordlesslamp@lemmy.today 6 points 9 months ago

, EH EH. Tsamina mina zangalewa This time for Africa.

[-] TheJims@lemmy.world 26 points 9 months ago

Maybe he should stop harassing his rape victim.

[-] aew360@lemm.ee 17 points 9 months ago

They blew the entire war chest on legal fees and he still can’t afford to pay his lawyers.

It would have been a lot cheaper to just, you know, not incite an insurrection and defraud investors and sexually abuse women.

[-] TropicalDingdong@lemmy.world 17 points 9 months ago

Hurr hurr hurr hurr..

As with any war, strategy takes a back seat to logistics, and logistics take a back seat to financing.

Can't win a war with out money for lunchables for the crayon eaters (love you). Go after the sources of funding and the game gets real, real quick.

A butchered quote from my favorite book on strategy:

The worst is to go after their fortresess, and the next worse to go after their soldiers in the field.

Beyond that it is better to go after their ability to organize, their logistics. Better even, to go after their alliances and finances.

Best of all is to win in the field of their ideas themselves.

People pay Trump because of a parasocial relationship where they believe they are having some effect. If they see that money as being lit on fire for Trumps failed court proceedings, this is an oppurtunity to drive a wedge between Trump and what he needs so much to keep his, likely absurd, burn rate going. Go after his relationships.

[-] Semi-Hemi-Demigod@kbin.social 16 points 9 months ago

Best of all is to win in the field of their ideas themselves.

"A true victory is to make your enemy see they were wrong to oppose you in the first place." - Gul Dukat

[-] OpenStars@startrek.website 13 points 9 months ago

He literally could not afford to not run for President, no matter what effects that has upon the nation (especially if he wins).

[-] Arcane_Trixster@lemm.ee 17 points 9 months ago

It's funny, if he never decided to run for president, he could have kept scamming people and assaulting women until he died and no one would have really cared.

Now he's in a position where he has to run again, because it's the only thing that can save him from the consequences of the first time he ran.

[-] frezik@midwest.social 5 points 9 months ago

This is why I think the "rich white people never face consequences" crowd have it wrong. They tend not to face consequences because they have lawyers to find loopholes in the first place, and then they make sure to keep it all out of the public eye, and then if they do get noticed, they listen to those lawyers and don't do things to perjure themselves.

Trump failed at every one of those.

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[-] Wiz@midwest.social 11 points 9 months ago

Time to milk the rubes with some more NFTs.

[-] Lucz1848@lemmy.ca 11 points 9 months ago

He should just squeeze his base for more cash. They don't mind.

[-] badbytes@lemmy.world 8 points 9 months ago

Let's see here. Adding this campaign finance violation to the rest of the charges.

[-] profdc9@lemmy.world 8 points 9 months ago

I guess the lawyers will vote for him. He will keep them busy for quite a while to come.

[-] Maeve@kbin.social 7 points 9 months ago

Keep sending him donations!

[-] CharlesDarwin@lemmy.world 6 points 9 months ago

This is the cue for all those people griping about "Bidenomics" to get out those checkbooks and start writing checks to tiny d. Because he cares about them, and is going to "fight for" them.

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this post was submitted on 01 Feb 2024
476 points (98.2% liked)

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