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Tuesday, September 08, 2020
US President Donald Trump wants to do everything possible to ensure that he is re-elected in the upcoming November elections. The former New York real estate entrepreneur is apparently willing to put his own money into the campaign.
Following reports of financial troubles in his campaign, US President Donald Trump has stated that he will use money from his private assets for his re-election if necessary. “I would do that if I had to, but we are in a very good position,” Trump said, referring to the finances of his campaign team. His team has “much more money” at its disposal than at the same time in the election campaign four years ago.
If, contrary to expectations, more money was needed to win the election, he would shoot, said the former New York real estate businessman. “Whatever it takes, we have to win,” Trump said. “This is the most important election in the history of our country,” he said before leaving for performances in the states of Florida and North Carolina. Trump said of the campaign’s financial situation that he had to spend money on advertising earlier than planned due to the corona pandemic, “to counter misinformation.”
Campaign under cost pressure
The “New York Times” reported in a detailed article over the weekend that the campaign was under heavy cost pressure less than two months before the election due to high spending. Other US media had also reported that the Trump campaign had already spent much of its funds despite massive donations. American campaigns often spend a lot of money on television and online advertising.
Trump and his Republicans have received a total of 1.1 billion dollars (a good 900 million euros) from the start of the campaign for Trump’s re-election until the end of July. The campaign has not yet announced the amount of donations for August. Trump’s challenger Joe Biden and Democrats raised $ 364.5 million for their campaign in August alone. In June and July, Democrats each raised about $ 140 million in donations.
However, Trump has been asking for large donations for much longer than Biden, because it was long considered safe that he would run for a second term for Republicans. The large donations from both candidates also show how competitive the November 3 election is.
