Day: October 20, 2022
Ukraine ‘Shocked’ by GOP’s Stance on Aid
“Ukrainian officials have expressed ‘shock’ over Republican suggestions that future assistance for Kyiv could be limited if the party wins the House of Representatives in November’s US midterm elections, calling on Washington to continue providing bipartisan support.”
— The Financial Times
He’s No Ferengi
Donald Trump’s fundraising chops once were sublime,
But it seems donor fatigue’s set in over time.
Nowadays he spends a fortune
To generate a tiny profit margin.
It’s like he’s saying, “Hey buddy, give ya a dollar for a dime.”
Trump’s Vaunted Fundraising Machine Is Faltering
If it were a business and not politics (I know, it’s a difference without a distinction), Donald Trump would be fired for mismanagement of his oft-touted fundraising prowess. Daily Beat’s Pay Dirt newsletter has a must-read piece on how Trump’s Save America Joint Fundraising Committee is spending a dollar to generate 10 cents of income, according to the latest Election Financing Commission report.
In fact, the spending was so steep that it ate up around 90 percent of what he raised. So while the committee took in an impressive $24 million, it spent about $22 million to get there. That means the famous dealmaker spent a dollar to make a little more than a dime.
Compare that trade-off to the previous quarter, where the same committee spent just $9.7 million but pulled in $17 million. That’s a $7 million return. Now, it’s $2 million.
Read the rest here.
