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Tuesday, January 26, 2016

GOP campaign financing: Part 6

Photo credit: irishmirror.ie

GOP campaign financing: Part 6 ~ Donald J. Trump
The donors to Trump’s campaign are unlike those backing any other presidential candidate -- of either party. Trump is financing his own campaign. He’s accepting small contributions from individuals, selling hats and other merchandise online, but he is not accepting corporate gifts, he has insisted that no SuperPACS use his name, and he does not accept funding through SuperPACS. Smaller business contributions are listed here.
And nobody knows the racket between corporations and politicians better than Trump. He has used the system for years. Trump has talked about his past business practice of contributing to politicians in both parties to gain access. 
On the other hand, he is pandering like a politician when he supports ethanol subsidies to win the Iowa caucus.    
But there is one indicator that the hedge funds/SuperPACS/Wall Street/CoC donor class is concerned. According to the Wall Street Journal, the president of the Chamber of Commerce, Tom Donahue, is worried about a Trump victory:
The head of the nation’s biggest business lobby inveighed against presidential candidates singling out immigrants, ethnic or religious groups, highlighting divisions among supporters of the Republican establishment and the party’s leading candidate Donald Trump.
“There are the voices, sometimes very loud voices, who talk about walling off America from talent and trade and who are attacking whole groups of people based not on their conduct but on their ethnicity or religion,” Thomas Donohue, president of the U.S. Chamber of Commerce, said in a speech on Thursday. “This is morally wrong and politically stupid.”
When asked if the comments were specifically about Mr. Trump, Mr. Donohue said they applied to any one of the candidates from the right who “stepped over the boundary” on issues such as immigration and trade.
“They lost track of who we are and what we stand for and how we fix this economy,” he said.
But the remarks closely echo similar comments from South Carolina Gov. Nikki Haley and other Republicans who have pushed back against of Mr. Trump’s policy prescriptions on immigration and security.
In other words, the CoC is worried that they will not be able to influence Trump. Compare that with the latest exposé on Conservative Treehouse reporting on the SuperPAC money going into anti-Trump ads (and pro-Cruz ads) in Iowa.
It’s always the same: Follow the money. So far with Trump, it’s the ethanol subsidies.

For background on Chris Christie’s fund-raising, posted earlier on this blogsite, go here.
For background on Dr. Ben Carson’s fund-raising, posted earlier on this blogsite, go here.
For background on Jeb Bush’s fund-raising, posted earlier on this blogsite, go here.
For background on Marco Rubio’s fund-raising, posted earlier on this blogsite, go here.
For background on Ted Cruz’z fund-raising, posted earlier on this blogsite, go here.

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