Skin in the game.
Source: Richard Moorhead
A new report from Bloomberg News is suggesting that President Donald Trump is considering spending $100 million of his personal fortune on his 2020 reelection campaign. Trump is prepared to spend the sum to make up shortfalls in the campaign’s spending strategy.
Trump largely self-funded his campaign during the 2016 Republican primary, pointing out that he wouldn’t be accountable to corrupt oligarchal interests usually associated with big campaign spending. After being outspent by Hillary Clinton in 2016, he’s spending slightly more on his campaign than Biden in 2020.
The President confirmed Tuesday that he would be willing to spend “whatever it takes. We have to win. This is the most important election in the history of our country.”
Trump addressed the prospect of putting up some of his own money for his campaign in a Tuesday tweet.
In spite of hysterical liberal assertions and conspiracy theories claiming that President Trump has merely sought to financially enrich himself through his public service, the President’s net worth has considerably declined during his time in office. Forbes has estimated his net worth as $2.5 billion-still the financial information of an incredibly wealthy person- but a sharp drop from the $4 billion his fortune was estimated at before he first ran for President in 2015.
President Trump first ran for office and is running for reelection with the ambition to Make America Great Again, not to personally profit from the presidency.