Trump Campaign Has a Very High Burn Rate

Daily Beast: “Filings this week showed that while Trump’s numbers do appear to have ticked up last month, his political apparatus needed to spend a stunning amount of money to get there. It’s a long-running and important—but little-noticed—negative trendline for Trump, as outsized operational costs have been gobbling up a large share of the money raised, a vicious cycle that can become increasingly hard to break.”

“On top of that, the high-dollar Trump-RNC joint fundraising machine that launched last month appears to have failed to deliver on its main mission, at least in its early stages. That committee is the cash-strapped RNC’s big, belated hope to finally start accumulating the money it has desperately needed to properly fund, staff, and win a costly and crucial election cycle nationwide.”

“That committee—called ‘Trump 47 Victory’—pulled in nearly $24 million in megadonor dollars last month. About $10.5 million went to the RNC, with the overwhelming majority going to three accounts that are generally unusable for political activity.”

“Just $1.5 million made its way to the RNC’s election account, or about 6 percent of the total raised.”