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Donald Trump is facing a financial disadvantage of epic proportion as he enters the campaign for the general election.
Trump trailed Hillary Clinton by more than $41 million, according to reports filed with the Federal Election Commission on Monday, The Daily Mail reported.
He raised $3.1 million in May but was forced to lend himself $2 million to meet costs, while Clinton’s campaign brought in more than $28 million in the same month, the Mail reported. Clinton’s campaign reportedly had $42 million as of May 31.
Wow. Trump FEC numbers are AWFULLLLL pic.twitter.com/6LQXEBwPey
— Comfortably Smug (@ComfortablySmug) June 21, 2016
Trump FEC filing: stunningly weak war chest https://t.co/LYSanC4wZ6
— Think Smarter (@ProudlyLiberal2) June 21, 2016
Relying on smaller donations until now, the Trump campaign is aiming to raise $500 million over the next five months, according to the Mail. After an aggressive campaign this month, more than $8 million was raised in 10 days but it is a far cry from Clinton’s war chest. Her super PAC Priorities USA reported an additional $52 million, while one of Trump’s super PAC’s has $500,000.
NEW: Trump entered June with just $1.3 million in the bank, while Clinton sat on $42 million war chest https://t.co/2hztCyaQ7M
— Matea Gold (@mateagold) June 21, 2016
Clinton campaign at end of May: $42 million
Trump: $1.3 mil
Clinton super PAC: $52 mil
Trump super PAC: $500khttps://t.co/TNCetDxQsM— Dan Berman (@DHBerman) June 21, 2016
Trump’s campaign only has $1,289,507 cash on hand. that is completely nuts.
— Sam Stein (@samsteinhp) June 21, 2016
A breakdown of expenses left many social media users focused on one line item.
Trump campaign expenses in May, per @FEC report:
Hats: $208k
Online advertising: $115k
Data management: $48k
Communications consulting: $38k— Kenneth P. Vogel (@kenvogel) June 21, 2016
$208,000 on hats in may. That can’t be real. That can’t be real. Right? What the hell is going on?
— Jesse Singal (@jessesingal) June 21, 2016
@jessesingal Make America hats again.
— KB (@sorrykb) June 21, 2016
Dear Team GOP: You’re going to need to sell more hats. #MAGA
— Drew McCoy (@_Drew_McCoy_) June 21, 2016
Social media also launched a new hashtag to mock the presumptive GOP nominee and his staggering deficit.
#TrumpSoPoor: @Twitter is merciless as Donald Trump’s paltry fundraising adds to his campaign woes https://t.co/TRoPd2ynVV
— USA TODAY (@USATODAY) June 21, 2016
#TrumpSoPoor he wishes he had a $1 for every time someone on Twitter used the hashtag #TrumpSoPoor ?
— S&M (@4Sean0McCabe7) June 21, 2016
#USATODAY Twitter mocks the Donald’s campaign deficit with #TrumpSoPoor: https://t.co/fu6KkLcHpq (Photo: AP)pic.twitte… @FollowNewsNow
— Adam (@follownewsnow) June 21, 2016
#TrumpSoPoor he’s hired his Twitter account to be his new campaign manager.
— Eric Wolfson (@EricWolfson) June 21, 2016
But Trump has continued to defy conventional wisdom, and he may yet surprise his detractors by keeping his campaign lean while still raking in donations from major donors.
Twitter users varied in their reactions.
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Trump’s campaign has just over one million in cash, he’s not trying to fundraise, and has no intention of self-funding. Not trying to win.
— Josh Jordan (@NumbersMuncher) June 21, 2016
@NumbersMuncher@redsteeze Trump says he was able to turn 1 mil into 10 bil before. Maybe he is planning on just doing that again.
— Kaleb Gregory (@kdgrego) June 21, 2016
buddy has more cash on hand than trump. & that guy isn’t trump. it’s some guy who cooks risotto stoned & plays really bad music
— GregGutfeld (@greggutfeld) June 21, 2016
@DHBerman votes matter not donations. ??
— Dustin (@Dustin_LongNJ) June 21, 2016
@DHBerman He’s done all of this with only a fraction of what Saudi and corporate donors have given to Hillary? How is that bad?
— (((fauXnetiX))) (@fauXnetiX) June 21, 2016
Guys. Guys. GUYS. My local cat rescue raised more money this quarter than Donald Trump.
— Emily Zanotti (@emzanotti) June 21, 2016
@DHBerman I will take the guy that isn’t bought and paid for by wall street special interests and foreign countries
— Of The River (@A_Real_Gator) June 21, 2016
@samsteinhp @MichelleFields Trump has been self funded… What I’m concerned about is who gave hillary the 40 million? Criminal…
— acidrebel (@acidrebel) June 21, 2016
Trump won the GOP primaries spending very little money, yet DC press still somehow using FEC reports to judge viability of his candidacy
— David Sirota (@davidsirota) June 21, 2016
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Originally from New York, Powers graduated from New York University and eventually made her way to sunny South Florida where she has been writing for the BizPacReview team since 2015.
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