Later On

A blog written for those whose interests more or less match mine.

Trump’s business acumen is greater than his political acumen

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Trump has directed the spending from the campaign contributions he’s received to his own businesses, which have so far made $6 million from money people contributed to help him become president. Here’s the AP report by Julie Bykowicz and Chad Day:

Donald Trump’s campaign likes to keep it in the family.

When Trump flies, he uses his airplane. When he campaigns, he often chooses his properties or his own Trump Tower in New York City, which serves as headquarters. His campaign even buys Trump bottled water and Trump wine.

The presumptive Republican presidential nominee has been on the campaign trail for a year now, and federal finance reports detail a campaign unafraid to co-mingle political and business endeavors in an unprecedented way – even as he is making appeals for donations.

Through the end of May, Trump’s campaign had plunged at least $6.2 million back into Trump corporate products and services, a review of Federal Election Commission filings shows. That’s about 10 percent of his total campaign expenditures.

Unlike in the primary when Trump touted his ability to pay his own way, he has been on an urgent fundraising quest for more than a month. His campaign began June with $1.3 million in the bank, compared with the $42 million presumptive Democratic nominee Hillary Clinton had amassed.

Wealthy political candidates in the past have walled off their business from their campaigns, but Trump embraces his companies. Public documents indicate his revenue has risen along with his presidential aspirations. . .

Continue reading.

Written by LeisureGuy

21 June 2016 at 9:02 am

Posted in Business, Election, GOP

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