Politics Trends

2016 US Elections: Hillary’s war chest dwarves Trump’s, campaign finance filings reveal

Hillary-Trump

Donald Trump is entering the general election campaign with nearly $41million less than Democratic opponent Hillary Clinton in a staggering financial disadvantage unheard of in modern politics.

Clinton’s campaign reported a hefty $42million as of May 31, according to a report filed with the Federal Election Commission on Monday, compared to Trump’s measly $1.3million.

Worries that the business tycoon can execute an organized fight against Clinton have been magnified by the news that his campaign manager Corey Lewandowski was sacked early Monday.

Donald Trump is entering the general election campaign with nearly $41million less than Democratic opponent Hillary Clinton (pictured) in a staggering financial disadvantage unheard of in modern politics

Donald Trump is entering the general election campaign with nearly $41million less than Democratic opponent Hillary Clinton (pictured) in a staggering financial disadvantage unheard of in modern politics

Worries that the business tycoon can execute an organized fight against Clinton have been magnified by the news that his campaign manager Corey Lewandowski was sacked early Monday

Worries that the business tycoon can execute an organized fight against Clinton have been magnified by the news that his campaign manager Corey Lewandowski was sacked early Monday

Clinton’s campaign brought in more than $28million in May alone, raising the overall reserves to $42million, it was revealed on Monday.

Her super PAC Priorities USA reported an additional sum of $52million, and big celebrity names rallied at Hollywood executive Harvey Weinstein’s Manhattan home in a fundraiser expected to draw in hefty sums of cash.

Trump’s campaign, which has relied significantly on small donations, brought in $3.1million after it started actively fundraising just last month.

But Trump transferred $2million of that money to himself in order to cover costs, the NY Times reported.

One of the Donald’s super PACs has only $500,000, although two other groups are not required to disclose their finances until next month according to CNN.

Big celebrity names from Jennifer Lopez (pictured) to Sarah Jessica Parker rallied at Hollywood executive Harvey Weinstein's Manhattan home in a fundraiser expected to draw in hefty sums of cash for Hillary
Clinton's super PAC Priorities USA reported an additional sum of $52million

Big celebrity names from Jennifer Lopez to Sarah Jessica Parker rallied at Hollywood executive Harvey Weinstein’s Manhattan home in a fundraiser expected to draw in hefty sums of cash for Hillary

An aggressive fundraising campaign raked in more than $8million in 10 days this month, but it remains to be seen whether Trump can close the gaping financial chasm.

Trump’s campaign is aiming to raise $500million over the next five months, and sources told the NY Times he was picking up between $5million to $7million in each city.

The real estate mogul can also dip into his personal resources, but Lewandowski suggested it was unnecessary.

In a CNN interview on Monday, the former campaign manager said: ‘We are leaner, meaner, more efficient, more effective. Get bigger crowds. Get better coverage.

‘If this was the business world, people would be commending Mr. Trump for the way he’s run this campaign.’

But Trump’s detractors gleefully took to social media mocking his finances with the hashtag ‘TrumpSoPoor’.




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About the author

Sydney Chesterfield

Poet, Playwright, Philosopher, Humanitarian, mad lover of children and unflinching fighter for equality on all grounds viz. Women's rights, child rights, sine die.

Twitter: @syd_field