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GOP campaign financing:
Part 6 ~ Donald J. Trump
The donors to Trump’s
campaign are unlike those backing any other presidential candidate -- of either
party. Trump is financing his own campaign. He’s accepting small contributions
from individuals, selling hats and other merchandise online, but he is not
accepting corporate gifts, he has insisted that no SuperPACS use his name, and
he does not accept funding through SuperPACS. Smaller business contributions are listed here.
And nobody knows the
racket between corporations and politicians better than Trump. He has used the
system for years. Trump has talked about his past business practice of
contributing to politicians in both parties to gain access.
On the other hand, he
is pandering like a politician when he supports ethanol subsidies to win the
Iowa caucus.
But there is one
indicator that the hedge funds/SuperPACS/Wall Street/CoC donor class is
concerned. According to the Wall Street Journal, the president of the Chamber of Commerce, Tom Donahue, is worried
about a Trump victory:
The head of the nation’s biggest business
lobby inveighed against presidential candidates singling out immigrants, ethnic
or religious groups, highlighting divisions among supporters of the Republican
establishment and the party’s leading candidate Donald Trump.
“There are the voices, sometimes very
loud voices, who talk about walling off America from talent and trade and who
are attacking whole groups of people based not on their conduct but on their
ethnicity or religion,” Thomas Donohue, president of the U.S. Chamber of
Commerce, said in a speech on Thursday. “This is morally wrong and politically
stupid.”
When asked if the comments were
specifically about Mr. Trump, Mr. Donohue said they applied to any one of the
candidates from the right who “stepped over the boundary” on issues such as
immigration and trade.
“They lost track of who we are and what
we stand for and how we fix this economy,” he said.
But the remarks closely echo similar
comments from South Carolina Gov. Nikki
Haley and other Republicans who have pushed back against of Mr. Trump’s policy prescriptions on
immigration and security.
In other words, the
CoC is worried that they will not be able to influence Trump. Compare that with
the latest exposé on Conservative Treehouse reporting on the SuperPAC money
going into anti-Trump ads (and pro-Cruz ads) in Iowa.
It’s always the same:
Follow the money. So far with Trump, it’s the ethanol subsidies.
For background on Chris
Christie’s fund-raising, posted earlier on this blogsite, go here.
For background on Jeb
Bush’s fund-raising, posted earlier on this blogsite, go here.
For background on Marco
Rubio’s fund-raising, posted earlier on this blogsite, go here.
For background on Ted
Cruz’z fund-raising, posted earlier on this blogsite, go here.
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