GOP Donors drop out as worries mount about the party’s finances.
GOP Donors drop out while Trump and his minions continue to blast out party line propaganda claiming they are winning, and in the lead, and leading all others, and they’ve pretty much won, so no need to worry, the donors on the other hand, the ones who run the show and whom candidates depend on, is running dry. If donations to the GOP continue to run dry, it could spell doom for the entire party, Trump included.
Remember the red wave of 2022? They were winning, polls had them at all-time highs. They were going to slaughter democrats 10 to 1. But as we saw back then they held on by a thin string of votes and lost plenty of their favorite candidates. The voting returns were abysmal for the GOP. They ended up losing so much that no red wave actually happened, instead, democrats won by large margins making it a huge blue wave, showing once and for all that the people of America were tired of the GOP sandbox and were abandoning them in droves.
Flash forward to 2023 and the upcoming election in 2024 and the GOP donors drop out, only this time the same situation is replaying itself. Trump claims he is the chosen one by God. He has evangelicals, whom Trump claims are pieces of shit and dumb as rocks, voting for him. He claims he will be the winner; despite all the long odds he now has.
With 91 criminal charges against him, 4 felony indictments, a bunch of stolen national security secrets, many which have never been found, coupled with charges that he incited an insurrection and now, GOP donors drop out, which all point to him losing, and losing rather bigly. This is how the GOP plays it though. That is winning to them.
The GOP is a party of losers and bullies and criminals and felons, and drunken dipshits who don’t even show up to vote, according to one of their own, George Santos, who is under 2 indictments himself and fixing to lose his house seat, possibly this week. You can’t make this stuff up. This is really happening.
Trump has big plans for the United States of America, if only people will vote for expelling millions of people from the country, locking up people he doesn’t like on spurious charges, setting up internment camps out in the desert to put his enemies in, and a host of bad hombres to support him like Stephen Miller, Steve Bannon, and numerous other con men, scumbags and assorted felons.
If Trump is so blind, let him be blind. When he loses by a wider margin than Biden beat him last time, he’ll holler like a monkey about everything being rigged against him, and I am sure he will try to get militia movements to rise up and overthrow the government. But all that will do is cause Trump to be immediately arrested and thrown into a maximum-security jail cell where he will never be heard from again.
And of course, that will be fine by most of America, because truly they are sick and tired of Trump and his whining and lying and threatening people.
The 2024 Republican presidential primary is shaping up to be a highly competitive and crowded race, with more than a dozen candidates vying for the nomination. However, not all of them have the same level of support from the party’s donor class, which plays a crucial role in funding and influencing the campaigns.
Some of the top GOP donors are having trouble choosing a candidate, while others are losing hope of finding an alternative to former President Donald Trump, who remains the frontrunner in the polls and fundraising.
According to a POLITICO analysis of Federal Election Commission filings, the number of big-money donors giving to super PACs focused on the GOP primary is down from 2016, when the party last had a competitive primary. Across all such groups, only 66 individual donors made contributions of $250,000 or more through the end of June, a 24 percent drop from this time in 2016, when 87 donors had given at least that amount1.
Some of the donors who have given large sums to super PACs supporting specific candidates are hedging their bets by also donating to other contenders. For instance, DeSantis and Haley share at least 27 maxed-out donors, Haley and Scott share at least 25 maxed-out donors, and DeSantis and Scott share at least 18 maxed-out donors2. This suggests that some of the donors are not fully committed to one candidate, but rather are trying to keep their options open and influence the outcome of the race. Again, GOP donors drop out is the big word here.
However, some of the donors are becoming frustrated and disillusioned with the lack of a viable challenger to Trump, who has amassed a loyal base of small-dollar donors and a large war chest. Trump’s joint fundraising committee reported raising $23.7 million from donors giving less than $200 through the end of June, more than twice the grassroots donations of all other GOP candidates combined3. The former president also has the backing of a super PAC that has raised more than $75 million this year, mostly from a single donor, casino mogul Sheldon Adelson3.
Some of the donors who are opposed to Trump or want to see a more diverse and moderate field of candidates have expressed their disappointment and despair. One New York-based GOP fundraiser, who spoke on the condition of anonymity, said: “Trump’s like 50 points ahead. Who wants to get involved and waste money?”1 Another donor, Ronald Lauder, a billionaire cosmetics heir who met with DeSantis and Scott, said he was impressed by Haley’s debate performance, but added: “It’s too soon to say who he’s supporting but [he thinks] she’s terrific on Israel and very impressive.”1
Some of the donors are also following the advice of Senator Mitt Romney, who urged the Republican no-hopers to drop out of the race quickly in order to stop Trump from winning. In a Wall Street Journal op-ed published in July, Romney wrote: “The sooner the field narrows, the sooner the party can coalesce behind a nominee who can win the White House and save the nation from a second Trump term.”45 Romney argued that the large number of candidates in the 2016 primary allowed Trump to win with a plurality of votes, and that the same scenario could repeat itself in 2024. And once more, GOP donors drop out means that no money is flowing into the RNC or the candidates pockets from Super PAC’s.
However, it is unclear whether the donors’ pressure and persuasion will have any effect on the candidates’ decisions to stay in or drop out of the race. Some of the candidates, such as Christie, have staked their campaigns on having a strong showing in the early states, such as Iowa and New Hampshire, and may not be willing to give up before the voters have their say.
Others, such as Ramaswamy and Green, have self-funded their campaigns and do not rely on the donor class for support. And some, such as DeSantis and Haley, may be hoping to emerge as the consensus choice of the party if Trump falters or decides not to run.
In conclusion, the GOP donor class is facing a dilemma in the 2024 presidential primary. On one hand, they want to have a say in the direction and future of the party, and to find a candidate who can defeat the Democrats and restore the GOP’s reputation. On the other hand, they are confronted with a reality that Trump is still the dominant force in the party, and that their money and influence may not be enough to change that.
The donors may have to wait and see how the race unfolds, and hope that their preferred candidate can survive and thrive in the crowded and competitive field.
So, if you want to know why the donations to the GOP are declining, it’s because the donors are not happy with Trump or his future plans for America. They see those plans as being akin to Soviet Russia, or some communist country. And that isn’t, and never has been America.