Megan McArdle: Trump Can’t Afford a Third-Party Campaign
2016 Election, Corrections, Donald Trump, Republicans, Third Party Option, Trump's Finances
2014: Donald Trump has announced he will build five new luxury apartment buildings in the heart of Manhattan with separate entrances and elevators for the poor tenants.
â€œIâ€™m doing a great thing for this city. I didnâ€™t have to put low-income units in my building. They should be happy they have it. There is no reason however for the normal wealthy people who pay their hard-earned money for a nice apartment to have to be bothered with the riff-raff.â€
â€œThey are on the third floor because our market research has shown that the poor are very unhygienic and donâ€™t bathe regularly. They also have a tendency to boil cabbage for dinner. We didnâ€™t want any of those odors wafting down into the lobby area.â€ (Note: This quotation is satire, not a real news item.)
And Megan McArdle says, Donald Trump can’t afford to run a Third-Party campaign and hasn’t got the ability to raise adequate funds elsewhere.
Donald Trump is not going to run as a third-party presidential candidate, even if heâ€™s denied the Republican nomination. …
Iâ€™m not saying whether it would be a good idea for the GOP to deny him the nomination if he gets a plurality but not a majority of the delegates. But if it does, he wonâ€™t run third-party: He canâ€™t afford it.
I direct you to his personal financial disclosure form, which said he had about $300 million in cash and marketable securities. Thatâ€™s a lot of money! Stunningly, however, it is not enough money to run a major presidential campaign, which now clocks in at around $1 billion.
If Trump runs as a third-party candidate, the money to do so is going to have to come mostly out of his own pocket. The Republican Partyâ€™s traditional donors certainly arenâ€™t going to help him. And so far, heâ€™s shown no ability to raise the kind of staggering totals that, say, Bernie Sanders has managed to get from small donors. Trumpâ€™s campaign has raised just $25 million, of which only about $8 million comes from sources other than Donald J. Trump. Heâ€™s raised less in small contributions than Ted Cruz or Marco Rubio have.