Republican presumptive nominee Donald Trump may soon be in the red yet again…or at least, that’s what his latest campaign financing data shows.
The same day the Donald said “you’re fired” to his campaign manager Corey Lewandowki, The Hill reported that the candidate finished May with just $1.3 million in the bank, “a strinkingly low figure for a presumptive presidential nominee.”
“Trump raised just $3.1 million for his campaign in May, compared to $26.4 million raised by presumptive Democratic nominee Hillary Clinton,” they wrote.
According to The Hill, Democratic frontrunner Hillary Clinton finished the month with a whopping $42.5 million and has managed to raise $238.2 million over her entire campaign, “nearly quadruple Trump's largely self-funded $64.6 million.”
But, as usual, Trump is fearless and maintained his cool during his latest media rounds. He told “The Today Show” that he understands “money better than anybody.”
So, my question is: Is Trump bankrupting his own campaign?
To answer that, let’s take a trip down Trump’s bankruptcy memory lane…
Although the real estate mogul has never filed for personal bankruptcy, his businesses have – and more than once.
Back in August, when Trump’s bankruptcies were a hot topic during the GOP debates, CNN Money reported that the candidate “has filed four business bankruptcies, which Bankruptcy.com says makes Trump the top filer in recent decades.”
“All of them were centered around casinos he used to own in Atlantic City. They were all Chapter 11 restructurings, which lets a company stay in business while shedding debt it owes to banks, employees and suppliers,” CNN wrote.
The four business listed in the article include Trump Taj Mahal (1991), Trump Castle Associates (1992), Trump Hotel & Casino Resorts (2004), and the most recent Trump Entertainment Resorts (2009).
Is it time for the Republican Party to say “You’re Fired” ?
Image credit: MarketWatch, Bloomberg Businessweek
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