Turns out Donald Trump is even more broke than we thought
When Donald Trump got hit with back to back court verdicts totaling roughly half a billion dollars, we pointed out that it was far beyond anything that his supporters could come up with. Sure enough, a GoFundMe effort ended up covering far less than 1% of what Trump owes. Now it turns out Trump is even broker than we thought.
Trump’s one remaining gambit is to keep bringing in quasi-campaign donations and use them to pay for his legal bills. But now it turns out even the “Trump 2024” campaign is struggling to bring in money, presumably because most people know by now that the money is just going to go to his legal bills.
It’s a good reminder that Donald Trump isn’t going to be able to magically bail himself out of this financial hole. His supporters can’t cover it. His political donors can’t cover it. The story about Trump getting a big Truth Social windfall has turned out to be nonsense.
Now the doomsday types are insisting that some private wealthy benefactor is simply going to write Donald Trump a check so that he can pay off his financial verdicts. But let’s be real, the odds are against such a thing. Any serious person, with enough cash on hand to bail Trump out, knows that he’s a bad bet. Trump is going to prison, and he’s of no use to any investor there.
Bill Palmer is the publisher of the political news outlet Palmer Report