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Billionaires Worried About Trump's Fundraising Lag

Image: Billionaires Worried About Trump's Fundraising Lag
Sheldon Adelson. (AP)

By    |   Monday, 16 May 2016 10:48 AM

Republicans are increasing nervous that Donald Trump, who self-funded his presidential primary and is now preparing to accept large donations for the general election, reportedly lacks an organized network to collect the big-cash influx.

According to The Washington Post, there's no dominant group ready to channel donations of billionaires lining up to back him, including casino magnate Sheldon Adelson, who's ready to pump $100 million into the race.

"I haven't heard from anybody," Dallas investor Doug Deason, whose father, billionaire technology entrepreneur Darwin Deason, gave large sums to super PACs allied with former Texas Gov. Rick Perry and Texas Sen. Ted Cruz, tells the Post.

"I think they're just really unorganized. They need to get on it."

The Post reports two rival super PACs "are in the mix" for Trump, but both are newly formed.

"If you have many elements trying to do their own thing, it can confuse the message of the campaign," Ed Rollins, who was Ronald Reagan's campaign director in 1984 and is advising Great America PAC, one of the pro-Trump groups, tells the Post.

"We're all marching forward without clear direction at this point."

GOP strategists tell the Post a general election race would be extremely difficult without the help of a well-financed outside operation.

"From our perspective, we see it as necessary," Doug Watts, national executive director of the Committee for American Sovereignty, a new pro-Trump super PAC that launched last week, tells the Post.

"There might be some confusion and some donors may get multiple solicitations, but this is standard operating procedure. I expect two or three or maybe even four very legitimate super PACs that are in support of Trump."

Meanwhile, the Crossroads organizations, which together raised $300 million in the 2012 elections, has yet to determine what role it will play in this year's White House contest, the Post reports — and could concentrate on campaigns supporting Republican senators.

"Holding the Senate majority is going to be our North Star, so everything we're currently planning to do relates to that fixed point on the compass," president Steven Law tells the Post.

A new organization called Future45 formed last year to produce quick-strike ads against Hillary Clinton is in standby mode, the Post reports, noting some of its biggest backers, including the Ricketts family and hedge fund billionaire Paul Singer  were major donors to an anti-Trump super PAC this year.

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Republicans are increasing nervous that Donald Trump, who self-funded his presidential primary and is now preparing to accept large donations for the general election, reportedly lacks an organized network to collect the big-cash influx.
Billionaires, Donors, Worry, Trump, Fundraising, Lag
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Monday, 16 May 2016 10:48 AM
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