Thursday 21 March 2024

Biden has more money than Trump for campaigning

Winning the US presidency prize is all about money. Who has the most to cover promotion, marketing, advertising etc and right now Joe Biden is loaded. He has around $155 million to play with from donors and that's a bigger sum than billionaire Trump has in his coffers. What's more, Trump is facing a financial nightmare with a $464 million penalty payment to pay arising frm the court judgment that found him guilty of business fraud by exaggerating his wealth to get bank loans. That sum is gathering interest every day although Trump is appealing against the court sentence. If he loses the appeal the penalty is going to be closer to $500 million. Big trouble for him, and if his donations are not matching Biden's it's going to be difficult for him to flood the market with campaign-boosting adverts. This will be a new experience for Trump who normally gives the impression he is rolling in money and could finance his own campaign if the worst came to the worst. Not now. The key will be for Biden to maximise his money advantage to bash Trump and remind every voter what they are letting themselves in for if he wins in November. It's going to be a dirty fight.

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