New 'chaos' surrounding Trump raising concerns among big money donors: report
Donald Trump's court losses and recent comments about international relations if he is re-elected are making if difficult for him to woo back some billionaire campaign donors as he makes his third run for the Oval Office.
According to a report from Chris McGreal in the Guardian, the former president is seeing some donors who have been avoiding him since his 2020 election loss that was followed by the Jan. 6 insurrection returning to the fold because his nomination seems inevitable — but others are so sure.
The report notes that Trump's court battles combined with troublesome remarks he has made about encouraging Russia to invade NATO allies because he thinks they haven't paid enough into the organization has some donors remaining on the sidelines.
With McGreal writing, "Trump is winning back some donors who supported him four years ago but then gave their money to the former US president’s primary rivals this year, fearing he will again lose to Joe Biden in November or the chaos that will ensue if he wins," he then added, "But some mega-donors appear to have turned away from the former president for good."
Chief among them is tech billionaire Peter Thiel who handed over $1.25 million to boost Trump into office in 2016 but has since publicly regretted the decision, saying in an interview, "It was crazier than I thought. It was more dangerous than I thought. They couldn’t get the most basic pieces of the government to work.”
As for other potential donors, the new "chaos" surrounding Trump has more than a few of them keeping their distance.
"Donor concerns about the chaos Trump brings will not have been allayed by recent comments that appeared to abandon some members of NATO to the Russians and the writer E Jean Carroll’s $88m award for defamation by the former president. Neither will donors have been encouraged by Trump’s threat on his social media platform, Truth Social, to blacklist those who give money to [Nikki] Haley’s campaign," the report adds.
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