Peek writes, “The Trump campaign reported raising only $19 million in the final quarter of 2023, ending the year with $33 million in the bank. By comparison, the Biden team hauled in $33 million during the period and finished out 2023 with $46 million in its coffers.”
When you include money raised by the Democratic National Committee, Biden ended “2023 with $117 million on hand — the most of any Democratic candidate ever at this point in the race.”
The problem for Trump: The RNC cannot raise money for him until Haley drops out.
“As much as Trump’s camp has blasted Haley for being in the pocket of ‘the billionaire donor class,’ the truth is that the former president, and anyone else running for the Oval Office, needs to raise a boatload of money from such ‘one percenters.’”
Trump needs their cash especially since “expenses for his defense will continue to drain his finances.”
Trump has threatened to Wall Street big wigs supporting Haley that they’ll be “’permanently barred from the MAGA camp’ if they continue to fund his last remaining challenger for the GOP nomination.”
That’s highly unlikely, says Peek. Trump needs their help. And given the disaster of the Biden presidency, “he may get it.”
Read the op-ed at TheHill.com.
