Issues & Insights

Trump Is Using Obama’s Money Model To Win

I&I Editorial

If youโ€™re a Democrat, is there anything more horrifying than hearing Barack Obamaโ€™s campaign manager for his 2012 successful reelection warn that โ€œthe nominee (of the Democratic Party for 2020) will be broke, as Romney was against usโ€?

That is exactly what Jim Messina told the Washington Post this week โ€“ even as the Senate impeachment trial of President Donald Trump raged. Speaking of how much money Trump has been raising and utilizing, Messina added, โ€œI have never seen spending like it. And itโ€™s a lot on rallies, which are expensive and speak to the base.โ€

In total, the paper tracked down โ€œat least 220 big donors to Trumpโ€™s reelection who are either new to major political giving or sat out the last presidential general election.โ€ These novice contributors โ€œhave deluged pro-Trump fundraising committees with more than $21 million.”

And this is before the effects of the impeachment trial itself are felt, which may fuel the belief among Trumpโ€™s supporters, and Republican donors in general, that Democrats are misusing the Constitution and committing character assassination against not only the president but GOP senators โ€“ the jurors they are supposedly trying to convince. Rep Jerrold Nadler of New York has already repeatedly used the word โ€œlieโ€ in reference to Trumpโ€™s legal team, and by extension his Republican Senate supporters, earning a scolding from Chief Justice John Roberts.

Trump and Obama may have a lot more in common than we realize, as Messina suggests. In a sense, these two presidents who sought reelection are mirror images โ€“ ideological opposites, yes, but like two sides of the same coin. As the Post analysis put it, โ€œDemocratic strategists said Trumpโ€™s ability to raise and spend massive sums from big donors to Trump Victory, a joint fundraising committee that is drawing these new contributors [a number of whom the Post interviewed], was similar to the money advantage that Obama had in his reelection battle against Romney.”

Both Trump and Obama became symbols, in the minds of the rank and file of the opposing party, of their enemyโ€™s political philosophy. Both were and are considered to be politicians who broke the conventional mold, and possessed unique abilities to electrify voters who were uninvolved before Obama or Trump came on the scene.

Not The MAGA Caricature

Who are these new Trump donors? Beer-bellied, shotgun-toting white guys sporting bright-red MAGA hats who can be spotted at 100 yards? Think again. โ€œXinyue โ€˜Danielโ€™ Lou, who gave his first major donation of more than $37,000 to Trump Victory in 2017, said he felt valued when party officials described him as an โ€˜investorโ€™ in the Republican Party,โ€ the Post reported. โ€œAnd so, he said, he urged other well-to-do people in the Chinese-American community to give to Trump. Many, he said, had never been tapped by a political party before and were intrigued by Trumpโ€™s presidency.โ€

The Post also told of โ€œEjike Okpa, a Nigerian-American commercial real estate developer in Dallas who started a PAC called Africans for MAGAโ€ and โ€œgave his first major political donations to Trumpโ€™s reelection: $35,000 in 2017 and $10,000 in 2018. He has always preferred non-traditional candidates, he said โ€” he gave $250 to Obama in 2008 โ€” and he likes that Trump is a fighter and disrupter in Washington.โ€ Okpa told the Post, โ€œWhat he stands for, the way he has approached doing things for America, just kind of intrigues me.โ€

Texas fracking tycoons Dan and Farris Wilks were cool on Trump in 2016. โ€œBut so far, they have given a combined $100,000 toward the presidentโ€™s reelection,โ€ the Post reported. โ€œThere are very few โ€˜Never Trumpersโ€™ [who keep refraining from supporting Trump], and there are very few donors who are disengaged,โ€ veteran GOP fundraiser Lisa Spies told the Post, adding that Trump โ€œhas a whole new crop of donors. A lot of these people have never been involved before.โ€

Why? According to the Washington Post, a left-leaning fixture in the nationโ€™s capital,โ€ they were moved to give by the presidentโ€™s tax cuts, his deregulation agenda and their confidence in the economy. They expressed trust in Trumpโ€™s decision-making and shared his indignation over Democratic attacks.โ€

Moreover, these same generous, enthused new contributors give tremendously despite disliking much of Trumpโ€™s rhetoric โ€“ because they โ€œfind him authentic and relatable.โ€

Raul Esqueda, head of an Austin, Texas, credit firm who gave $35,000 for Trumpโ€™s reelection, told the Post he excuses the president because โ€œheโ€™s not a polished politician.โ€ Esqueda โ€œsays business is booming under Trumpโ€ and โ€œdoes not feel tied to a party,โ€ according to the Post.

There may be a flip side to this, however. National Republican Congressional Committee Chairman Tom Emmer recently sounded a warning to Republicans, because his committeeโ€™s Democrat counterpart, the Democratic Congressional Campaign Committee, had raised $40 million more than the NRCCโ€™s $85 million in 2019. Emmer said, โ€œour members need to get their act together and raise more money โ€ฆ individual campaigns need to raise more money. They cannot expect somebody else is gonna do it for them.โ€

That somebody else, of course, is Trump. But between combating impeachment, killing Iranian terrorist masterminds, forging global trade deals, and setting new records for tweeting, the nationโ€™s chief executive may be too busy to win Republican senators’ and congressmenโ€™s races for them.

Since all the indications are, however, that the conservative principles of low taxes, reduced regulations, judicial restraint, and a steely but sober American role in the world are behind the presidentโ€™s fundraising success, they really shouldnโ€™t need him โ€“ if they believe in the same things themselves.

โ€” Written by Thomas McArdle


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I & I Editorial Board

The Issues and Insights Editorial Board has decades of experience in journalism, commentary and public policy.

2 comments

  • What do you guys think of Bloomberg’s promise to provide his staff and funding to whoever wins the Democratic nomination? That would be sufficient to upend the fundraising picture entirely.

    But would he deliver on that promise if Sanders won the nomination? I would think not.

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