Yesterday's big shakeup in the Trump campaign, with the firing of campaign manager Corey Lewandowski, was not the only unsettling news from the presumptive GOP nominee's camp,
As it turns out, Nubbs' war chest is virtually empty.
He has just over a million dollars in the bank, when it's a widely held axiom that he'll need at least half a billion more Washingtons to run a successful presidential campaign. That's some 'serious Tubmans'.
Even if Nubbs can finagle a way to spend just 10 percent of what a typical campaign would, he's still 49 million dollars short.
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| When Trump's elected president, he plans on economizing by using one of these as Air Force One. His buddy Carl Icahn has plenty of them sitting around in the Mojave. |
None of the big GOP donors, like the Koch Brothers, are coming across. The big red money that mistakenly thought it could buy Jeb Bush the GOP nod, is avoiding The Donald like a biblical leper.
Notwithstanding Trump's principle attraction was that he was self-funded and beholden to no one, to continue on, he'll likely have to walk away from that claim. It damages his candidacy.
Trump says he can fund his campaign on his own if he has to, but that belies the fact that he hasn't actually 'spent' a dime of his own money on his presidential bid.
Every bit of the "$55 million dollars" he's spent so far to fund his presidential run he "loaned" to the campaign.
No matter what he says about the arrangement, Nubbs intends to pay himself back or write off the debt so he never pays taxes again. Trump excels at leaving no money on the table.
I believe that Trump has burned through much of his liquidity already. Though he's worth billions of dollars, most of that is tied up in assets. I don't believe he has any stomach to leverage his real estate against no guarantee he'll succeed.
So what will Trump do? What does he always do?
Trump turns to his puppet master--Carl Icahn.
You've heard him mention Icahn's name. When he talks about all his brilliant billionaire friends, Icahn's name is usually the only one he drops before quickly changing the subject.
That's because Icahn actually owns Trump. Trump Resorts International is a wholly-owned subsidiary of Icahn Enterprises.
Trump doesn't have any financial stake in the company that made him famous, and from which he threatened to walk away two years ago, before Icahn came to his rescue.
If Trump is beholden to anyone, it's Carl Icahn. And Icahn has been a notorious slash and burn capitalist for decades.
Icahn has singlehandedly dismantled venerable companies like TWA back in the early 1990's, In that debacle, he sold what was left of TWA to American Airlines winding up with 190 million dollars in his pocket--a huge fortune back then.
I was in management at American Airlines and watched it all happen. TWA was consumed by AA. The brand disappeared, and many lifelong employees lost their jobs.
Trump and Icahn are brothers of a different mother and both have the dismissals of thousands on their hands over many years. Balance that against Trump's claims of creating thousands of jobs.
Watch Trump come up with the money he needs to carry on. Watch where it comes from.
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