Trump and his allies cling to allegations of electoral fraud

The President of the United States, a self-proclaimed multi-billionaire, still claims the 2020 election was rigged – and he wants you to give him some of your money to help him solve this problem. Since it became clear that Joe Biden was the President-elect, Donald Trump’s campaign has driven a tsunami of text messages and email solicitations seeking donations to cover legal bills incurred while trying, by vain, to overturn the election. Already, the effort has raised between $ 150 million and $ 170 million, according to the Washington Post and The New York Times. How likely is it that all this money will actually be used to pay Trump’s legal bills? You already know the answer. As Bloomberg News and others reported weeks ago, most donations to the Trump Make America Great Again committee are going to Save America, Trump’s new political action committee. The rest goes to the Republican National Committee. Trump’s PAC is not obligated to use the money exclusively for legal fees; it can also be used for political expenses such as travel, fundraising, and donations to other candidates. As Trump’s team continues to hit small donors in love with the idea that someone managed to unfairly channel an estimated 7 million votes towards Biden that should have gone to Trump, reality has stepped in. Attorney General William Barr – the same guy who helped Trump dodge former special counsel Robert Mueller’s investigation and led another meddling for the president – told The Associated Press on Tuesday that “the Justice has not uncovered evidence of widespread electoral fraud that would change the outcome of the 2020 presidential election. ”In addition to Barr, Trump also lost courageous local officials from both parties who ensured the country benefited safe and reliable elections. The pivotal states Trump was expected to win in his masquerade of election fraud have now certified their results in Biden’s favor. It’s finish. No fraud. But fraud was never really about, and I suspect Trump didn’t really believe for a single minute that he was stripped of the presidency. Trump had several reasons for trying to corrupt the election: he cannot accept the idea of ​​being a loser. He faces legal and financial challenges that would have been made less onerous had he been able to stay in the Oval Office and continue to enjoy the protections of the Presidency. And now we can add another factor to the mix: Trump has discovered that running around pretending the sky is falling is a lucrative proposition. Banking on the feelings of others to make money isn’t an entirely new experience for Trump, of course. He has spent his life riding the waves created by the money of others, including his father, his investors and his bankers. He and his three eldest children chaired a “charity,” the Trump Foundation, which the New York State Attorney General’s office decommissioned in 2018 due to a “shocking pattern of illegality” and “self-harm” which allowed them to turn bogus philanthropy into the family piggy bank. Trump eagerly solicited donations from others to fund his foundation, but has never been willing to be so generous with his own money. In September, Trump’s presidential campaign unfolded on financial smokes after months of overspending blew up his nearly $ 1 billion operation. Trump said at the time that he would be prepared to invest $ 100 million of his own money into his campaign if he needed a hit in the arm. Is he? No. Trump has made his new fundraiser a family affair. On Twitter, his son Eric asked donors to contribute to his father’s “Election Defense Fund”. For anywhere between $ 45 (get it?) And $ 2,020 (get it?), You can “Join the Election Defense Team”. If you don’t want to donate money to the defense team, some of Eric’s other tweets urge you to buy discounted wine at Trump Winery. Subscribe to our YouTube channel: Bloomberg Quicktake brings you live global news and original programming covering business, technology, politics and culture. Make sense of the stories that change your business and your world. To watch full coverage on Bloomberg Quicktake 24/7, visit or watch on Apple TV, Roku, Samsung Smart TV, Fire TV, and Android TV on the Bloomberg app. Got a story to tell? Fill out this survey for a chance to get it featured on Bloomberg Quicktake: Connect with us on… YouTube: Latest on YouTube: Twitter: Facebook: Instagram:

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