President Donald J. Trump delivers his remarks Saturday, Feb. 29, 2019, during his appearance at the Conservative Political Action Conference (CPAC) at the Gaylord National Resort and Convention Center in Oxon Hill, Md. (Official White House Photo by Tia Dufour) Vice-President Joe Biden speaks during a welcoming and swearing in ceremony for Defense Secretary Chuck Hagel at the Pentagon, March 14, 2013. (DoD photo by Mass Communication Specialist 1st Class Chad J. McNeeley/Released)
The seemingly politically motivated conviction of Donald Trump on charges in New York City has produced a fundraising boon for the president from billionaires and average Americans who believe he is being persecuted with lawfare tactics. Bloomberg’s Bill Allison reports on Trump’s massive fundraising since the conviction, writing:
Donald Trump raised more money than Joe Biden for the second straight month in this election cycle, but the president’s campaign is still flush with cash as the two prepare to face off next Thursday in the first debate of the general election.
Biden and the Democratic Party raised $85 million in May, compared to the $141 million that Trump and the Republican National Committee amassed, according to federal filings and statements from the campaigns. The president entered May with $212 million cash on hand, a record amount for a Democratic candidate at this point in the election.
Trump didn’t say how much he had in the bank, but his campaign and the RNC reported having $171 million cash on hand, though that total doesn’t include all committees supporting him.
The former president had a fundraising bonanza that began flowing immediately after his historic conviction in a New York courtroom of 34 felony charges, with online donors and billionaires alike donating to his campaign. And his super political action committee saw a windfall too: investor Timothy Mellon, who’s emerged as one of the biggest sources of cash for Republicans, gave $50 million to Make America Great Again Inc. the day after Trump was convicted.
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