By Josh Marshall:
Even more revealing is the fact that Trump has been using a huge amount of campaign expenditures to cycle money back through his own businesses. According to an analysis by the AP, through the end of May Trump had plowed $6.2 million into various Trump companies, which is to say, back into his own pocket. That's roughly 10% of his campaign spending so far, which is almost entirely from the loan (which he can still repay to himself out of future fundraising) he made to his campaign. He kept up the pace in May, spending $6.7 million on his campaign and more than a million of that to various Trump enterprises.
What's notable about that roughly 10% of money back into his own pocket is that Trump only has businesses in so many sectors. He doesn't appear to have a company to make red trucker hats and he doesn't own radio and TV stations to run ads. So that 10% is basically as much as he could possibly run to [his] own companies.
The Full Story (June 21, 2016)
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