Bloomberg News
@Bloomberg-News·2.8M subscribers·40.1K videos
Trump Campaign Slashes Ad Spending in Key States in Cash Crunch
Posted
September 14, 2020
Views
1,528
Likes
30
Comments
20
Engagement
September 14, 2020
1,528
30
20
3.27%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
Episode Timeline
Every episode in order around the one you’re watching — click any card and the page flips straight to it.
1:24Now PlayingPresident Donald Trump’s campaign is scaling back its television advertising spending and in some cases abandoning it altogether for now in key states, facing a cash crunch brought on by huge investments in staff and operations.
Trump’s re-election campaign vowed last month to saturate voters early with ads in battleground states where voters cast large numbers of ballots before Election Day. But with 50 days until the election, the campaign is canceling ads in states he’ll need to win. In those crucial states, Trump lags Democratic nominee Joe Biden in polling, and Biden has more money to spend.
Between Aug. 10 and Sept. 7, Biden spent $97.7 million on broadcast and cable ads, while Trump spent $21.6 million, according to ad-tracking firm Advertising Analytics.
In some crucial battleground states Biden outspent Trump. In Wisconsin, Biden spent $9.2 million to Trump’s $1.5 million; in Florida, Biden spent $23.2 million to Trump’s $6.4 million; in Arizona, Biden spent $10 million compared to $1.4 million by Trump, and in North Carolina, Biden spent $11.5 million to Trump’s $3.7 million.
Georgia was one state where the Trump campaign outspent Biden -- $2.7 million to $1.3 million.
In that same period, the Trump campaign stopped running ads in Michigan and Pennsylvania, two battleground states where Trump currently trails Biden by about 4 percentage points, according to RealClearPolitics. Biden booked $8.5 million in Michigan and nearly $16.8 million in Pennsylvania.
“They are in a cash crunch. It’s obvious by looking at these numbers,” said Republican strategist Bryan Lanza, deputy communications director for Trump’s 2016 campaign. “As with any campaign, you adapt to the environment. They can’t cut from payroll, they can’t cut from operating so they’ve got to cut from TV. That’s not killer, but it’s a problem. You always want to have a strategic advantage when you’re competing against anybody and when you lose it, that’s a problem.”
While Trump’s August fundraising hit a record for his campaign at $210 million, it is far less than the $365.4 million Biden and the Democratic National Committee raised last month. The campaign has not released its cash-on-hand figures.
Trump has discussed putting as much as $100 million into his campaign, as he trails Biden in national polls and a majority of voters seem to have soured on his handling of the coronavirus.
Subscribe to our YouTube channel
QUICKTAKE ON SOCIAL:
Follow QuickTake on Twitter: twitter.com/quicktake
Like QuickTake on Facebook: facebook.com/quicktake
Follow QuickTake on Instagram: instagram.com/quicktake
Subscribe to our newsletter
Email us at quicktakenews@gmail.com
QuickTake by Bloomberg is a global news network delivering up-to-the-minute analysis on the biggest news, trends and ideas for a new generation of leaders.
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
