On Oct. 1, the first day of the fourth quarter, Trump loaned his campaign a million dollars, followed by another $9.8 million through December. He took in $2.6 million from individuals (and gave himself a little over $100,000) in the last three months — meaning that he himself was actually paying for most of the $6.6 million the campaign spent between October and December. Self-funding after all.
But that's not the thing that's interesting here — at least, not for non-campaign-finance nerds. Here's the interesting thing:
Six cents of every dollar Donald Trump spent over the past three months was spent on hats. Every time Trump spent $16, one dollar of that was spent on hats. Donald Trump is making the baseball cap industry great again.
Trump's campaign also spent a lot of money in the fourth quarter that went back to Trump-owned or -affiliated companies. The campaign spent a lot of money in and around New York City — where it is based — including a lot of money in and around Trump Tower. That includes $20,000 to Trump Payroll Corp. and $48,000 to Trump Tower Commercial LLP for pre-paid payroll. Meals at Trump Grill and Trump Cafe, in the lobby of Trump Tower. But the biggest Trump-related recipient was Tag Air, of which Trump is CEO. Tag Air, which owns the plane he uses to get to his events, got $826,590 from the campaign.
Meaning that one out of every seven dollars spent by the campaign (also including more reimbursements of past payroll expenses) went to a Trump-affiliated company.
Donald Trump clearly should have opened up a hat manufacturing plant last spring.