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Former US President Donald Trump secures over $4 million in 24 hours after indictment

US President Donald Trump raised over $4 million towards his 2024 presidential run in 24 hours.

By Saad BhattiPublished about a year ago 5 min read
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On January 6, 2021, Donald Trump's presidency came to an end with the violent insurrection at the US Capitol. In the months since, Trump has faced numerous legal challenges, including impeachment and indictment for incitement of insurrection. Despite this, he remains a popular figure among his supporters, as evidenced by his recent fundraising efforts.

On February 11, 2022, it was reported that Trump had raised over $4 million in just 24 hours. This came after news broke that he had been indicted by a grand jury in New York on charges of incitement of insurrection, criminal solicitation, and conspiracy to commit the same. While it may seem surprising that someone facing such serious charges could still attract such a large amount of financial support, it is not without precedent.

First, it's important to understand the legal case against Trump. The indictment accuses him of encouraging his supporters to storm the US Capitol on January 6, 2021, in an effort to overturn the results of the 2020 presidential election. The indictment alleges that Trump did this through a series of statements and actions, including telling his supporters to "fight like hell" and "never give up" during a speech at a rally held on the morning of January 6.

The charges against Trump are serious, and if he is found guilty, he could face significant jail time. However, it's important to note that he is innocent until proven guilty, and he has denied all charges against him. It's also worth noting that Trump is no stranger to legal challenges; he has faced numerous lawsuits and investigations throughout his career, and has always managed to come out on top.

So, how did Trump manage to raise such a large amount of money in just 24 hours, despite these serious legal challenges? One factor is undoubtedly his continued popularity among his supporters. Despite the controversies that have surrounded his presidency, Trump remains a hugely influential figure in American politics, particularly among Republicans and conservatives.

In fact, one of the reasons that Trump's impeachment trial in early 2021 was ultimately unsuccessful was because so many Republican senators refused to vote against him, citing his continued popularity among their constituents. This popularity has translated into financial support, as many of Trump's supporters view him as a champion of their values and beliefs, and are willing to donate to his cause even in the face of legal challenges.

Another factor that likely played a role in Trump's successful fundraising efforts is the nature of the charges against him. While the charges are serious, they are also somewhat abstract, and may be difficult for many people to fully understand. In contrast, issues like immigration, healthcare, and the economy are more concrete, and may be easier for people to relate to and engage with.

Additionally, Trump has always been a master of media attention and has a large social media presence, which he has continued to use to his advantage even after leaving office. By tweeting about the indictment and his fundraising efforts, Trump was able to generate significant media coverage and attract the attention of his supporters, who were then more likely to donate to his cause.

Finally, it's worth noting that Trump's fundraising efforts are not without controversy. Some have accused him of using the funds to enrich himself and his family, rather than to pay for legal defense. While there is no concrete evidence to support these claims, they do highlight the potential dangers of political fundraising and the need for greater transparency and accountability in the process.

The $4 million that Donald Trump raised in just 24 hours following his indictment on February 11, 2022, was reportedly raised through his Save America Political Action Committee (PAC). The PAC was set up shortly after Trump's defeat in the 2020 presidential election and has been used to fundraise for Republican candidates as well as for Trump's own political activities.

While the PAC is legally required to disclose its donors, it is not required to do so until after the end of the first quarter of the year, meaning that the public may not know who contributed to the $4 million raised for several months. This lack of transparency has led some to question whether the funds were raised from legitimate sources or whether they may have been obtained through illegal means.

Despite these concerns, the $4 million raised in just 24 hours is just a fraction of the amount of money that Trump has raised through his various fundraising efforts in recent years. According to a report by the Center for Responsive Politics, Trump's political entities raised over $76 million in the first half of 2021 alone, with the majority of the funds coming from small-dollar donations of $200 or less.

These fundraising efforts have allowed Trump to maintain a significant influence in Republican politics, despite being out of office. Many Republican candidates have sought his endorsement and have even gone as far as to embrace his controversial rhetoric and policies in an effort to appeal to his base of supporters.

However, it's worth noting that Trump's continued influence in Republican politics has also led to a deepening divide within the party. While some Republicans continue to support him, others have distanced themselves from him and have called for a more moderate approach to politics.

This divide was on display during the 2022 midterm elections, where several Republican candidates who were closely associated with Trump lost their races, while others who had distanced themselves from him were successful. This has led some to speculate that Trump's influence may be waning, particularly as he continues to face legal challenges and controversies.

In the end, the $4 million that Trump raised in 24 hours following his indictment is just one example of the significant fundraising efforts that have characterized his political career. While his continued popularity among his supporters and his ability to generate media attention have helped him to maintain his influence in Republican politics, it remains to be seen how long this influence will last and what impact it will have on the future of the party.

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Saad Bhatti

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