Efforts to derail Donald Trump seem futile – what to do with their money?
[pullquote align=”right” cite=”” link=”” color=”” class=”” size=””]American Opportunity Alliance is a loose coalition of some of the richest pro-business GOP donors in the country.[/pullquote]
High dollar donors have given millions to prop up Trump rivals, such as Scott Walker, Jeb Bush and Marco Rubio, only to see it all swept down the drain. Some donors even concede that perhaps Trump’s nomination is a fait accompli, and donors should instead focus their spending on protecting Republicans in other races.
In a meeting with members of the American Opportunity Alliance Thursday night, Paul Ryan shot down any possibility of himself as the party’s nominee, saying there is NO situation under which he would accept the nomination.
From POLITICO |PALM BEACH, Fla. ― House Speaker Paul Ryan met Thursday night at a pricey French restaurant here with some of the party’s biggest donors to assess a political landscape dominated by one vexing question: what to do about Donald Trump.
The dinner was a highlight of a secretive two-day conclave, convened under heavy security by a donor group headed by New York hedge-fund manager Paul Singer, that is being viewed as a pivotal moment for the big-money effort to block Trump from the Republican presidential nomination.
Sources familiar with the gathering said it was not intended to rally a last-ditch, anti-Trump cabal — and that, in fact, there was a diverse array of opinion represented among the donors in attendance. Some seemed open to supporting Trump if he wins the nomination, while others are backing his remaining rivals Ted Cruz and John Kasich.
[pullquote align=”left” cite=”” link=”” color=”” class=”” size=””]Related News: Chicago Cubs Owner Attempts Trump Takedown[/pullquote]
But many of the two dozen or so donors in attendance ― including Singer and Chicago Cubs co-owner Todd Ricketts ― have given millions to super PACs devoted to attacking Trump or supporting his now-vanquished rivals, including Marco Rubio, Scott Walker and Jeb Bush. Now, however, it’s becoming increasingly likely that efforts to derail Trump by defeating him in primaries and caucuses are futile.
Thus, talk was expected in GOP finance circles to turn to whether there might be other viable avenues for stopping the anti-establishment billionaire real-estate showman, such as a convention fight, or whether his nomination is a fait accompli, and donors should instead focus their spending on protecting Republicans in other races.
The gathering, organized under the auspices of a coalition formed by Singer called the American Opportunity Alliance, took place largely in the second-floor ballroom of a tony resort hotel secured by guards wearing gold trident lapel pins.
[pullquote align=”full” cite=”” link=”” color=”” class=”” size=””]Sources familiar with the gathering said the politicians likely would stand to benefit from fundraising by members of the American Opportunity Alliance. It is a loose coalition of some of the richest pro-business GOP donors in the country, and it has helped raise money for select Republican candidates who mostly support hawkish foreign policy stances, and sometimes are moderate on social issues.[/pullquote]
Singer had endorsed Rubio and had donated at least $2.5 million to a pro-Rubio super PAC that had spent heavily on ads opposing Trump. And Ricketts’ mother Marlene Ricketts donated at least $3 million to the anti-Trump Our Principles PAC. It spent heavily on ads in Florida and Illinois in the run-up to those states’ primaries, but Trump won both contests convincingly.
(Read more at POLITICO)
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