Bye, Bye, Jebbie!
Posted on 02/20/2016 6:31:17 PM PST by Pinkbell
His campaign started out stuffed with money.
By last July, Jeb Bush had raised $103 million for his super PAC, Right to Rise, an astonishing sum that seemed to foretell the most lavishly funded campaign in American history. No super PAC had ever raised so much cash so early in an election cycle. In fact, Right to Rise alone outraised all the super PACs combined at the same stage in the 2012 elections.
Now, after primary elections in just three states, Bush is out. He finished sixth in the Iowa caucus, fourth in the New Hampshire primary, and now, fourth in the South Carolina primary. It has become a given in modern American politics that money buys results, but Bush's rapid flameout suggests a more nuanced reality: Money can buy an edge, but successful candidates still need broad-based support and lots of smaller donors.
Bush‘s strategy from the beginning was to lure wealthy donors able to write six- and seven-figure checks to his super PAC. But his campaign itself was never well-funded, and that turned out to be a critical gap. Super PACs, which can accept unlimited amounts of money, can pay for ads and other types of advocacy—either for the favored candidate or against rivals—but they’re not allowed to cover basic campaign expenses such as salaries for staff, travel costs, event fees and anything else done by the campaign proper. That's what the presidential campaign committee is for, and that's limited to maximum donations of $2,700 per person for the primary elections, and another $2,700 for the general election. So even with a gargantuan super PAC, it's still crucial to have a lot of donors funding the traditional campaign.
(Excerpt) Read more at finance.yahoo.com ...
There are charts posted. What I found interesting but not surprising is that Hillary leads by a large margin every candidate in campaign contributions by a lot. Bush, however, had the highest PAC contributions by a mile.
Can’t buy me love...
I’m thinking he was enjoying the lavish life of barrrack obama before he had barrrrack’s gig.
Mike Murphy ...laughing all the way to the bank ...
Please clap!
I wonder what Right to Rise will do with its cash?
People quit donating?
Did I win ?
The GOPe amnesty pimp got trumped.
Right to Rise couldn’t keep it up.
Maybe Bob Dole can help them.
Mommy said no?
Bush’s strength was not individual campaign contributions. It was his PAC money. He struggled raising money with regular and small donors.
His PAC still seems to have a good deal of money based on the chart.
Jeb spent over $100 million in his failed presidential bid.
The GDP of a small third world country wasn’t enough to power him to the top.
It marks the end of the Bush Dynasty’s grip on the GOP.
Karl Rove is saddened, deeply saddened.
It was those turtles eating him out of house and home.
I can honestly, truthfully say that, besides the odd thread to make fun of him in the next few days and weeks :), that I will Never think of the Bush name again.
It’s great.
It really illustrates how incredibly bad a candidate he was that that amount of money couldn’t save him.
Would you give him money?
The article seems to suggest it will go to Rubio. Rubio is going to be the establishment guy, and Rubio made a play for Bush’s support in his speech tonight I though.
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