The Washington Post reported Tuesday evening that likely 2016 GOP presidential candidate Jeb Bush will likely fall far short of his touted $100 million fundraising goal. The missed goal could blemish Bush’s central rationale of the most electable candidate, and will call into question his campaign strategy to overwhelm GOP rivals.
The fundraising haul that the super PAC will report on July 15 is still bound to be historic. Bush told donors in April that the operation had raised more money in its first 100 days than any other Republican organization in modern history.
But any figure short of $100 million will probably be seen as a sign of weakness by senior party strategists and donors, many of whom now expect the group to greatly exceed that total.
It’s the latest bad news for a campaign that hasn’t even begun. (Bush is set to officially announce in a few days, after significant criticism.) The campaign had a shake-up of leadership yesterday, while Bush has failed to pull ahead in any of the polls, even trailing down to fifth place in some unfriendly states like Iowa.
But Bush was expecting to rely on a massive fundraising advantage to outlast opponents, or even intimidate them out of the race. Instead, candidates like Ted Cruz (R-TX) have posted impressive fundraising hauls through Super PACs, while others are backed by multibillionaire donors who can single-handedly bankroll a primary campaign.
[h/t Washington Post]
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