Dynasty Dashed: Jeb Bush Drops Campaign
Welp, so much for a third Bush in office.
And as Jeb Bush ended his Republican presidential bid after disappointing results in South Carolina, a new fundraising report underscored how dire his financial situation had become.
The super PAC Right to Rise USA, which raised a record $103 million in the first half of last year, took in just $379,000 in January. Most of that came from a single donor: Richard DeVos, the founder of the Michigan company Amway and owner of the Orlando Magic basketball team. Devos wrote a $250,000 check on in mid-January. He also gave the same amount, at the same time, to a super PAC backing Bush rival Marco Rubio.
Right to Rise spent more than $7 million in January alone.
Through Saturday, the super PAC had plunged some $85 million into materials backing Bush and bashing other candidates, most notably Rubio. The majority of that money — $75 million — went into television and radio commercials, advertising tracker Kantar Media’s CMAG shows.
Meanwhile, Bush’s official campaign raised just $1.6 million in January and was down to less than $3 million in available cash as this month began.
So…yeah… On with the races!