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GOP campaign financing: Part 3 ~ Jeb!
Full disclosure: Conservative Treehouse (Sundance) is a blog that has come out in full support of Donald Trump. However, Sundance’s analyses of and reporting on other campaigns have been in depth and educational, especially when it is difficult to identify the donors. From an August 29, 2015 blog post:
It is always important to remember, in 2015/2016 there are two types of funds for each candidate now: traditional campaign finance (which has rules, laws and limits – albeit changed this year), and Super-PAC funding (no limits).
The campaign funding behind Jeb Bush falls primarily into the Super-PAC category, in this case, a Super-PAC called the Right to Rise Super PAC.
From an earlier blog on August 16, Sundance reported that:
The Super-PAC [Right To Rise] that Jeb Bush constructed, well, Jeb and Tom Donohue, and Mitch McConnell and the Wall Street power brokers who planned the entire gig, prior to the announcement of his candidacy, have a plan.
And then comes the big question: “So who exactly is behind this Right To Rise USA Super-PAC?”
At least 20 individuals each wrote checks of $1 million or more to the super PAC. They include billionaire health care investor Miguel Fernandez, the group’s biggest donor; California billionaire William Oberndorf; Iranian-American diplomat Hushang Ansary and his wife Shahla; and hedge-fund manager Louis Bacon.
Right to Rise also got about 236 six-figure checks from several notable donors, including former Utah Gov. Jon Huntsman, Citadel Investment Group founder Kenneth Griffin and Houston businessman Robert McNair.
Treehouse linked to a July 2015 Politico article that reported:
With help from two former presidents and hundreds of other wealthy Wall Street and K-Street donors, the pro-Jeb Bush super PAC raised a staggering $103 million in the first six months of the year.
The information at Treehouse and left-leaning Politico are consistent: Bush has the backing of Wall Street mega-financiers. The Bush campaign has been spending heavily on TV and direct mail. As of today, RealClear Politics shows Jeb is in 6th place (at 3.3%), behind Trump, Cruz, Rubio, Carson, and Christie.
For background on Chris Christie’s fund-raising, posted earlier on this blogsite, go here.
For background on Dr. Ben Carson’s fund-raising, posted earlier on this blogsite, go here.
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