Photo credit: dailymail.co.uk
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.
# # #
