Before Jeb Bush entered the race in hopes of becoming 2016 GOP presidential nominee, he helped his super PAC raise $100 million. That astonishing number led many to crown him the frontrunner, though he was never the frontrunner among the grassroots.
Despite raising so much money and having the backing of the GOP establishment who would love to see a third Bush in the White House, Jeb Bush’s campaign never got any traction. In fact, it seemed the more he spent, the worse he did among voters. Now, Erick Erickson at The Resurgent is reporting that Jeb’s campaign is nearly broke and will stop paying staff on Saturday, the very day the crucial South Carolina Republican Primary will be held.
Although the Bush campaign denies the allegations that the campaign is broke and the rumors that his campaign is all but over, Erickson said he stands by his story and his sources. He also cites other signs that the Bush campaign will end in South Carolina if he doesn’t have a strong finish in the top three.
Wall Street source tells me top Jebber calling donors: He will drop out unless he finishes "strong third" in South Carolina.
— Phil Kerpen (@kerpen) February 18, 2016
Kerpen is the president of American Commitment and also says that he stands by his sources, despite denials from the Jeb Bush campaign.
Last month, Bush came under fire as he was accused of blowing through his campaign war chest by spending the money on lavish luxuries. FCC filings by both his campaign and his super PAC revealed that Bush and his people were spending a lot of money on boutique hotels, private jets, and hosting very expensive posh parties.
In addition, Jeb Bush’s poor showings in both the Iowa caucus and the New Hampshire primary came at a significant price.
Bush’s super PAC spent $2,884 per vote in Iowa only to witness Bush finish in sixth place with only 2.8% of the vote. If you count all of the money spent by his campaign, including ad buys and travel expenses, the grand total per vote is $15,488.
Although Jeb Bush spent less per vote in New Hampshire, $1,150, than he did in Iowa, he still suffered an abysmal finish. At the end of the night, Bush finished in fourth place in New Hampshire behind Texas Senator Ted Cruz, who only spent $17 per vote.
Erickson suggests that if Jeb Bush truly wants to make a difference in this presidential race, then he should drop out of the race now, before Saturday’s primary, referencing how Rick Perry left the race in 2012 before the South Carolina primary and threw his support behind Newt Gingrich. In that race, Gingrich soared to a first place finish, though he ultimately did not secure the GOP nomination.