So Much For Ted Cruz Not Being Able to Raise Money

Ted Cruz

[vc_row][vc_column][vc_column_text]It is an unfortunate truth in politics that a top measure of electability is the amount of money raised. You can be the best candidate with the best message, but if you can’t buy a huge megaphone to get your message out, you are likely to lose.[/vc_column_text][banner300 banner=”5517620b381df”][vc_column_text css_animation=””]

[/vc_column_text][vc_column_text]

Many thought that establishment-backed Jeb Bush would suck all the money out of the room, and while that is yet to be seen, the amount of money raised by Ted Cruz, the first official entry into the 2016 presidential race, is quite impressive.

The Cruz campaign has raised an eye-popping $4 million in only eight days.

Even more impressive, an indication of massive grassroots support, is that 95% of contributions come from donors contributing $100 or less.

As the Wall Street Journal  reported on Thursday, Cruz’s numbers crush some previous well-known presidential candidates:

The donations show Mr. Cruz outraising in one week the $2.1 million garnered in two months by Newt Gingrich, a former House speaker, after formally launching his campaign in 2011.

 

Sen. John McCain (R., Ariz.) raised $1.7 million in the 1 1/2 months after he started a presidential exploratory committee in 2006. He went on to win the party’s nomination that cycle.

It’s a long campaign, and it’s just getting started, but the notion that Cruz wouldn’t be a formidable fundraiser has just been debunked.[/vc_column_text][/vc_column][/vc_row]

About the Author

Matthew K. Burke
Matthew K. Burke
A former Washington State U.S. Congressional candidate in 2010, Matthew attended the nation’s first modern day Tea Party in 2009 in Seattle, Washington. He also began writing and blogging that year. Matthew became a Certified Financial Planner in 1995 and was a Financial Advisor for 24 years in his previous life. Matthew was one of the three main writers leading a conservative news site to be one of the top 15 conservative news sites in the U.S. in a matter of months. He brings to PolitiStick a vast amount of knowledge about economics as well as a passion and commitment to the vision that our Founding Fathers had for our Republic.
JOIN POLITISTICK
Subscribe for FREE today
to stay in the loop!

Send this to friend