From Daniel Halper in the Weekly Standard:
Florida governor Jeb Bush received 5,165 votes in Iowa. His vote total constitutes 2.8 percent of the Republican turnout, placing him in sixth place in the Iowa caucus.
Yet no candidate in either party spent more in the race than Bush.
According to MSNBC, Bush spent $14.9 million in Iowa, all coming from Bush’s super PAC. (In fact, if one were to consider national ads and money from the campaign, the total would be significantly more.)
Talk about a high burn rate. Meanwhile, his super PAC funds are drying up writes Tory Newmyer in Fortune:
The account on Sunday night reported that its collections in the second half of the year sagged to $15.1 million, a stark comment on Bush’s diminished standing. The lion’s share of that total came in a $10 million check from C.V. Starr, an insurance agency operator headed by former AIG CEO Hank Greenberg. Only one other donor forked over a contribution greater than six figures — Morton Bouchard, the CEO of an oil barge company, gave $1 million. That’s a far cry from last spring, when Bush fundraisers advised eager donors to limit their contributions to $1 million so as to avoid a possible public relations headache if the account raise too much money.
To make things even worse for Bush, he’s losing donors to Marco Rubio. This from Katherine Miller and Jeremy Singer-Vine in BuzzFeed:
Approximately 119 previous Jeb Bush donors gave to Marco Rubio for the first time in December.
That’s part of an accelerating trend over the last few months as Bush’s candidacy slowly tanked during the fall, according to a BuzzFeed News data analysis of the most recent campaign finance reports.
Because FEC filings are long and complex, we used a script that matched first name, last name, and zip code to identify the donors. That’s a decent rule of thumb, but not perfect; it doesn’t account, for example, for people who moved between ZIP codes, for who donors misspelled their names, or for ZIP codes with multiple people with the same name. Hence, the word “approximately.”
And although it’s not a huge number of donors, it’s not insignificant either — the donors contributed approximately $249,500, per BuzzFeed News data analysis.
One wonders how Lindsey Graham feels about wasting his endorsement on Bush now. Over the weekend, Bush characterized Rubio as whining about the attack ads against him. Yet it is he who looks bad this morning as Rubio leaves Iowa for New Hampshire with more momentum than any candidate.