Not content to let Rand Paul have all the headlines this week, today Ted Cruz revealed that his controversial decision to forgo an “exploratory committe” because, honestly, who in the hell even cares about those anyway(?), was a rapid and resounding succcess.
With just one week, a handful of fundraising emails, two YouTube videos, one functioning website and a metric ton of stock photography under his belt, Ted Cruz has managed to raise a whopping $31 million from individuals and SuperPACs.
Ted Cruz’s presidential effort is getting into the shock-and-awe fundraising business.
An associate of the Texas senator, a recently announced presidential candidate, tells Bloomberg that a cluster of affiliated super-political action committees was formed only this week, and among them they are expected to have $31 million in the bank by Friday.
Even in the context of a presidential campaign cycle in which the major party nominees are expected to raise more than $1.5 billion, Cruz’s haul is eye-popping, one that instantly raises the stakes in the Republican fundraising contest.
Right now, the bank account only has about $20M, but most of that has been raised by three Super PACs in Texas, each of which is working its tail off to raise and provide money to Cruz’s campaign. That’s not what’s interesting, though – at least not totally. It’s that the Super PACs working on Cruz’s behalf are all located in Texas, and all three are affiliated, in some way, with big money donors who previously gave to Rick Perry and to George W. Bush. This means that Cruz is, in fact, encroaching in on Jeb’s territory (and, for that matter, Perry’s). It could also explain why Bush is going after the big money donors Mitt Romney courted, rather than the ones who gave to his brother.
Suffice it to say, Ted Cruz is off to a good start. It’ll be interesting to see how this pans out.