Washington – Republican Senator Ted Cruz and the outside groups supporting his presidential bid have raised more than $51 million in the three months since he launched his campaign for president, according to a statement from his campaign on Sunday.
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Cruz, who announced his candidacy on March 23 in a speech at the conservative school Liberty University in Lynchburg, Virginia, has raised far less in donations directly to his campaign than his supporters have collected for the four outside spending groups supporting him.
The statement said there were 175,000 individual donations to the campaign with an average contribution of $81. About $10 million came in during the second quarter of the year.
Final figures from political action committees supporting him have not been released yet but the Cruz campaign said that in June the groups announced having already brought in more than $37 million.
Last week, the campaign for Hillary Clinton, the clear front-runner in the Democratic field, announced she had raised more than $45 million since entering the race in April.
Cruz, the firebrand first-term senator from Texas, has 4 percent support in an average of polls on realclearpolitcs.com.
Cruz has been appearing at conservative cattle calls and meeting behind the scenes with wealthy Republican donors to try to build a base of supporters. Earlier this year, he courted casino magnate Sheldon Adelson, appearing at a gala in New York hosted by the billionaire and speaking at a dinner for wealthy Republican Jewish donors. There is no indication that Adelson has decided to support Cruz.
But Cruz already has gathered support from other ultra-rich backers, including the billionaire hedge fund manager Robert Mercer. Mercer and two others seeded a pack of spending groups called Keep the Promise, allowing Cruz to reveal a $31 million haul in a single week.
Cruz and his campaign team are prohibited by campaign finance laws from coordinating their campaign strategy with the outside groups but Cruz spokesman Rick Tyler has in the past announced combined fundraising figures for both Cruz’s campaign and the outside groups.
Ted Cruz, Lindsey Graham, Marco Rubio, Rick Santorum & Mike Huckabee (not necessarily in this order) would be the best choices for President for the frum Jewish Community. (And for a close US/Israel relationship)
Governor Krispy Kreme, JibJab Bush 3, Billary Clunton and Bernie Communist Sanders would be a disaster for Yidden, for America and for Israel.
I support Cruz because he’s going to abolish the IRS. I sent my tax refund to his campaign.
Fun with statistics. The average of my income and Bill Gates’ makes me worth about 40 Billion. Cruz may have 175000 contributors with an average contribution of $81, but the salient information would be the median contribution (half the people above;half below). For example, if you look at Cruz’s contributions in 2014, of the 18M he raised, almost 11M was from large individual contributions and only 3M from small individual contributions. Add to this the 2.5M from PACs and self-financing, we find that 75% of his funding comes from the wealthy few. This is why the Citizens United decision was so terrible for democracy. A billionaire can now keep an unpopular candidate in the race long beyond the point at which s/he should have dropped out for lack of voter support. Republicans – you have made your bed, now it is time to lie in it.