Billionaire Class Dominates 2016 Spending

Read the whole thing.

Here’s the key line: ” …the super PAC allies of Cruz and Rubio are circling like vultures around the megadonors who have supported rival GOP presidential candidates …”

“The 100 biggest donors of 2016 cycle have spent $195 million trying to influence the presidential election ? more than the $155 million spent by the 2 million smallest donors combined — according to a POLITICO analysis of campaign finance data.

The analysis found that the leading beneficiaries of checks from the top 100 donors were Jeb Bush’s floundering campaign for the GOP nomination (a supportive super PAC received $49 million from donors on the list), Democratic front-runner Hillary Clinton (super PACs dedicated to her raised $38 million from top 100 donors) and Ted Cruz’s insurgent GOP campaign ($37 million).

In fact, despite his attacks on his party’s donor class and establishment, Cruz, the Texas senator who won last week’s Iowa caucuses, appears to have locked down the support of four of the top six donors ? the Wilks family of Cisco, Texas (the No. 1 donor on POLITICO’s list), New York hedge fund tycoon Bob Mercer (No. 2), Texas energy investor Toby Neugebauer (No. 4) and Illinois manufacturing moguls Dick and Liz Uihlein (No. 6) ? but only one other donor on the list.

Conversely, a super PAC supporting Cruz’s GOP rival Marco Rubio raised just $22 million from POLITICO’s list, but the Florida senator appears to have the support of 14 of the top 100 donors, suggesting his ultra-rich supporters might be willing to spend even more to support him if he survives his widely panned Saturday night debate performance and emerges as the establishment’s best bet to knock off Cruz and national GOP polling leader Donald Trump.

The findings explain why, on the eve of Tuesday’s New Hampshire primary, the super PAC allies of Cruz and Rubio are circling like vultures around the megadonors who have supported rival GOP presidential candidates whose campaigns are floundering, like Bush, or those who have already dropped out, like Rand Paul. …”

It’s funny because Hillary Clinton is actually their second choice behind ¡Jeb! whose campaign is imploding and has no chance at this point. For some reason, Hillary won’t release the transcripts of the speeches she gave to Goldman Sachs.

Note: BTW, Ted Cruz gets his healthcare through Goldman Sachs, or at least was doing so before he had to drop it to run for president.