Posted on 04/08/2015 9:17:49 AM PDT by E. Pluribus Unum
He’ll have $31 million in the bank soon, they say.
Dathan Voelter isn’t a well-known name among Republican political operatives. But Voelter, an Austin-based attorney at Freescale Semiconductor, is the only person publicly associated with the cluster of four super PACs that he says is about to raise $31 million to support Ted Cruz’s presidential candidacy. The PACs can raise unlimited sums, and do not have to disclose their donors, so Voelter is the front man for the billionaires putting their money behind Cruz.
Bloomberg’s Mark Halperin broke the news about the PACs on Wednesday, and he notes that “there are no known cases in which an operation backing a White House hopeful has collected this much money in less than a week.”
Since he surprise victory in 2012, Cruz has been a robust grassroots fundraiser, particularly online, but his team has long known that if he is going to be a competitive candidate in 2016, he is going to have to raise the sort of serious, eye-popping money that establishment candidates like Jeb Bush and Hillary Clinton are already hauling in. The formation of the various PACs has been in the works for months, and their public announcement on the day after Rand Paul launched his presidential campaign is no accident.
“Our goal is to guarantee Senator Cruz can compete against any candidate,” Voelter said in a statement. “Supporters of the Senator now have a powerful vehicle with the resources necessary to aid in his effort to secure the Republican nomination and win back the White House.”
Cruz, however, already had a super PAC devoted to boosting his candidacy. That PAC, Stand for Principle, was founded last year. Though it was loosely directed by Cruz’s longtime friend and former debate partner David Panton, it was officially led by former Newt Gingrich fundraiser Maria Strollo Zack. The PAC had pulled in a paltry $300,000 by the beginning of 2015, and, according to two people with knowledge of the situation, the senator’s would-be backers didn’t like what they saw, at least not enough to put their millions there.
So now, there is another group of PACs under different direction. Keep the Promise, Voelter said in his statement, “can provide the ‘appropriate air cover’ in the battle against Senator Cruz’s opponents in the Washington establishment and on the political left.”
“We plan to support the effort of millions of courageous conservatives who believe 2016 is our last opportunity to ‘keep the promise’ of America for future generations,” he said.
— Eliana Johnson is Washington editor of National Review.
Exclusive: New Ted Cruz Super-PACS Take in Record Haul: $31 million raised in less than a week.
http://www.freerepublic.com/focus/f-gop/3277004/posts
My feeling is the Koch Brothers will go with Rand Paul...
They now own his arse.
I have a better chance of being the nominee.
They are Walker supporters as of now, from what I can tell.
So, the money is coming from “Billionaire donors.” And the evidence of this is . . . ?
Of course, in the MSM, the narrative will be that Cruz is just a bought and paid for stooge for the “rich”, whereas whenever a democrat/liberal piles up lots of campaign contributions, it is evidence of their “broad base of support” among the electorate.
I think they like Scott Walker.
Rand’s going nowhere...
The Kochs Brother will like Rand Paul because they are libertarians of the open borders persuasions. My take is lots of what Rand Paul says is pitched to the Koch Brothers and similar type millionaire-billionaire Republican donors
I hope he continues to work for me.
There's no denying that a sudden influx of cash can test a man's constitution and character. I pray that he's well-prepared for the challenges ahead.
“Of course, in the MSM, the narrative will be that Cruz is just a bought and paid for stooge for the ‘rich’, whereas whenever a democrat/liberal piles up lots of campaign contributions, it is evidence of their ‘broad base of support’ among the electorate.”
Looky there! You got the memo, LOL!
Maddening, isn’t it?
Isn’t it funny we never see these articles about liberal candidate donors????
You mean the guy who wants to put an end to things that have a disparate impact on blacks, like laws against murder and theft?
None. Innuendo to discredit Cruz again. First, they said he could not raise significant amounts of money. Now that he has, they are claiming it is only because of billionaires, not a grass roots effort.
The donations are probably a bit of both. If there are enough people who care to raise ~$1 million for a pizza joint in a week, $31 million for an energizing candidate does not see like that much of a stretch.
Besides, any significant candidate will have some billionaires backing him. If this report is true, then there are moneyed folks out there who believe Cruz can win. However he is raising the money, it is a positive sign for his campaign.
On the bright side, at least our government isn’t for sale.
“there are no known cases in which an operation backing a White House hopeful has collected this much money in less than a week.”
And, this tells me .. Americans are really MAD AS HELL.
And NRs too, for its concern,
Are you talking about TED ..???
If so, you have no clue who Ted is. Sad.
/johnny
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