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Cruz's faltering campaign shows the risks of depending on a few (three) wealthy donors
LA Times ^ | May 2, 2016 | Joseph Tanfani and Noah Bierman

Posted on 05/02/2016 8:23:08 PM PDT by profit_guy

Ted Cruz, in his outsider’s bid for the White House, has depended heavily on the largesse of just three wealthy donors to establish credibility and stay afloat amid a chaotic nominating process that killed off most of his rivals.

Now, at perhaps the most desperate moment in his quest to win the Republican nomination, Cruz is learning the perils of relying on strong-willed magnates who carry their own agendas and have demanded an unprecedented level of control in how their money is spent.

One of the three primary donors to Cruz’s presidential efforts, a private equity manager who recruited the other two top donors, has refrained from spending the vast majority of his $10 million contribution to bolster the Cruz campaign. He is instead fighting openly with the top strategist for the super PACs that were set up to spend the money.

The man at the center of the fight, Toby Neugebauer, is a close friend of Cruz and his wife, Heidi. Neugebauer and his own wife have vacationed with the Cruzes, and he still counts himself a major supporter. But he has refused to spend $9 million of the $10 million he put into a super PAC.

(Excerpt) Read more at latimes.com ...


TOPICS: News/Current Events; US: New York; US: Texas
KEYWORDS: 2016election; canadian; cruzie; election2016; ineligible; newyork; tedcruz; texas; trump
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To: sargon
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Still needs to be out there - many claim that Cruz is beholden to no one and he has taken a lot of "no one's" money. Can't remember all the "emergency/crises" where my pledge for more money right now would be matched by "generous donors".....I'd wager that them generous donors might not be so quick to keep matching them donations....

21 posted on 05/03/2016 5:06:32 AM PDT by trebb (Where in the the hell has my country gone?)
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To: profit_guy

JLS: “3 > 1”

profit_guy: “You keep telling yourself that.”

So you doubt that 3 is greater than 1. That explains a lot.


22 posted on 05/03/2016 11:12:56 AM PDT by JLS
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To: JLS

How’s that 3>1 working out for your guy Cruz?


23 posted on 05/03/2016 12:03:34 PM PDT by profit_guy
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To: profit_guy

How is that math working out for you?


24 posted on 05/03/2016 1:11:45 PM PDT by JLS
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