Ted Cruz Allegedly Raises Record $31 Million in Less Than a Week

[DonViejo]

By Ben Mathis-Lilley

Recently announced presidential candidate and Texas Sen. Ted Cruz is not widely considered likely to win the 2016 election or even win the Republican party’s 2016 nomination. But those Americans who are high on Cruz are also apparently very wealthy and very willing to give their wealth away: According to Bloomberg, three super PACs affiliated with Cruz and formed this week are expected to collect $31 million by Friday, more than has ever been raised by similar groups for a single candidate in such a short time period. (Coordination between super PACs and specific candidates is ostensibly illegal, but in practice the prohibitions against it are easily circumvented.) From Bloomberg:

From his time as a Senate candidate in 2012, Cruz has been one of the country’s most aggressive and successful super-PAC fundraisers. His political team has calculated from the start of their planning for a presidential campaign that his overall operation would be able to keep pace with rivals in part because of a robust super-PAC operation. They have talked among themselves about the names of numerous wealthy Cruz backers who they fully expect will contribute several million dollars each.

There’s an important caveat in Bloomberg’s story, though:

Cash figures could not be independently confirmed by Bloomberg, and sources declined to provide financial documents to support the claim.

-snip-
http://www.slate.com/blogs/the_slatest/2015/04/08/ted_cruz_fundraising_record_31_million.html?wpsrc=slatest_newsletter&sid=5388f1c6dd52b8e4110003de

[louis-t]

1. How do that many crazy people get so much money?

[Skittles]

10. the real question is how did we get so many crazy people

I see them all around me - nutcases who will vote repuke no matter who gets picked from the clown car

[UTUSN]

2. That's one mighty expensive flush waiting to happen. n/t

[Initech]

3. He's a gigantic turd clogging the drain. That will take one hell of a plunger.

[hifiguy]

4. I think it was Rachel Maddow that said

"the likelihood of any given kook's success in winning any given election is directly proportional to the ability of that kook to raise a lot of money." Or something close to that.

Ignore this kook at our own risk.

[one_voice]

5. That's a whole lotta nuttery....

the rules of money and politics have changed; so one never knows. Probably mega churches found a loop hole and in comes the money.

[hifiguy]

9. Probably, and I doubt the IRS would have the nerve

to go after "good christians" even if they did it out in the open. Fundy religion trumps the law now.

[FSogol]

6. Good for him. That's $31 million that won't be going to a credible candidate or a candidate

that has a actual chance of winning.



Griftters gotta grift.

[herding cats]

7. The super-PACs don't have to file with the FEC until July.

So, it's not as if this is going to be verified as real of fake anytime soon if they won't willingly share documents.

[Rex]

8. Goldman Sachs playing both sides of the field? nt

nt