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Thursday, April 16, 2015

Cruz Raking in Donations; where is the field?

In nine days as an official candidate for the presidency, Texas Senator Ted Cruz has raised a reported $9.3 million. Such an impressive figure explains why a string of candidates declared so early in the process. Once someone donates to a candidate, they're less likely to donate to another. A donor's spigot gets turned off (or, at least, responsive only to one candidate's hand) once they've picked their initial champion. If Cruz waited for, say, Scott Walker or Ben Carson to declare, he would have missed out on potential donors. Now it is those two who missed out.  (Politico expects Carson to declare on May 4 (May the 4th be with him?), but it's unclear when Walker will officially join the fray.)  Cruz also recognizes what EMILY's List already knew--early money is like yeast; it raises dough. Cruz can use this money to attract more. Due to Cruz's early fundraising success, I'm ticking up his Republican nomination odds to 14:1.

In addition to Walker and Carson, we also wait for likely front runners Jeb Bush and Chris Christie, and a host of others like Bobby Jindall and former candidates Mike Huckabee, Rick Perry, and Rick Santorum.

More on Walker soon, as he continues to excel in the key state polls.

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