There are only four words we need to take away from this Bloomberg report about Ted Cruz SuperPAC fundraising: Thirty one million dollars.
I don’t know whether he will win or not, but Ted Cruz will be able to raise the money to compete in this Presidential primary season.
PACs are the way for the underdog to compete. Because they bypass the traditional campaign finance limits, which favor incumbents and established interests over upstart reformers*, they allow the little guy to find the money to stay in the race. Ted Cruz is that little guy, and he’s getting the money.
Time will tell whether Cruz is able to use this money to get the votes and the delegates, but at least his supporters now know he will have staying power, and messages in support of his candidacy won’t have to go dark at critical moments this cycle.
* Of course, that’s why Democrats and establishment Republicans love campaign finance limits.