(Politico) - Jeb Bush has a big expectations problem when it comes to fundraising for his Right to Rise [aka Rule] super PAC.
All across Wall Street and the rest of the nation, donors who attended high-dollar Bush events are whispering that the former Florida governor could raise as much as $100 million in the first quarter of the year — and maybe $500 million by June, if not significantly more. Either feat would smash records and send shock waves through the rest of the GOP presidential field.
Bush advisers are scrambling to drive these lofty expectations way down, saying both publicly and privately that such numbers are absurd and that Right to Rise won’t come anywhere near them.
“The whispers in the air are not at all accurate,” Bush spokesman Tim Miller said. “The PAC’s goals are far more modest.”
Other people close to Bush privately use more colorful language to talk down the fundraising figures, noting that Mitt Romney’s Restore Our Future PAC spent just $43 million for the entire 2012 primary season. One adviser called the $100 million by March 31 figure a “total fantasy.”
But so far, efforts by the Bush team to reduce expectations for their money haul are not working. Read more.
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