Jeb Bush was in the high-falootin’ New York Beach communities looking for cash – ANY CASH – and he found himself a rainmaker money man:
Straight from the Democrat Party. Are you surprised?
Behind a garden modeled on Monet’s, Jeb Bush addressed a lawn-full of chief executives and hedge-fund managers at an East Hampton, New York, estate Saturday morning. While the candidate is no stranger to courting wealthy donors, this time was different: about half the attendees were Democrats.
“This guy sells well,” said Kenneth Lipper, the money manager and registered Democrat who hosted the event, after Bush left. Virtually the only one who left without writing a check, Lipper said, was a buck deer that wandered past the group assembled on the wooded grounds.
The wealthiest donors are playing an unprecedented role in the early stages of the 2016 race. For the first time ever, most candidates are raising more money through super-PACs, which can accept donations of up to $1 million or more, than through the traditional campaign accounts that are capped at $2,700 per donor.
No one has raised as much in this new environment as Bush, who had amassed about $103 million in his super-PAC and another $11 million for his campaign by the end of June. The Lipper event shows how widely Bush is ranging in his quest for donors.