A fool and his money are soon parted.
Within minutes of Jeb Bush dropping out of the presidential race Saturday night, some of his donors were preparing to throw their financial support behind Marco Rubio, who has emerged as the strongest candidate among the establishment wing of the party.
“Jeb’s network is already naturally migrating to Marco,” said Gaylord Hughey, a top Bush fundraiser from Texas, echoing what four other top donors told Reuters. “It’s the clear path.”
“It’s a stampede,” added another donor, who spoke on the condition of anonymity because he wanted to give Bush some time after dropping out before he went public with his support of Rubio, the US senator from Florida.
Three other Bush donors, who declined to be named, also said they now planned to support Rubio.
Although he has failed to win any of the first three nominating contests, Rubio is considered by many political strategists as the best positioned to challenge frontrunner Donald Trump, a billionaire political outsider, and Senator Ted Cruz of Texas, who has campaigned on an anti-Washington message.