During the first three GOP primary races in Iowa, New Hampshire, and South Carolina, former governor of South Carolina Nikki Haley lost all three, wasting $76.4 million in the process.
Trump’s huge grassroots support across the country is demonstrated by the enormous sum of money spent in the first three primaries of the 2024 cycle.
The amount of money spent also indicates how many resources the Republican Party refrained from using to unseat President Joe Biden.
up to the election on Saturday. Haley stated that she won’t withdraw from the competition until Super Tuesday, which is on March 5.
Below is a list of the funds used by her campaign and political action organizations in the first three elections:
South Carolina: $8.4 million
New Hampshire: $31 million
Iowa: $37 million
Haley’s ability to gather the necessary funds to continue her campaign over the next few weeks is questionable in light of her loss on Saturday in South Carolina. As to the Federal Election Commission reports, as of the end of January, Haley’s superPAC only possessed $15 million in cash.
Following Haley’s defeat in the crucial Republican primary in New Hampshire, the donor class started to withhold all further support for her campaign in January, several advisors to political megadonors informed the Washington Post.
Democrat and LinkedIn co-founder Reid Hoffman, a millionaire contributor, stopped funding pro-Haley political action committees. “We made investments in Governor Haley back when we believed she had a chance to win. Hoffman advisor Dmitri Mehlhorn told the Wall Street Journal, “I’d need to see a fresh case, with new facts, to persuade me that additional money might help her win now.”
According to a political megadonor consultant who spoke with the Post, Haley’s financial difficulties are anticipated to worsen. The advisor stated, “She doesn’t have the momentum she needs to win South Carolina without a New Hampshire win.” “And on Super Tuesday, she has no chance without a path to South Carolina.”
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