In her efforts to defeat former President Donald Trump for the Republican nomination, former South Carolina Gov. Nikki Haley has blown over $76 million in campaign funds in four states during the primaries. Now, her top donors are pulling their funds.
Haley has spent a substantial amount of money in Michigan, New Hampshire, Iowa and her home state of South Carolina, only to lose to Trump by significant margins.
Just this alone proves she can’t handle fiscal responsibility responsibly. https://t.co/jKRGrCh1FC
— 🐾BullyBelleChelle🐾 (@bullybelleTN) February 28, 2024
She spent most of the funds concentrating on Iowa, spending a whopping $37 million, only to lose miserably.
Haley only spent $937,000 in Michigan.
Haley’s mega spending showed how big Trump’s support is, seeing that spending on advertising and campaigning did little to beat the former president.
She even lost her home state of South Carolina after spending $8.4 million on the campaign trail.
After all of the spending, Haley has nothing to show for it, except having only $15 million in campaign funds at the end of January, according to Federal Election Commission filings.
Her spending habits show that Haley is determined to stay in the race.
None of the money she has spent so far on the campaign trail has been geared toward President Joe Biden.
Donors have begun abandoning the former U.N. ambassador.
“Without a New Hampshire win, she doesn’t have the momentum she needed to win South Carolina,” one political megadonor adviser said. “And without a lane to South Carolina, she has no chance on Super Tuesday.”
Reid Hoffman, co-founder of LinkedIn and Democratic billionaire, also postponed donations due to Haley’s disappointing performance.
“We invested in Governor Haley when we thought she had a shot of winning. I’d need to see a new case, with new evidence, to persuade me that more money could help her win now,” said Hoffman’s advisor Dmitri Mehlhori.
Though she has suffered massive defeats in the primaries. Haley reported that she will not drop out of the race until March 5, Super Tuesday.
“America will come apart if we make the wrong choices. This has never been about me or my political future,” Haley told a South Carolina crowd. “I am a woman of my word. I’m not giving up this fight.”
