October 23, 2015 01:03 PM UTC

Jeb! Bush Restructures Campaign, Slashing Budget and Staff

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• by: Colorado Pols

As Politico reports, things aren’t going well for former Florida Gov. Jeb! Bush as he seeks the Republican Presidential nomination:

Jeb Bush on Friday ordered a wholesale restructuring of his struggling campaign after suffering miserably in the polls despite massive spending and a deep donor network.

The campaign will cut payroll costs by 40 percent, downsize its Miami headquarters by more than 50 percent, reduce travel costs by 20 percent and cut 45 percent of spending on things other than media and voter contact. The cuts will begin on Nov. 1.

Although campaign officials insisted they’re still in strong shape, the cuts — combined with Bush’s stagnant poll numbers — suggest otherwise. [Pols emphasis] According to donors, some of whom called for Bush to rein in its spending, the campaign’s assurances about its organizational and financial advantages had worn thin; and the third-quarter financial report, filed last Thursday, gave further definition to their growing concerns about the state of a big-spending campaign failing to deliver results.

“These donors are not finding these explanations by the Bush team believable,” said one bundler, speaking on the condition of anonymity. “There’s a lot of frustration that a lot of money’s been spent and it hasn’t moved anything.”

Ladies and gentlemen, Jeb! Bush, the “black knight” of the Republican field for President.