Republican donors were horrified in November after pouring hundreds of millions of dollars into losing campaigns for president and Congress with nothing to show for it. A year later they’re appalled by how little has changed, angered by the behavior of Republican lawmakers during a string of legislative battles this year capped by the shutdown, and searching for answers.
In conversation after conversation, donors express growing frustration with the party and the constellation of outside groups they’ve been bankrolling. After getting squeezed last year by an array of campaign committees, party committees and disparate super PACs, many of them are still sitting on their checkbooks — a worrisome sign for the party with the 2014 midterm elections fast approaching…
Donors and business leaders, whose words used to carry great weight with candidates ever worried that the money spigot might be turned off, now face a new reality. It’s a Frankenstein syndrome of sorts, in which the candidates they’ve helped fund, directly or indirectly, don’t fear them, and don’t think they need them.
Many business leaders are exasperated by their diminished influence among congressional Republicans since the 2012 election, and by the rising clout of groups like the Senate Conservative Fund, which have run ads against incumbent Republican senators for not taking a hard enough line on the shutdown.
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