Ron DeSantis' gubernatorial reelection campaign is still loaded with cash, giving him big advantages over possible competitors. But many now say he no longer seems so formidable — at least on Wall Street.
Wall Street is firmly in the Never Trump camp. Finding a Republican who can make “never” happen is another question.
Where Wall Street puts its money matters because financial industry executives are among the biggest donors in presidential elections. And while bankers and asset managers generally favor lower taxes and lighter-touch regulation, they also value stability and experience — and they spread their money around to candidates of both parties, meaning they’re very much in play in each cycle.
It was “‘wait and see,’ and this is why,” said an adviser to one top GOP donor in New York, who like others interviewed for this story was granted anonymity to avoid alienating candidates. “We’re not the only ones who are happy with our decision to wait and see.” “What we probably wind up with is a choice between a guy who is very old and wants to raise our taxes and reregulate everything, and a guy who could be running from prison,” the executive said.
Still, Scott and Haley’s fundraising totals remain modest compared to those of DeSantis-aligned groups — one state-level committee, Friends of Ron DeSantis, has more than $85 million on hand. “I call my donors. I call my supporters. And that’s been an issue that people have complained about with him,” said Miami Mayor Francis Suarez, a Republican who has flirted with a 2024 bid.
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