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4 year oldFiguring out why Pete Buttigieg dropped out of the presidential race yesterday is easy. He had gotten trounced in South Carolina, appeared likely to get trounced on Super Tuesday, and, according to FiveThirtyEight, had a less than 1 percent chance of winning a plurality of pledged delegates overall.
The more interesting question is why Buttigieg—who dazzled the national media, captivated big donors, and came close to winning the first two primary contests—found himself in this unenviable spot. The answer says a lot about how the Democratic Party’s relationship to money, and its expectations surrounding race, have changed over the last 30 years.
Although Buttigieg’s youth, sexual orientation, and lack of statewide elected experience made him an unconventional candidate, he raised money in a conventional way. He raced across the country holding fundraisers with large Democratic donors, many of whom embraced his campaign after his stellar televised performances last spring. What he achieved playing by the Democratic Party’s old fundraising rules was remarkable. Over the course of 2019, Buttigieg, the former mayor of South Bend, outraised Joe Biden, the former vice president, by $15 million dollars.
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