The Lid: “Here’s what a big fundraising quarter at this stage of the political cycle doesn’t mean: 1) That those donors will be loyal to you if you falter in the future, and 2) that you’ll win your party’s nomination. In fact, we went back through the last three presidential cycles’ worth of Q3 reports and noticed that each one’s big winner (Rick Perry in 2011, Hillary Clinton in 2007, Mitt Romney in 2007 and Howard Dean in 2003) didn’t win their party’s nomination.”

