Why Doug Burgum Isn’t Dropping Out

New York Times: “Though he is barely cracking 1 percent in Iowa polls, his net worth is in the hundreds of millions. He has largely self-financed his campaign, lending it more than $12 million — a further $3 million has come in from donations, according to the campaign’s most recent filing.”

“He can afford to be quixotic. As of the end of September, his campaign had spent $12.9 million — more than the campaigns of Nikki Haley, Chris Christie and Mr. Pence combined. About a third of that was spent on television advertising time.”

“He is a testament to the power of private wealth to sustain a campaign, and to elevate a largely unknown, business-minded conservative from a largely rural U.S. state to the national stage — or, at least, the edge of the stage.”