Jeb Bush Is Probably Toast

...Bush’s “fundamentals” aren’t all that strong. He entered the debate with middling favorability ratings and polling at about 7 percent nationally. His endorsements have all but dried up: just two since Labor Day and none in the past three weeks, according to ourendorsement tracker. His third-quarter fundraising totals were mediocre. This wasn’t a case like that of Hillary Clinton, who even at her worst moments was polling at 45 percent and had the overwhelming support of the Democratic establishment. Bush had a lot of work to do to gain the lead in the first place.

The other reason the conventional wisdom matters for Bush is because Bush is running a conventional campaign. It’s not as though he has all that much grassroots support: Only 3 percent of his fundraising has come from small donors. Instead, Bush needs the support of Republican elites — and favorable media coverage — to signify to reluctant Republican voters that he’s a viable nominee. And he needs their financial backing to win a potential war of attrition.

Instead, before the debate, major Bush donors were fretting openly to reporters (not just swiping at Bush anonymously) that his campaign was in a potential “death spiral.” Those concerns may grow larger and louder now...