Alex Thompson writing in POLITICO:
‘Elizabeth Warren’s campaign brass realized they had bungled her budget at the worst possible time.
Several weeks before the Iowa and New Hampshire elections, they discovered their fundraising projections for the fourth quarter of 2019 were far too rosy.
Strapped for cash, the campaign didn’t have enough money to run the TV and digital ads they had originally planned for early contests as they tried to stay afloat in Iowa. Even then, they were forced to obtain a $3 million line of credit at the end of January.
The crunch was exacerbated by the disaster of the Iowa caucuses, which dominated headlines and deprived Warren and the other top three campaigns of bragging rights and a potential fundraising boost.
That was just one of several mistakes campaign officials are grappling with now as they contemplate how Warren’s once-surging campaign ended without placing above third in any of the first 18 contests. The campaign’s collapse has led to finger-pointing and self-doubt among Warren staffers and outside allies, who believe that even with the headwinds of sexism and electability she faced, the nomination was within reach.
“They chose … Bailey over ‘blood and teeth,’” said one staffer, referring to Warren’s golden retriever that the campaign made into an omnipresent prop to soften her image. “Unforgivable.” “Blood and teeth” refers to a famous Warren quote from the legislative fight over the Consumer Financial Protection Bureau, which transformed Warren from a respected Harvard academic into a national progressive star. “My first choice is a strong consumer agency,” Warren said then. “My second choice is no agency at all and plenty of blood and teeth left on the floor.”…’