Good question: just how much did Jeb! Bush end up spending per vote in the Iowa caucuses? He began his campaign with money to burn, and for months, political cartoons have shown Bush doing just that, shoveling cash into a steam engine. Nate Silver, editor-in-chief of FiveThirtyEight, has a shocking estimate to report, with Bush standing at about 3 percent of the vote in Iowa with half of the votes reported.

Jeb Bush is projecting to win one Iowa caucus vote for every $25,000 spent by Right to Rise. https://t.co/r2tI2Y0rV1 — Nate Silver (@NateSilver538) February 2, 2016

@NateSilver538 money well spent. 🙂 burn that Republican donor money!! — Troy Dashiell (@TDashiell) February 2, 2016

@NateSilver538 He'd do better if he could just pay the voter. Yet another case of government regulation making a market inefficient. — Roger Taylor (@DumbKoans) February 2, 2016

@NateSilver538 So his problem, then, is that he just didn't spend enough! — Michael Leiman (@mleiman1) February 2, 2016

Exactly.

@NateSilver538 @murphymike Hey Right to Rise, if you just go ahead and give me $25K, I'll vote for him too in SC primary! Save the ad buy! — Ron Winkles (@RonWinkles) February 2, 2016

@NateSilver538 @delong Wall Street backed this guy with millions of bucks. And these guys run the country. Go figure. — Jerry Anderson (@MoneyTraderBlog) February 2, 2016

@NateSilver538 Isn't that about how much Bloomberg spent to win his last mayoral election? Jeb! was smart enough to blow other people's $. — Scott Fogleman (@skf727) February 2, 2016

@NateSilver538 That doesn't sound worth it. — takashi yamamoto (@drunkenalpaca) February 2, 2016

@NateSilver538 well it's a good thing his donors have deep pockets then — Spider Av (@kliksf) February 2, 2016

customer acquisition cost from @NateSilver538 — The Panic (@Gunntwitt) February 2, 2016