3 ms·
I actually worked on a congressional race last year (in addition to other races) and not only is money important, but I'd dare say that it's more important than
by michaelpinto 11y ago
I actually worked on a congressional race last year (in addition to other races) and not only is money important, but I'd dare say that it's more important than ever before. Even in a small congressional race you'll first be judged by the party and other supporters on how much money you're raising. So if you can only raise say a mere $50k you won't be taken seriously. And the person you're running against may have a million or more in the bank.
What does that money buy? Well first there are media buys, and it doesn't matter of it's broadcast TV or Facebook ads — that all costs money to just get some name recognition. And then old school tools like direct mail also cost quite a bit. Even polling costs money, so you'll spend a chunk of money just to figure out if you should even run. And then feet on the ground, or get out the vote costs money too. You want someone to ring doorbells or make calls? That costs money.
So a normal middle class person can't run for a federal office unless they are well connected. But connections come with a price. That price may not be legislation that has anything to do with Wall Street, but that price can be local pork or maybe a bill that's in the interest of the public that never comes up for a vote.
By the way car makers spend a ton of money in Washington. the Detroit bailout was all about that, but they do a great deal of work on smaller issues like emissions standards and the like. And if you look at the walls that an Uber is running into across the world it's hard to go up against existing interests.