4 ms·
I think money in politics is certainly an issue, but there seems to be an increasing amount of evidence that this its influence seems to be diminishing, not inc
by TangoTrotFox 8y ago
I think money in politics is certainly an issue, but there seems to be an increasing amount of evidence that this its influence seems to be diminishing, not increasing. One party's presidential candidate in 2016 achieved record breaking fund raising, and outspent their opponent by 2:1. In recent midterms one senatorial candidate raised $38 million in one quarter smashing all records and obviously outspending his opponent, also by about 2:1. Both candidates lost. According to WaPo [1] candidates from one party outspent the other party in 75% of 80 of the most competitive contests. But fewer than half of those candidates who outspent their opponent ended up winning their election.
This didn't used to be the case. Money spent used to be one of the most reliable methods of determining who'd win an election. Now voters seem to be voting in ways that are much less predictable.
[1] - https://www.washingtonpost.com/politics/despite-record-spending-2018-midterms-highlighted-limits-of-campaign-cash/2018/11/07/4ded1e34-e12e-11e8-ab2c-b31dcd53ca6b_story.html https://www.washingtonpost.com/politics/despite-record-spend...