loosecannon
Senior Member
- May 7, 2007
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Money's Impact - WSJ.com
Money can't buy love, anymore......
Money talks, but not always loudly enough.
In the most expensive midterm campaign in American history, a flood of cash from conservative organizations helped Republicans win control of the House. But the pro-Republican groups didn't fare as well in the Senate. Unions spent millions to little avail. And a slew of self-funded billionaires and millionaires fell dramatically, and expensively, short.
Republican Meg Whitman, the former eBay Inc. chief executive, spent $140 million of her own cash in a bid to be California's governor, equivalent to about $45 a vote. She lost by 12 points to Democratic Attorney General Jerry Brown.
"Money can't turn Democrats into Republicans," said Tucker Bounds, a spokesman for Ms. Whitman's campaign.
The 2010 election saw a record $4 billion in spending by candidates and political parties, plus a wave of new spending by outside political entities on the right and left.
Money can't buy love, anymore......