Best 2010 Election Results News
Here’s the best news to come out of the 2010 elections: Fewer than one in five self-funded candidates won their elections.
The data comes from Bradley S. O’Leary of The PM Group, and is reported in the manuscript, “2010 Elections: From Tide to Tsunami,” prepared for the 43rd Annual World Conference of the International Association of Political Consultants on Nov. 9., 2010. I saw him present it at the American Association of Political Consultants Academic Outreach Conference at the University of Akron, on Nov. 19. In a nutshell:
- 58 federal level candidates spent $1/2 million or more of their own cash on their campaigns. Only 11, or fewer than one in five, won.
- 32 federal level candidates spent at least $1 million of their own money. Only 4, or one in five, won.
- 8 federal level candidates spent more than $3 1/2 million of their own money. Only 1 of them won.
I have great concern about the increase in self-funded candidates, and loathe the faux-populist tactic of refusing to accept a paycheck (Michigan’s governor elect, Rick Snyder, is currently considering this “honorable” maneuver). There’s no surer way to permanently implant a true aristocracy than to elect only those wealthy enough to fund their own campaigns. Regardless of party, it’s good to see the majority of these folks go down to inglorious defeat.