Tuesday, June 17, 2014

Money Isn't Everything (Congressional House Race Edition)

Last week, David Brat defeated the House Majority Leader in a primary. And Brat only had just about $200,000 and two paid staffers to do it. I was absolutely shocked the primary turned out this way.

While there is some good academic research showing that neither incumbent wealth nor incumbent spending have large effects on electoral outcomes, and large war chests do not deter quality candidates from competing, it's nice to have a vivid, recent example showing that money isn't everything.

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