It is more than getting their guy/gal to win. Wall Street often donates substantially to both candidates in a presidential election.
They would not do so if it was worthless to do it. Clearly they do it because there is a quid pro quo at work. They dance around it because it is not explicit.
Edit: There is also the case that if you cannot drum up substantial monetary support you cannot even begin to compete. Does your study consider the people who never tried to run because they had nowhere near sufficient financial support?
We-ell, I’m not sure you can make this statement considering the state of politics in this country. Seems like lots of people do incredibly stupid and worthless things all the time and get nothing for it.
For example, look at the donors to most of the 2012 Republican clown car.
As I said, there is a point PAST which you get greatly diminished returns. You definitely need to get TO that point in order to have a chance. But that point is not that high.
That is why when I hear that Hillary is going to spend $2B on the campaign, that doesn’t bother me. I mean, it’s great economic boon to advertising companies, TV/cable stations and other media, but in terms of helping her electorally, I am sure $1B would do just as much.
I mean come on - Meg Whitman outspent Jerry Brown by $100M to $3M or so. Didn’t help her a bit. If she spent $20M the results would have been almost exactly the same.
Clown car though it may be they will get 40% or more of the vote just for showing up.
The money people are not in the habit of squandering money. They do it because they get a great return.
Look at the numbers. $3.24 billion was spent on lobbying in 2014 (do the math on that…consider how much that is per congresscritter). Do you really think that money was squandered by idiots with no clue or do you think it was an investment that paid off for the people spending the money?
That doesn’t prove anything. In fact, it is not even an indication of anything. Correlation does not equal causation. Better/more electable candidates may have much easier time fund-raising. Incumbents may have much easier time fund-raising. Etc.
Levitt’s study actually tried to find causation. And did find it - but the effect or the money was very marginal.
Everyone who consumes strychnine don’t die either but many do.
But hey, correlation does not equal causation so why not eat some strychnine right? :smack:
Leavitt’s study does not trump reality which is politicians spend an extraordinary amount of their time trying to raise money and the effect that money has on our politics. Nor does it answer the fact that the politicians who spend the most win the most.
Just one note before we end this hijack. You do realize, don’t you, that CU left in tact the amount of money that can be contributed to campaigns. You do realize that the issue under review was whether the state could limit the release of a certain movie because it was about a candidate. CU says that the state cannot limit the amount of money people spend on advocating for causes. And no: “it’s self evident” isn’t an argument that is going to stand up in court. Let me quote from the wikidpedia article, which dispels many of the myths surrounding the decision:
An argument that would make sense is if there were only X amount of speech available and it was possible for a minority to acquire rights to 80% of X (or some large amount of X).
OK, now how about those Same Sex Marriages? I doubt that any of the folks here arguing against CU would mind if every corporation in the US put out an add in favor of SSM.