Here’s an interesting MSNBC News story on the limp record of millionaire candidates.
“the record of candidates who have poured $5 million or more of their own money into a race might be seen as “pathetic,” argues Jennifer Steen, an expert on self-funding candidates at Boston College.
Their election rate is only 37.5%, compared with 63.9% for candidates who raised at least $5 million for their campaigns, according to Steen’s analysis of elections from 1984 to 2004.”
Minnesota’s retiring millionaire Senator, Mark Dayton, succeeded in defeating Rod Grams six years ago. Doesn’t say much for Grams.
