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View Diary: SCOTUS Overturns Millionaire's Amendment (171 comments)

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  •  This is not really as important (0+ / 0-)

    as it might appear.

    OK, I agree it's a bad ruling.

    But spending tons of money doesn't win office.  I'll try to dig this up a bit later, but I remember studies showing that what's important is not spending the most, but spending at least a certain minimum.  I think this was in a book on congressional elections.  It also found that the amount the incumbent spent was much less important than the amount the challenger spent, and what was most important there was that it was over a certain amount.

    Another thing to remember is that some of the richest people in Congress and politics more generally are fairly far to the left --- Corzine is, I think, the richest person in either chamber, and one of the most liberal.  

    •  That's right (2+ / 0-)
      Recommended by:
      Adam B, plf515

      As I said downthread, this myth of self-financed multi-millionaires buying their way into office is just that -- a myth.  The overwhelming majority -- more than 90% -- of such candidates fail.  Why should we curtain free speech rights to tackle a problem that doesn't even exist?

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