Mendte: Follow The Election Money
NEW YORK, NY. (KPLR) – All that hand shaking and picture taking may not make a difference at the polls. Larry Mendte adds his two cents on how money can make a break a campaign.
The answer to every mystery is money. So you don`t need to look into a crystal ball to figure out who will win the presidential election. All you have to do is follow the money.
The candidate who has raised the most money has won every presidential election over the last 30 years.
Except this guy, when Bill Clinton ran for re-election, Bob Dole out raised him; but it was close with Dole raising $134.7 million and Clinton raising $116.8 million. The election wasn`t close Clinton won by a landslide and nowadays that money is chicken feed.
Let`s take a look at the last election when senator Barack Obama beat senator John McCain in a landslide. Obama raised $750 million dollars, a campaign recor, McCain $322 million.
And this election; well both campaigns might raise over a billion dollars- and another billion will be raised by outside groups through super pacs.
I know it is insane.
And it`s not just for president, 88% of senate races and an unbelievable 97% of house races are won by the candidate who raises the most money.
So does that mean money buys elections, well yes and no? There are other factors, the biggest one being money usually goes to the candidate who is expected to win anyway.
But if you want to predict a winner; pick the candidate with the most cash and you`ll be right 9 out of 10 times.
So who is leading in the money raised between these two?
So far Romney has raised $186 million and Obama $124 million.
But the big money hasn`t come in yet, when it does you`ll have a good idea of who is going to win.
The bigger question is what do the big contributors get for that money?