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Reply #2: "beyond showing that unbridled corporate spending could not buy an election" [View All]

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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-10-12 01:28 AM
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2. "beyond showing that unbridled corporate spending could not buy an election"
How does Stiglitz figure this? He gives no analysis so we don't know.

However, he just seems to assume that a Republican's losing an election automatically means that money does not buy elections.

This is 1970's political thinking, which does not work in 2012.

In 2008, McCain ran under McCain Feingold, while Obama spent $.75 billion, much more than McCain. Obama won.

Granted, Bush had soured people on Republicans; change was perceived as necessary; Obama was likeable, McCain picked Palin, etc.

But, Obama was also inexperienced, young, the first African American to get the nomination of one of the major parties, McCain was a war hero, etc. So, no one can say that Obama's spending did not make a difference in 2008. For one thing, great campaign advisors--which he had--cost money.

This time, both major Party candidates spent a billion on their fucking campaigns.

If one candidate had spent $5 million in 2012 and the other had spent $1 billion, which candidate do you think would have won?

Maybe spending does not guarantee you an election win, but just try running without money.

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