BIOL 206 Lecture Notes - Lecture 17: Federal Election Commission, Political Action Committee, Watergate Scandal
7 May 2016
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Where does the money come from: hard money: subject to regulations by fec. Self financing: because incumbents have an unlimited potential supply of 2467$, most do not self finance their own campaigns, typically, only challengers are willing to spend their own 2467$ They know that as an incumbent they can raise as much 2467$ as they need to: self financed candidates typically don"t do well. Steve forbes: 1996 & 2000 republican presidential bid . 7m & Ross perot: 1992 & 1996 presidential bid m & m: loaning your own campaign early 2467$ generates name recognition and momentum- seed money, but completely self-financed candidates lack grass-roots support. In the house, winner spends twice as much as loser. In senate, winner spends 1. 5x as much as loser. In 2012, the candidate who spent the most, won. Generally incumbents have a huge spending advantage over challengers. The ability to win attracts money, rather than money attracting votes.
