McMahon Self-Finances to Over $40 Million
We like to pretend that pretty much anyone could run for office, could eventually get elected as Mayor, to Congress, or even to President. But the fact of the matter is, the rich will always have an advantage, because in lieu of doing the groundwork necessary to build up a donor base for a campaign, they can always turn to their own personal finances, and outspend (which means outshouting) their rivals.
No race makes this more clear than the Connecticut race where Republican Linda McMahon, the wealthy WWE former executive, has now dropped over $40 million into trying to win Chris Dodd’s senate seat.
Connecticut Republican Linda McMahon has given her campaign $41.5 million dollars this cycle in her quest for a United States Senate seat.
McMahon, the former wrestling executive, has said she would spend as much as $50 million of her own money in her run for Sen. Chris Dodd’s Senate seat. She gave her campaign $20 million from July 22 to Sept. 30, according to a Federal Election Commission report released by the campaign, and she has spent about $39.5 million, according to that report.
According to the Hill, McMahon has managed to actually raise less than $60,000 from actual donors to the campaign, meaning her race is almost entirely self-financed. She’s also spent all but $2.5 million of her campaign funds.
McMahon is still trailing her rival, Democratic Attorney General Richard Blumenthal by 5 to 9 points, depending on which poll you look at, proving that money alone can’t totally win a race. Still, it’s a disturbing trend for democracy when just being that rich can get you so close to winning an election.