Auction 2012: Top 10 Reasons to Get Money Out
Posted: 1/9/12 08:34 AM ET
Tomorrow night, we’ll see returns from the New Hampshire primary, the second contest in the Republican Presidential nomination. Most people think of this as an election, where voters go to the polls and select their preferred candidate. But I believe, and an increasing number of viewers believe, that our political system has become an auction in which the highest bidder wins.
If something about this election feels wrong to you, you’re not alone. Here are ten facts about the political process that show why we need to end the auction by getting money out of politics. (Want to learn even more? I go in depth in my new book Greedy Bastards).
#1) The Candidate With More Money Wins: From the 2008 elections: “In 93 percent of House of Representatives races and 94 percent of Senate races that had been decided by mid-day Nov. 5, 2008 the candidate who spent the most money ended up winning.”