January 26, 2005"Look Who’s Not Coming to Washington: Qualified Candidates Shut Out by Big Money"U.S. PIRG has issued this report. From the executive summary:
Money was as important to candidates in the most recent congressional elections as it has ever been. Our analysis of Federal Election Commission (FEC) campaign finance data for the 2004 election cycle reveals the following: - Ninety-one (91) percent of 2004 congressional primary candidates who raised the most money won their races. - Sixty-five (65) percent of all congressional primary elections were uncontested. Anecdotal evidence suggests the role of money in campaigns plays a significant part in discouraging candidates from running. - Sixty-three (63) percent of 2004 congressional primary candidates’ individual donations came in contributions of at least $1,000—from just 0.08 percent of the voting-age population. Moreover, according to the Federal Election Commission, campaign fundraising continues to increase at a rate greater than inflation. Winning congressional candidates raised nearly 50 percent more in the 2004 cycle than in a comparable period during the 2002 cycle. In order to put a human face on this data, we surveyed federal candidates who dropped out of races, lost primaries, or lost general elections. The candidates profiled in this report cite money as a primary reason why they lost or pulled out of their races entirely. Many of the unsuccessful candidates profiled are at least as credible and qualified as the eventual winners. What they lack is something altogether different—personal wealth, access to networks of wealthy donors, or policy positions that appeal to large contributors. Posted by Rick Hasen at January 26, 2005 09:05 AM |