
GOP Risks an Addiction to Self-Funding Candidates
Democrats have repeatedly crushed “self-funding” Republican candidates at the ballot box, making now a good time to ask why our party appears to go out of its way to run wealthy candidates who fund their own campaigns, and better understand how these candidates fare on Election Day.
It’s been said that the road to political oblivion is lined with the remains of self-funding candidates. President Steve Forbes, Governors Meg Whitman and Al Cheechi can each attest to how their wealth was insufficient to prevent Election Day wipeouts.
Why does our party seem to have such a bias in favor of rich candidates who can fund their own campaigns? I count four major factors at work.
1. Contribution limits discriminate against candidates who must rely on others to fund their campaigns. The Supreme Court has held that candidates have an absolute right to advocate on their own behalf with their own funds, without limits. Meg Whitman could spend $170+ million on her own campaign, but only donate $27,200 to someone else.
2. Consultants like to have their invoices paid on time. The skilled operatives who lend… Read More