What do the numbers really tell us? These two stats jumped out at us from a post-analysis done by the Center for Responsive Politics:
– 94 percent of biggest spenders in House races won, up slightly from 2012
– 82 percent of biggest spenders in Senate races won, up from 76 percent in 2012
From Washington Post
91% of the time the better-financed candidate wins. Don’t act surprised.
The chart analyzes 467 congressional races held in 2012. Its findings:
* Candidates who out-fundraised their opponents were nine times more likely to win elections in 2012.
* Winning congressional candidates outspent their opponents by about 20 to 1.
* Winning candidates on average spent $2.3 million. Losing candidates, on average, spent $1.1 million.
A strong policy response is necessary to guard against risks of a further, sharper loss of economic momentum. Weak incoming data, lingering trade tensions, and preventing both financial conditions from tightening and a non-linear adverse impact on growth are key reasons for a front-loaded adjustment.
Chetan Ahya
MS CHIEF ECONOMIST AND GLOBAL HEAD OF ECONOMICS
From Ray Dalio book Principals. I haven't read that massive volume. But some slides are so true.
This one reminds me of Europe
Let's pretend