Personal campaign spending has become a true scandal more than ever this year, and there seems to be no limit on it, with the California Governorship race particularly insane! š
Meg Whitman, the GOP candidate and former EBAY Chief Executive, a billionaire, has spent nearly $100 million in her campaign against Democrat Jerry Brown, the former Governor from 1975-1983, with $91 million of the funds her own money!
Brown, meanwhile, has spent only $450,000, although with donated services, it reaches about three quarters of a million dollars! He has raised $2.6 million for the future campaign!
When one realizes that Brown has been outspent and out fund raised by about 33 times, it is amazing that Brown leads the race in polls by a few points, but it is also a great step to see that wealthy billionaires and multimillionaires do not automatically come out ahead after reckless spending!
The same situation relates to Hewlett Packard multimillionaire Carly Fiorina, running against California Senator Barbara Boxer; Florida gubernatorial candidate Rick Scott, a health executive multimillionaire running against Attorney General Bill McCollum; and Florida Senate candidate Jeff Greene, a stock market billionaire, running against Congressman Kendrick Meek–all of whom are spending obscene amounts of personal fortune, but without any certainty of success!
The best scenario would be for Whitman, Fiorina, and Scott (all Republicans); and Greene (a Democrat) to spend a good part of their fortunes and lose! But even if that does happen, they will still be obscenely wealthy, arrogant and cocky, as they consider themselves a privileged class who are only interested in their own aggrandizement! š