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Meg Whitman Breaks Record for Self-Financed Campaign in California Governor’s Race
Loading ...California Republican gubernatorial candidate Meg Whitman has shattered the record for personal spending by any candidate in any American election in history. The former eBay chief executive has donated another $15 million of her own fortune to her campaign treasury, bringing her total so far to $119 million.
That surpasses the $109 million spent by New York City’s Mayor Michael Bloomberg on his reelection campaign in 2009.
Whitman has used much of her money on a torrent of advertising, much of it negative, in her race with former Governor Jerry Brown. Recent polls show the race is tight.
But history shows it may be hard for Whitman. Most candidates who invest their own fortunes in campaigns find that money really doesn’t buy happiness, much less a seat in government.
Just ask Ross Perot, who spent $63.5 million for his 1992 independent presidential campaign. He ended up with just 19 percent of the vote. He spent another $11.5 million in 1996 with an even worse result.
Continue Reading at ABC News.
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