The Trouble with Billionaire Money in Politics
•February 26, 2020•
By Jim Nowlan
NP Guest Columnist
The rise of billionaires running for office is dampening the democratic impulse, that is, they threaten to take “by the people” out of government. The threat from those who swirl big money around in campaigns drives others to the sidelines of democracy, unwilling to waste their time in a contest where they fear being overwhelmed by billionaire money.
Some context, followed by a few observations:
The four resources critical to all political campaigns are money, people, skill and time. Money has always been necessary to communicate candidate credibility, issue positions, and stimulate voters to the polls. People extend the candidate by spreading his or her message and providing the campaign management skill. Time is undervalued as a resource, as late-starting Michael Bloomberg is finding on the presidential campaign trail.
Until recent decades, political party organizations at the local, state and national levels have been indispensable in helping party-endorsed candidates campaign at both primary and general elections. Party foot-soldiers helped spread the word, and party treasuries provided some or all of the money needed.
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