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Money is a Pretty Good Predictor of Who Will Win

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Morning Line: “We already know that the $4 billion spent on this midterm election was more than any other midterm in history. It was the most on congressional elections ever, including during a presidential year. 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

What that means is, as one of us noted on NewsHour Monday night money, more specifically who spends the most, is about as good a predictor that there is of who will win a race. Those numbers, by the way, are pretty close to the incumbent reelection rates.”

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goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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