Boy, I really draw a different conclusion about Tuesday’s elections than the wisdom that’s emerging from the media. I think it underscores what Trump’s election in 2016 proved. There is a cadre of people who are extremely dissatisfied with politics as it was. And you can’t win an election simply by throwing money at it.
Yes, money continues to matter in electoral politics. But how much does it matter? Beto O’Rourke raised and spent nearly twice as much as incumbent Ted Cruz and was defeated nonetheless. On the other hand in Florida Rick Scott raised and spent about twice as much as Bill Nelson, the incumbent whom he defeated. In Missouri incumbent Claire McCAskill raised and spent more than three times as much as her challenger, Josh Hawley, and went down to defeat.