Thursday, November 11, 2010

Wealthy, self-funded candidates found wins elusive

The following of Yahoo.com:

LOS ANGELES (AP) -- Dipping into personal fortunes to self-finance a campaign this election season turned out to be a losing investment for several candidates trying to break into political office.

Former eBay Inc. chief executive Meg Whitman took the biggest gamble, spending $142 million in her losing effort to become California's next governor, a figure that covers the general election and her GOP primary race.
 
In Connecticut, former World Wrestling Entertainment (WWE) Inc. executive Linda McMahon is expected to have spent at least $50 million in a losing U.S. Senate bid. And in New York, millionaire developer Carl Paladino was expected to spend about $10 million in a losing governor's race against Democrat Andrew Cuomo.

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