Saturday, November 06, 2004

An interesting statistic:

Of the 22 candidates who spent more than $1 million of their own money trying to win their first election to Congress, only one made it. The sole victor was Michael McCaul, a former federal prosecutor who won as a Republican in a Texas House district once represented by Lyndon B. Johnson. The biggest loser - in terms of money down the drain - was Blair Hull, a securities trader who spent nearly $29 million trying for a Senate seat but lost in the Illinois Democratic primary to Barack Obama.
$29 million for a primary loss? March 16 must have been a rough night for that guy.

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