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Are our elections for sale? Americans have long asked this question in the face of skyrocketing campaign spending by candidates and parties. Then, in the 1990s, came a wave of wealthy individuals whose deep pockets seemed to be buying political offices across the country. Our worst suspicions were confirmed. Or were they? What effect do self-financers really have on electoral outcomes? Jennifer Steen's authoritative empirical study of self-financed candidates is a landmark in American politics. Steen thoroughly dispels the notion that self-funded candidates can buy legislative seats, proving that the vast majority of self-financers do not win their elections. Her book gives us a truer understanding of self-financers' actual influence on campaign competition and rhetoric. Jennifer A. Steen is Assistant Professor of Political Science at Boston College and a former political consultant. She is one of the nation's leading authorities on self-financed candidates.
An illuminating perspective on the polarizing effects of campaign finance reform
These groundbreaking studies, rich with data, include chapters on political parties, '527' committees and interest groups, television ads, the 'ground war, ' Congressional politics, and presidential campaigns. A must-read for its insightful and nuanced assessments of the effects of reform
The increasing number of candidates relying on their personal wealth and corporate experience in their bids for elected office raises the question: how do voters perceive these non-traditional candidates and their willingness to spend their personal money in order to win elected office? Using both an experimental design and data from the 2009-2010 election cycles, I test for the effects of self-financing one's political campaign on voter support for the candidates and their vote share in the general election, respectively. I find that partisans' evaluations of candidates decrease when alerted to their self-financing. Independents evaluate self-financing candidates more positively than traditional candidates. In addition, self-financing one's campaign had a negative effect on candidates in the 2010 general elections for the U.S. House of Representatives independent of their spending levels.