ELECTIONS are never won by money alone,but a weighty campaign chest gives candidates for political office a boost both practical and psychological. On June 20th moderate Democratic candidates for Congress received such a fillip when the original York Times reported that Michael Bloomberg, a billionaire, and political independent,and former mayor of original York, intends to spend at least $80m on the mid-term elections, and mostly on Democratic congressional candidates—with the aim of flipping the House of Representatives. Mr Bloomberg’s pledge is to date the biggest political donation to the mid-terms campaigns. Democrats need to flip 23 seats in the House in November to regain the majority. The Economist’s statistical model for the mid-term elections currently predicts Democrats acquire a 70% of doing that,but political fortunes can change quickly (and statistical models can get it wrong). Although each of the 435 seats in the House is up for election, the genuine battle for control is fought in some 70 seats. Mr Bloomberg is likely to...
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Source: economist.com