RaiseTheVote: Big Money Failed to Save House Majority Leader Eric Cantor
Challenger Dave Brat's $200K shoestring budget enough to defeat incumbent Cantor's $5.5M by 11-points.
Other than small donations driven by conservative talk-radio hosts, Brat received little support nationally. Brat will face Democratic nominee Jack Grammell in November. Eric Cantor is the second incumbent - and the highest-ranking Republican - to lose a primary election to a Tea Party challenger this cycle. In the run up to the primary, internal polling had shown Cantor with a commanding lead. Politico is reporting that...
"The darling of big Wall Street donors, the K Street business types and the Republican establishment went down in flames Tuesday, all the while crushing his no-name opponent with a 26-to-1 cash advantage in the money race."
"Cantor never lacked for cash, with a donor roll that read like a who’s who of Beltway power players. Once seen as a top contender for House speaker, he had the support of 377 political action committees representing almost every major corporate and special interest from all sectors of the economy, including airlines, telecom, energy, food, and manufacturing groups."
"The Brat campaign had just two paid staffers, according to its last campaign finance report. Cantor, meanwhile, had 23 paid staff in the same time period, as well as several consulting firms. Brat spent $75,000 in April and May. Cantor spent just over $1 million."
"But in the age of outside money, he (Cantor) could be even more useful after he leaves Congress" as fundraiser on the outside in control of a super PAC.
Read the full article by Brian Tau and Tarini Parti on Politico
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