The American Prospect, December 17th, 2001
WHAT ARE CAMPAIGN finance reformers to make of the fact that Republican billionaire Michael Bloomberg was elected mayor of New York last month? Bloomberg's success has reignited the issue of money in politics and underscored the power of constitutionally protected, wealthy, self-financed candidates. His personal spending of nearly $70 million and Virginia Governor-elect Mark Warner's generous self-subsidy of his own campaign followed on the heels of the more than $60 million in personal money New Jersey Senator Jon Corzine spent in 2000 and the elections of millionaires Maria Cantwell and Ma...
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