Commonwealth Policy Center

Joe Biden was the big winner in the Democratic primary on Super Tuesday. Interestingly, he did it with little money compared to his rivals. Tom Steyer, a hedge-fund billionaire, spent $253 million in the Democratic primaries first three contests and failed to win a single delegate! Of all the votes he won, it amounted to $3,373 per vote. Michael Bloomberg spent $500 million and only netted eight delegates. This amounted to $53 million per delegate! Contrary to popular belief, money can’t buy an election. It takes a vibrant candidate with a good message. Of course, both candidates had the freedom to spend their wealth to promote their messages. But voters rejected it. Nonetheless, the media outlets were more than happy to take their cash.