“It's an increase from the White House's initial $200 million estimate, which they said would come from private donors.
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“The ballroom is expected to cost around $600 million — with about half of that coming from taxpayer dollars, The Washington Post reported.
“And what we show is that rich candidates are more likely to raise early money. In particular, they’re more likely to raise large-dollar donations, which then have a greater return in subsequent quarters.
“However, many, many candidates supplement with their own money. Something like 40 percent of non-incumbent general election winners self-fund at least $10,000. I think people don’t really understand the prevalence of self-funding a
“the scholarships are funded entirely through private donations rather than institutional funds and maintained that all applicants are "evaluated equally based on merit,"
“Unbeknownst to donors, some of their donated money was being used to fund the leaders and organizers of racist groups, including the Ku Klux Klan, the Aryan Nation and the National Alliance
“The average for non-incumbent successful candidates in open seat primaries is about three to $400,000 in the first quarter. And if you look at incumbents who lost or struggled, well, their challengers for the most part, are not, you know, broke jokes. They’re raising $200,000 to $300,000 in their first quarter, which resembles what quote unquote “open seat candidates” are raising too in many districts. Maybe not your super wealthy districts like in New York or in California, but in many districts, $300,000 in your first quarter is a really good showing. So I would say money is money, and early money in particular is a prerequisite.
“it was only a question of how much the government was obligated to give
“And that’s not going to mean that if you raise a lot of money, you definitely will win. That’s never been the case and that’s still not the case. But it does matter for you, it matters for who is seen to be seriously in the mix, who is perceived to be relevant. And in this cycle, just like in most cycles, virtually all contenders who are either successful or are seen as successful show support through early fundraising.