Why U.S. billionaires may not be able to buy the 2016 election

by Emily Flitter,  Reuters

Florida Senator Marco Rubio has one; Texas Senator Ted Cruz has one; even former Pennsylvania Senator Rick Santorum, considered a longshot for the Republican presidential nomination in 2016, has a billionaire in his corner. Wisconsin Governor Scott Walker has two.

Campaign finance watchdog groups fear heavy spending by these ultra-rich Americans will warp the election – already expected to be the most money-soaked in history. The idea that billionaires can buy elections has taken root in the public imagination.

Those billionaires are now seeing small, early signs of a pushback. Whether these are the beginning of a new trend is far too soon to say, but polls show there is wider discontent about the perceived influence of big money in U.S. politics and a growing gulf between the country’s very rich and very poor.  Read the entire story.

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