Worst campaign in American history? The LA Times sees the big picture:
Giuliani’s $50-million delegate
The failed campaign of Rudolph W. Giuliani can claim one distinction: the worst bang for the buck of any delegate winner in presidential politics history.
The former New York mayor, who dropped his Republican bid for the presidency this week, disclosed Thursday in a filing with the Federal Election Commission that he raised $58.5 million and spent $48.8 million in 2007.
With his donors’ money, Giuliani captured a single national delegate, in Nevada. At that rate, it would have taken close to $60 billion in spending to capture the 1,191 delegates needed to win the nomination.
And that’s just Giuliani. The total raised last year by all the candidates combined was close to $600 million. If this 2008 race isn’t the most compelling case ever for campaign finance reform, I don’t know what is.