After a spending spree in the Texas Senate race, Democrat Robert Francis “Beto” O’Rourke lost to incumbent Republican Sen. Ted Cruz (R-Texas).
Democrats dropped a cool $80 million on the O’Rourke campaign – some to fund the migrant caravan careening towards the Southern border – only to see him lose, as expected, in historically red Texas.
Cruz won 51.3 percent of the vote, while O’Rourke won 48.1 percent.
Democrats spend a record $22.5 billion on the 2018 midterm election cycle.
Big League Politics reported:
The Democrats have dropped a record-breaking amount of cash on the midterm elections, according to an OpenSecrets report.
“While Republican candidates are raising funds at record levels, the huge uptick in spending is driven primarily by unprecedented Democratic fundraising,” the report said. “Democratic candidates are projected to spend more than $2.5 billion this cycle, while Republicans are expected to spend approximately $2.2 billion.”
In total, the Center for Responsive Politics predicts that more than $5.2 billion will be spent this election cycle. That will make 2018 the most expensive midterm in history – by a huge margin.
The previous record for midterm spending, adjusted for inflation, was $4.2 billion.
“The overall estimated cost of the 2018 election would represent a 35 percent increase over the 2014 cycle in nominal dollars, the largest increase in at least two decades,” the report said.
At the time of this publication, Republicans are poised to keep control of the U.S. Senate, and potentially gain seats.
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