Much has been made of the $4 billion spent in the midterm elections, including $140 million of Meg Whitman’s own money, but spending, as Ms. Whitman found out, does not equal victory. Sharron Angle spent more per voter than any other candidate — about $97 — and still lost.

Washington Post:

Angle’s campaign, which attracted support from across the country, was the most expensive congressional contest nationwide on a per-vote basis, according to a Washington Post [analysis] of campaign finance filings and election results.

By comparison, Reid and interest groups backing him spent $69 for each vote he received.

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