Early in the Republican primary race to see who would challenge Bill Clinton in 1996, then-Texas Senator Phil Gramm said, “The only primary that counts is the money primary and I’ve already won it.” Mr. Gramm raised and spent an impressive $20 million, but he was nonetheless out of the race before New Hampshire citizens […]
The Money Primary
Early in the Republican primary race to see who would challenge Bill Clinton in 1996, then-Texas Senator Phil Gramm said, “The only primary that counts is the money primary and I’ve already won it.” Mr. Gramm raised and spent an impressive $20 million, but he was nonetheless out of the race before New Hampshire citizens […]