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Election a costly lesson for super-rich candidates; Corzine, Bloomberg got mixed results.

Publication: The Washington Times (Washington, DC)
Publication Date: 05-NOV-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Election a costly lesson for super-rich candidates; Corzine, Bloomberg got mixed results.(NATION)

Article Excerpt
Byline: S.A. Miller, THE WASHINGTON TIMES

It was a bad year for billionaires - at the polls, at least.

Candidates with deep pockets took it on the chin Tuesday, with Wall Street tycoon Gov. Jon Corzine getting clobbered in New Jersey and media mogul Mayor Michael R. Bloomberg eking out a surprisingly thin win in New York City.

Money remains the lifeblood of campaigning and a healthy bank account provides a good start for any candidate, but with high unemployment and economic uncertainty this year weighing on the electorate, voters appeared ready to punish the rich.

Mr. Corzine, who made a vast fortune as a Goldman Sachs executive before spending his way into the U.S. Senate and...

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