Recent Senate primaries have revealed some interesting trends about campaign ad spending. As we have seen in Florida, Minnesota, Michigan and Texas, there are signs that millions being spent on campaign ads may be reaching their limits.

The chart shows ad spending by or on behalf of each candidate.

Florida: Socialist Angie Nixon was outspent by Alexander Vindman 37:1, with Nixon winning by 12.

Minnesota: Progressive candidate Peggy Flanagan was outspent by establishment candidate Angie Craig by 4:1, with Flanagan winning by 20.

Michigan: Abdul El-Sayed was outspent by 10:1 by Haley Stevens, narrowly defeating Stevens by 1.

Texas: On the Republican side, Ken Paxton was outspent 7:1 by Cornyn, with Paxton winning by 28.

The 2024 Harris campaign is the epitome of spending money with little to show for it. The Harris campaign raised over a billion dollars yet she went into the election with a negative brand image and lost to Trump who had a negative brand image. Even with a billion dollars, the Harris campaign could not turn around her negative brand image. Coming out of the 2024 loss, here is what the revised version of the DNC autopsy concluded: Democrats do not have a money problem. It’s a strategy problem. The same could be said about many Republican campaigns.

For more on our take about money in campaigns, see our latest podcast episode Washington’s Fundraising Frenzy: Are Voters Fed Up With The Status Quo?