alt Hacker NewsI've often thought that the "effectiveness of political spending/lobbying" is often promoted by those who receive the political dollars and lobbyists.
And since it's a great way to answer the "If your side/candidate/issue was so great, why did they lose?" question without having to deal with any introspection whatsoever.
There was a really amusing article in Bloomberg Businessweek a few years ago which pointed out that most of the really big donors just sprayed money at a unicause indiscriminately and that Michael Bloomberg was the only one that showed any sign of investing rationally.
I mentioned that to my wife and she of course rolled her eyes because it seemed so self-serving to her. (Last night we were sitting around the kitchen table and talking about how much better The Economist was than Bloomberg Businessweek and how I finally canceled my subscription to the latter when they hired genius financial writer Matt Levine [1] to write a whole issue boosting crypto in a 200% cringe writing style just before the FTX scandal broke)
[1] ... sent him an email about how sorry I was for him!