Flawed Yahoo Finance Study 'Proves' Money Doesn't Buy US Elections | WHAT REALLY HAPPENED

Flawed Yahoo Finance Study 'Proves' Money Doesn't Buy US Elections

Yahoo looked at the top 10 individual donors to campaigns and Super PACs, as well as the top 10 biggest Super PACs, and checked to see how often the candidates the donors and Super PACs supported won. Yahoo found that that big money's candidates did not win every time.

However, Yahoo fell victim to the "streetlight effect," drawing conclusions just from what is easy to measure, rather than everything about reality, says Jon Schwarz, of the Intercept.

According to Schwarz, the top four flaws from the study are:

Yahoo does not know who the top individual donors were and how much they gave – because nobody does.

Yahoo lists billionaire Charles Koch, of Koch Industries, as its No. 10 donor for the 2012 and 2014 elections, giving only $5 million.

However, as Schwarz points out, Yahoo did not include donations to "dark money" political organizations, which go to great lengths to conceal the identity of their contributors.