How To Buy An Election, Vladimir Putin-Style

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest Thursday, December 8, 2011 How To Buy An Election, Vladimir Putin-Style Catching many people off guard, Russia has suddenly re-emerged as a global, geopolitical hot spot. Vladimir Putin's United Russia performed poorly in recent voting, and that's despite widespread allegations of vote tampering. As such, there has been significant public demonstrations against the election outcome. The below chart comes from the Citi report From Arab Spring to Russian Winter, which describes the vote as a "watershed moment" in post-soviet Russia. The fact that people are demonstrating highlights Putin's loss of grip; what's more, thanks to the mediocre economy, it may be hard for Putin to buy back the votes he needs. You see, there's a decent relationship between areas in Russia that receive a high amount of government money, and those areas where people vote for the United Russia party (Putin's party). The relationship was the same this year as it was in 2007 -- the more money the government spends in an area -- the more support United Russia gets. But the vote totals are down, and it's not clear that Putin can buy back his support. Read » Also On Money Game Today: Chip Giant Texas Instruments Slashes Guidance And Shares Plunge This Entire European Summit In One Genius Venn Diagram 15 Stocks That Tons Of People Are Shorting Right Now Behold The Fibonacci Sequence, The Magical Series Of Numbers That Investors Claim Can Unlock The Market Advertisement CHART OF THE DAY: This Will Be The World's Richest Country In 2050 CHART OF THE DAY: The Russian Market Is Getting Reduced To Rubble Today CHART OF THE DAY: Something Has Really Shifted In Europe This Time Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: ipat39@gmail.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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