CANUTE HAD MONEY TOO:

Large campaign war chests don’t mean as much as they used to (Molly K. Hooper, 09/06/10, The Hill)

In less volatile campaign seasons, large cash-on-hand advantages are like a security blanket. But the waves of 2006 and 2008 – and another one expected this November – have proved that money isn’t everything. [...]

Longtime campaigns and elections observer, Brookings Institute Vice-Chairman of Governance Studies Darrell West said “money cannot trump message.”