Truthdig - Ear to the Ground - $1 Billion and Counting

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$1 Billion and Counting

Flickr / Tracy O

We’re barely into the general election campaign and already more than $1 billion has been raised by the various candidates. That tally includes now-defunct campaigns and personal loans. Still, that’s more money than has ever been raised for an election, and we’ve got about five months to go.

Huffington Post:

A milestone in the intersection of money and politics was reached last month: more than $1 billion has been donated to candidates running for the White House.

The total, first reported by the Center for Responsive Politics, includes money that some candidates (Hillary Clinton, Mitt Romney) gave to their own campaign. Nevertheless, added up, the $1,001,204,469 in cash offered to the presidential aspirants represents a historic amount of loot. In 2004, the total amount given topped out at $884 million. In 2000, it was $528 million.

But just how significant is the current haul? While the total represents more money than the GDP of at least 23 countries, it is a pittance compared to the amount spent by companies like, say, McDonald’s on corporate advertising.

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By PatrickHenry, June 25, 2008 at 5:49 pm #

Ron Paul raised more than McCain in the primaries, I guess the media didn’t want it.

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By samosamo, June 25, 2008 at 2:27 pm #

Truly the root of all evil has conquered. We don’t elect people to office anymore, the one that accummilates the most money ia appointed. The threat to the security of this country in less important than the accummilation of money; the threat to the security of this country is less important than allowing lobbyists to bribe our easily bribed elected persons; the threat to the security of this country is less important than the as a real watchdog of the government of this republic; the threat to this country is enhanced by the non-education of the masses.
So what are the chances?

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By Conservative Yankee, June 25, 2008 at 7:42 am #
(Unregistered commenter)

Governor Rick Perry said it best last night on Situation room…

“We want Barak Obama to come to Texas and spend lots of money”

This money is spent and people are employed, Only a socialist could hate this system.

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By jackpine savage, June 25, 2008 at 6:20 am #

It’s called throwing good money after bad.

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