The High Cost of Hope

Was it his charisma? His rhetorical gifts? His policy ideas? There’s a more cynical and perhaps realistic explanation for Barack Obama’s historic electoral victory over John McCain: When all was said and done, the Democrat had about $400 million more to spend than his rival.

ABC News / Political Punch:

From October 16 until November 24 (the Federal Election Commission filing period) the Obama campaign reports raising $104,124,845 from 1,124,238 contributors, in an FEC report filed this evening.

That means President-elect Obama’s campaign raised roughly $745 million for his 2008 presidential campaign.

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