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Posts Tagged ‘US Presidential election expense’

US election: How can it cost $6bn?

Posted by Ram Kumar Shrestha on November 7, 2012

By Cordelia Hebblethwaite

 The estimated price tag for the US elections in November is almost $6bn (£3.8bn). Why so much?

“The sky is the limit here,” says Michael Toner, former chair of the US Federal Election Commission.

“I don’t think you can spend too much.”

In a time of general belt-tightening, it may sound like a surprising argument, but Toner believes there should be more – not less – spending on US elections.

Anything that engages voters, and makes them more likely to turn out is, he says, a good thing.

“It’s very healthy in terms of American politics… it’s a symptom of a very vigorous election season, there’s a lot at stake here.”

On 6 November, Mitt Romney, the presumptive Republican nominee, is set to challenge Barack Obama for the presidency, and polls suggest the margin between them could be wafer thin.

New figures just released by the Center for Responsive Politics, an independent research group which tracks money in politics, estimate the total cost of November’s elections (for the presidency, House of Representatives and Senate) will come in at $5.8bn (£3.7bn) – more than the entire annual GDP of Malawi, and up 7% on 2008.

Continue reading the main story

Squaring up the figures

Mitt Romney (l) and Barack Obama (r)

Projected spending estimates for 2012 US elections:

  • Total cost – $5.8bn (£3.7bn)
  • Presidential election – $2.5bn (£1.6bn)
  • Super Pacs and other outside groups – at least$750m (£480m) Read the rest of this entry »

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