Friday, December 7, 2012

Please insert one $$$billion to play

The results are in, Obama the winner spent a billion dollars to win the election, and Romney spent a billion to lose.  I think this includes the money spent by the campaigns and the super PACs, with the campaigns "only" spending a hundred million or so and the super PACs going gonzo.  The total cost of all federal elections is estimated at $6 billion.  See the article here.  The effect of Citizens United has created a new financial "bubble", with the parties racing to see who can spend the most.  Hang on to your wallets in 2016, unless you got billions to spare.

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