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.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Comments are moderated for relevance and civility. Spam is discarded.