The 2008 campaign was the costliest in history, with a record-shattering $5.3 billion in spending by candidates, political parties and interest groups on the congressional and presidential races.
That sum marks a 27 percent increase over the $4.2 billion spent on the 2004 campaign, according to the Center for Responsive Politics, which compiled the figures.
The amount spent on the presidential race alone was $2.4 billion when all candidates and related expenses are included, the center found.
The party presidential nominees – Democrat Barack Obama and Republican John McCain – together spent more than $1 billion, also an unprecedented figure.
The inflation in presidential fundraising was due in large measure to Obama’s decision to finance both his primary and general election with private donations. He was on track to raise more than $650 million.
(Politico)
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One Response
As much as this figures are very high, it is following a pattern.
America started off with no campaigning, and since the time that Presidents have started, they have been spending more and more.