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.