Below are 2 articles about the 2008 elections, highlighting that it will shatter all records for spending.
Article 1. According to the Federal Election Commissioner Michael Toner: "The 2008 race will be the longest and most expensive election in American history. We're heading into the first $1 billion election." The Daily News says that "things have gotten so out of hand that Toner estimated a prospective candidate needs to raise $100 million by the end of this year just to be 'taken seriously.'"
Article 2. All the major candidates (Clinton, Edwards, Obama, Romney, and McCain) have opted out of the public financing system for both the primary and the general elections. Obama is exploring whether he can raise money now and give it back later if he wants to use public financing, but this is just a way for him to save face with his supposed long-time commitment to public financing. What this means is that now candidates can raise up to $4200 from a single individual.
So the question for you readers is if a candidate has to raise $500 million to compete, who do you think they're going to raise that money from, and whose interests will they defend - working people or corporate America?
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Article 1
http://www.nydailynews.com/front/v-pfriendly/story/488673p-411469c.html
Wanna be Prez? First get $100M
BY HELEN KENNEDY
DAILY NEWS STAFF WRITER
Sunday, January 14th, 2007
New York Daily News - http://www.nydailynews.com
Wanna be Prez? First get $100M
BY HELEN KENNEDY
DAILY NEWS STAFF WRITER
Sunday, January 14th, 2007
Americans love to tell their kids that anyone can grow up to be President if they are smart and work really hard.
These days, they also need to raise heart-stopping amounts of money.
The next White House race is certain to break every spending record. And despite various attempts to curb the cash orgy that presidential politics has become, it will likely also spell the end of publicly financed campaigns.
"The 2008 race will be the longest and most expensive election in American history," warned Federal Election Commissioner Michael Toner. "We're heading into the first $1 billion election."
Things have gotten so out of hand that Toner estimated a prospective candidate needs to raise $100 million by the end of this year just to be "taken seriously."
"Call it a $100 million entry fee," he said.
[click link above to read the rest]
Article 2:
Obama Weighing Fundraising Options
http://www.oregonlive.com/newsflash/politics/
Article 1. According to the Federal Election Commissioner Michael Toner: "The 2008 race will be the longest and most expensive election in American history. We're heading into the first $1 billion election." The Daily News says that "things have gotten so out of hand that Toner estimated a prospective candidate needs to raise $100 million by the end of this year just to be 'taken seriously.'"
Article 2. All the major candidates (Clinton, Edwards, Obama, Romney, and McCain) have opted out of the public financing system for both the primary and the general elections. Obama is exploring whether he can raise money now and give it back later if he wants to use public financing, but this is just a way for him to save face with his supposed long-time commitment to public financing. What this means is that now candidates can raise up to $4200 from a single individual.
So the question for you readers is if a candidate has to raise $500 million to compete, who do you think they're going to raise that money from, and whose interests will they defend - working people or corporate America?
:::
:::
Article 1
http://www.nydailynews.com/front/v-pfriendly/story/488673p-411469c.html
Wanna be Prez? First get $100M
BY HELEN KENNEDY
DAILY NEWS STAFF WRITER
Sunday, January 14th, 2007
New York Daily News - http://www.nydailynews.com
Wanna be Prez? First get $100M
BY HELEN KENNEDY
DAILY NEWS STAFF WRITER
Sunday, January 14th, 2007
Americans love to tell their kids that anyone can grow up to be President if they are smart and work really hard.
These days, they also need to raise heart-stopping amounts of money.
The next White House race is certain to break every spending record. And despite various attempts to curb the cash orgy that presidential politics has become, it will likely also spell the end of publicly financed campaigns.
"The 2008 race will be the longest and most expensive election in American history," warned Federal Election Commissioner Michael Toner. "We're heading into the first $1 billion election."
Things have gotten so out of hand that Toner estimated a prospective candidate needs to raise $100 million by the end of this year just to be "taken seriously."
"Call it a $100 million entry fee," he said.
[click link above to read the rest]
Article 2:
Obama Weighing Fundraising Options
http://www.oregonlive.com/newsflash/politics/
