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Defying the Odds

Defying the Odds
New book about the 2016 election.

Monday, June 18, 2012

Angry Money

At Real Clear Politics, Michael Barone writes of a most useful term:
What's really interesting is that, if current projections are right, this will be the third election in a row in which the party holding the White House will be outspent by the opposition. In 2004, incumbent Republican George W. Bush's side was outspent narrowly by those opposing him and favoring Democrat John Kerry. One reason is heavy spending by billionaire George Soros, about which we heard few complaints from those now decrying the billionaire Koch brothers' spending as a threat to democracy. In 2008, Barack Obama broke his promise to rely on public financing and raised and spent about $750 million. About half as much was spent on behalf of John McCain, who accepted public financing. Now, despite the clout any incumbent president has, Democrats are likely to be outspent by Republicans.