Friday, November 23, 2012

POLITICS - Big-Money Lost Bets Funding Election 2012

"Big Donors Saw Diminishing Returns in Most Expensive Election in History" PBS Newshour 11/21/2012

Excerpt

JUDY WOODRUFF (Newshour): And we turn now to politics. The most expensive set of campaigns in history is in the books. Candidates, parties and outside groups spent a record $6 billion on elections in 2012, up $700 million from the previous record of $5.3 billion in 2008, driven by almost $1 billion in outside spending, three times the amount shelled out four years ago.

And of that, more than $300 million was spent by groups not required by law to disclose their donors.

For more on where all that money went, what it bought, and what it means for future elections, we turn to two reporters who've been tracking all those numbers, Matea Gold of The Los Angeles Times, and Eliza Newlin Carney, who covers this for Roll Call newspaper.

No comments: