Politics
Out of context: Reply #13521
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- ukit0
Amazing how this is totally ignored in the U.S. media...you'd think it would be one the most important stories of the year.
"US midterms set to become most expensive elections in country's history"
http://www.guardian.co.uk/world/…
The US midterm elections are on course to become the most expensive in history next month, estimated at well over $5bn (£3.15bn) – an indication of how much is riding on the outcome of the biggest test of US public opinion since the 2008 White House race.
With the Democrats facing electoral disaster and Barack Obama battling to save his presidency, the Republicans are resurgent, their campaign chests bursting with money from big corporations whose spending power has been unleashed by a supreme court ruling earlier this year providing anonymity for donors.
The estimated $5bn dwarfs the $1bn spent on the White House race.
Public Citizen, a non-profit organisation that tracks corporate spending on elections and lobbying, said today Republicans had received six times more cash than the Democrats last month, and this could rise to 10 to one this month. Much of the cash had come from Wall Street, banking and the health and pharmaceuticals industry, it said.
"We are going to see record amounts. This is the first year in which all limits are removed. The supreme court ruling reverses a century of political tradition in the US in which corporations are not supposed to get involved," said Craig Holman, Public Citizen's representative on Capitol Hill.
- US Media is bought and paid for by the same peepsTheBlueOne
- At the same time, actually. That is where all that ad money goes.DrBombay
- haha...good point. All those ad buys are keeping them in business.ukit