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A $5 billion election

Posted by Foon Rhee, deputy national political editor October 23, 2008 04:47 PM

A campaign finance watchdog group predicted this afternoon that this year's election will be the most expensive by far, with $5.3 billion spent on the presidential race and races for Congress.

Just for the presidential race, nearly $1.6 billion has been raised and more than $1.3 billion spent, the Center for Responsive Politics said.

Democrat Barack Obama, harnessing the power of online fund-raising, has shattered every record.

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Let's have President Obama do some more of this to retire the national debt. Everytime he asks for money the people send it to him. We could have a lot of fun running the country this way.

Posted by Gaias Child October 23, 08 06:33 PM
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McCain should have written a real campaign finace reform law instead of fake maverick stuff to keep incumbents in office and lobbyists still influencial. Now he is getting whipped due to his own law being left behind by technological advances. Obama learned from Ron Paul and Howard Dean how to leverage the internet to his best advantage while McCain doesn't even use the internet.

Posted by Waste of money October 23, 08 06:34 PM
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I think President elect Obama should make a very nice donation to Hillary Clinton and clear up her debt. I am sure she would have done the same for him.Or lets see he could keep asking for money and get the economy back on its feet. That would be a very big help.

Posted by mimi362 October 23, 08 07:00 PM
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