Federal Campaigns Spend $1.8 Billion in 2008
by Jonathan Singer, Tue Jun 09, 2009 at 04:37:11 AM EDT
Chris Good has the numbers:
Thanks in part to Barack Obama's record-setting fundraising total of $745.7 million, financial activity in the 2008 election increased 80 percent from 2004 for a total of over $1.8 billion, according to the Federal Election Commission.
There's a sense in me that the epic growth in campaign expenditures -- up 80 percent over just the last four years, as the FEC release indicates -- is going to slow down between now and 2012. Of course the economy, which may be picking up by the time the next cycle begins in earnest but certainly is not there yet, would play a role in this slowing of campaign cash. Indeed, the pace of contributions seemed to slow down during the last month of the 2008 campaign as a result of the then-teetering economy. But even beyond that, it's not clear to me that the excitement of 2008, which centered (at least on the Democratic side) on replacing George W. Bush, will be as present in three years as it was last year. Then again, the trajectory of spending has been inexorably upward over the past several decades, so perhaps a slowing is not in fact in the works.