Lam Thuy Vo writes:
Today wraps up what is set to be the most expensive election in the history of the U.S. Total spending on federal campaigns will be about $6 billion, according to the Center for Responsive Politics. This includes both official campaign spending and spending by outside groups for the presidential, House, and Senate campaigns…..
Do you think that $6 billion buys a better election result? Or would restricting each candidate to $100 million worth of air time increase the competition and improve the outcome?
After all there are many good people out there with good ideas but without the financial backing. And restricting campaign spending would limit the influence of special interest groups.
via Here’s One Number That Makes $6 Billion In Campaign Spending Seem Low : Planet Money : NPR.
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
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