Sunday, July 11, 2010

The High Price of High Office

Midterms Will Be Most Expensive in History

With more than $1 billion already spent, it is expected that the 2010 contests for congressional seats will amount the most expensive midterm election in history, reports the Hill. Democratic strategists say Republican-leaning groups are ready to spend $301.5 million, largely funded by those upset by White House initiatives. In addition, a number of wealthy candidates are spending millions of their own money on campaigns. "We fully expect this will be the most expensive midterm election ever in U.S. history," said a spokesman for the Center for Responsive Politics. "Not only do we expect it to exceed the high water mark set in 2006, but this could very well obliterate that number when all is said and done." In 2006, when Democrats took control of the House and Senate, more than $2.8 billion was spent. Now CRP is estimating that the 2010 elections will cost about $3.7 billion. "We wouldn't be surprised at all if this is a $4 billion-plus election."

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