A $2B Election? It's on Track for 2012
Romney, Obama campaigns could each spend $1B
By John Johnson, Newser Staff
Posted Apr 17, 2012 9:15 AM CDT
Mitt Romney speaks during the Tri-State Tax Day Tea Summit April 16 in Philadelphia.   (Getty Images)

(Newser) – Barack Obama raised $750 million for his 2008 run, and John McCain's sum nudged the combined total over the $1 billion mark. How quaint. Come November, the nation's first $2 billion election could be in the books. A memo from the Romney campaign obtained by the New York Times lays out its goal of bringing in $500 million from big donors and $300 million from small donors. It also estimates that pro-Romney super PACS will spend $200 million.

Republicans say the Obama campaign will hit the $1 billion mark, too, though Democrats say that's just a scare ploy to motivate big GOP donors. One thing that should help the Romney campaign's billion-dollar goal: Über-rich donors such as Sheldon Adelson and Foster Friess are finally getting behind the establishment candidate, notes Politico.

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Apr 21, 2012 9:02 AM CDT
$2B to choose between two people. Our democracy has turned into a plutocracy. We've got to get the money (and Supreme Court) out of politics.
Apr 17, 2012 12:08 PM CDT
And all that money produces what? NOTHING!!!! Obviously those rich assholes don't know what to do with all that money they don't pay enough taxes on!!!!
Apr 17, 2012 11:59 AM CDT
Repubs can throw all the cash they want at R-Money, but it won't matter. There is very tepid support for R-Money from the Republican base. Obama wins!