Posted by: Tony Carson | 24 August, 2007

The money orgy of US Presidential races

The sickening spending spree that is the US presidential election race tightens the incestuous loop of corporations, media and democracy.

And this presidential election cycle, starting so early and running so long, will include stratospheric media buys proving that he or she with the largest wallet can stay longest in the competition.

And get out of the starting blocks the fastest, too: Republican Mitt Romney spent more than $1.8 million on broadcast media during the first half of 2007, like even before the race really began.

Wall Street analysts predict television stations alone could bring in a record $2 billion to $3 billion from the 2008 election cycle, up from $1.6 billion in 2006 and $900 million in 2004. That’s from this Reuters article entitled TV, radio look for record ad money in election which adds:

The presidential sweepstakes could have an additional bonanza, reinvigorating broadcast mergers and acquisitions, though the number of deals will likely depend on financing, which has dried up amid turmoil in the credit markets.

Advertisements

Responses

  1. hey money talks right? No one seems to care that all the money being spent on presidential campaingns by BOTH sides could be put to better use… or might even be OUR money… somewhere down the line. I’m sure a dollar or two that was once in my hand has now been passed along to the corrupt hands of politicians.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: