Don’t Call It a Stimulus: 2012 Election Spending Likely To Top $8B

The 2008 election was all about change.

The stakes to maintain control have certainly changed (increased).

760M/872 Avg POG = 0.87 2008
8000M/2500 Avg POG = 3.20 2012

The road to the White House is paved with dollar bills... billions of them. The work begins tonight as President Obama kicks off his fund-raising efforts in his hometown of Chicago. First, Obama speaks at a $5,000 to $15,000-per-plate fundraiser. Then before sitting down for dinner he'll head over to a $35,800-per-person event where he might actually sit and grab a bite. (See what's on the menu.)

The President alone is expected to eclipse the billion dollar barrier in his re-election bid. That goal is a roughly 25% increase over the record $760 million he raised as a candidate in the 2008 race. "[Obama] believes he has to in order to offset what he believes to be an onslaught of outside spending especially by corporate interests," says Bill Holman, government affairs lobbyist with Public Citizen.

Source: finance.yahoo.com