Will money buy the White House? - CNN.com
I'm sure this fine reporter just forgot about 2008, or didn't have the 2 sec it took to google up a number.
Conservatively, BO spent $740 M, although many place the number closer to $1B because of many of the loopholes he used (eg. not reporting contributions of <$50).
This is a CNN HEADLINE article, and the previous presidential election bears no mention?
Since 1976, the presidential public financing system included matching funds for small contributions in primaries and equal grants for the two general election nominees. Beginning with George W. Bush rejecting public matching funds in the 2000 primary campaign (and the spending limits that went with them), that system was diminished incrementally until 2008 when Obama's rejection of general election funding spelled its final demise.
Uh, lets "blame Bush". He didm't accept funds for the PRIMARY??? Does CNN even care which Republican gets selected?? Oh, I suppose they DO want to make sure it is the weakest one, and since fundraising is clearly important, I guess W bypassing the primary rule WAS painful for them.
BO spening a Billion??? Not a problem in '08 ... at least we had ONE election in which money in politics was just fine!