- $718 million: Total amount spent by all presidential candidates in 2004
- $745 million: Amount President Barack Obama spent to get elected in 2008 – a new record
- $1 billion: Amount Obama is expected to raise and spend on his 2012 re-election campaign
- $1.3 billion: Total amount spent by all presidential candidates in 2008
Republicans reap benefits of being in power
Just before the midterm elections, when it was pretty clear that Republicans would be taking over the House of Representatives, industry interests lavished hundreds of thousands of dollars on lawmakers slated to be chairs of influential committees. These include committees overseeing tax policy, energy matters and the implementation of the new health care law. “People bet on winners,” Craig Holman, money and politics expert at Public Citizen, told USA Today.