Image Source: BeyondTheBets


BY CANDICE AVILES
ANCHOR CHRISTIAN BRYANT

The 2012 election cycle broke a financial record, totaling $7 billion spent during the race, according to the Federal Election Commission.

The Commission posted the findings in the Presidential Campaign Finance Report on its website. The interactive maps on the site break down the costs for all elections including presidential, house and senate, house independent expenditures, and senate independent expenditures.

The FEC Chairwoman broke down the $7 billion saying candidates spent around $3.2 billion, political parties spent another $2 billion, and political committees spent $2.1 billion.

In an interview with Politico, she said, “Every presidential election is the most expensive ever. Elections don’t get cheaper.” She went on to say her priority isn’t how much is being spent but rather enhancing transparency.

To put things in perspective, several news outlets compared where else the $7 billion dollar could have been spent.

“That amount, in case you're wondering, is equal to twenty-eight 787 boeing planes or 70 private islands or how about this, 50 billion polio vaccines.”

“That 7-billion dollars spent is about as much as americans spent on decorations for christmas -- hanukkah -- and kwanzaa!”


The FEC says the $7 billion number surpassed prior estimates of the 2012 campaigns.

2012 Election Cycle Cost $7 Billion Total

by Candice Aviles
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Transcript
Feb 1, 2013

2012 Election Cycle Cost $7 Billion Total

Image Source: BeyondTheBets


BY CANDICE AVILES
ANCHOR CHRISTIAN BRYANT

The 2012 election cycle broke a financial record, totaling $7 billion spent during the race, according to the Federal Election Commission.

The Commission posted the findings in the Presidential Campaign Finance Report on its website. The interactive maps on the site break down the costs for all elections including presidential, house and senate, house independent expenditures, and senate independent expenditures.

The FEC Chairwoman broke down the $7 billion saying candidates spent around $3.2 billion, political parties spent another $2 billion, and political committees spent $2.1 billion.

In an interview with Politico, she said, “Every presidential election is the most expensive ever. Elections don’t get cheaper.” She went on to say her priority isn’t how much is being spent but rather enhancing transparency.

To put things in perspective, several news outlets compared where else the $7 billion dollar could have been spent.

“That amount, in case you're wondering, is equal to twenty-eight 787 boeing planes or 70 private islands or how about this, 50 billion polio vaccines.”

“That 7-billion dollars spent is about as much as americans spent on decorations for christmas -- hanukkah -- and kwanzaa!”


The FEC says the $7 billion number surpassed prior estimates of the 2012 campaigns.

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