(Image Source: New York Times)

BY JOHN O’CONNOR

ANCHOR JASMINE BAILEY

Federal financial reports are in and the figures show the 2012 presidential election was one for the history books. Connecticut’s News 12 has the details.

“This year’s election broke the two billion dollar mark in its final weeks, thanks in part to TV commercials. That is the most expensive collection in American political history.”  

President Barack Obama not only defeated Republican Governor Mitt Romney in electoral votes, but also in total campaign fundraising.

According to the New Jersey Star Ledger, President Obama raised a total of $1.123 billion compared to Mitt Romney’s only $1.019 billion

But CNN notes that doesn’t take into account last-minute contributions from donors like Nevada casino mogul Sheldon Adelson, who alongside his wife Miriam contributed 33 million dollars to Super PACs supporting Romney. 

Politico reports even without the Adelsons’ donations taken into account, the Romney campaign still managed to rake in $86 million during the last few weeks leading up to the election.

“The campaign itself raised $65.6 million … between Oct. 18 and Nov. 26 … and spent $105.3 million on the final push to oust President Barack Obama … $58.5 million, the bulk of its haul, [went to] ads and an additional $6.3 million [went to] online ads.” 

But according to Businessweek, President Obama and his Super PAC Priorities USA Action still outspent the Republican candidate during that final push.

“Obama and the Priorities USA Action super-PAC spent $197 million from Oct. 18 to Nov. 26, spanning the last three weeks of the race and its aftermath.” 

The Wall Street Journal’s Live Mint says election fundraising was expected to surpass the 2 billion mark after an election season dominated by partisan pressure and expensive media ad battles. 

Obama, Romney Campaigns Spent More than $2 Billion

by John O'Connor
0
Transcript
Dec 7, 2012

Obama, Romney Campaigns Spent More than $2 Billion

 

(Image Source: New York Times)

BY JOHN O’CONNOR

ANCHOR JASMINE BAILEY

Federal financial reports are in and the figures show the 2012 presidential election was one for the history books. Connecticut’s News 12 has the details.

“This year’s election broke the two billion dollar mark in its final weeks, thanks in part to TV commercials. That is the most expensive collection in American political history.”  

President Barack Obama not only defeated Republican Governor Mitt Romney in electoral votes, but also in total campaign fundraising.

According to the New Jersey Star Ledger, President Obama raised a total of $1.123 billion compared to Mitt Romney’s only $1.019 billion

But CNN notes that doesn’t take into account last-minute contributions from donors like Nevada casino mogul Sheldon Adelson, who alongside his wife Miriam contributed 33 million dollars to Super PACs supporting Romney. 

Politico reports even without the Adelsons’ donations taken into account, the Romney campaign still managed to rake in $86 million during the last few weeks leading up to the election.

“The campaign itself raised $65.6 million … between Oct. 18 and Nov. 26 … and spent $105.3 million on the final push to oust President Barack Obama … $58.5 million, the bulk of its haul, [went to] ads and an additional $6.3 million [went to] online ads.” 

But according to Businessweek, President Obama and his Super PAC Priorities USA Action still outspent the Republican candidate during that final push.

“Obama and the Priorities USA Action super-PAC spent $197 million from Oct. 18 to Nov. 26, spanning the last three weeks of the race and its aftermath.” 

The Wall Street Journal’s Live Mint says election fundraising was expected to surpass the 2 billion mark after an election season dominated by partisan pressure and expensive media ad battles. 

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