The amount of money that is spent on US elections is ridiculous. Each major party will spend around the order of a billion dollars on presidential elections. The reasons for this are many. The fact that the date of the elections are fixed in advance means that a new campaign starts as soon as the earlier one ends, and even earlier, and more time correlates with more money. Another reason is that campaign finance laws are almost non-existent, thus enabling wealthy players to buy access and thus influence candidates via campaign contributions.
[Read more…]
