How Much Money Will Super Pacs Spend on the 2012 Presidential Election?
I propose a contest. Guess how much Super Pac money will be spent only on the presidential part of the 2012 election.
In 2008, $1.3 billion were spent by the two candidates. I predict that this amount will be reached again---and that it will be dwarfed by Super Pac spending fueled by special interests that have cut jobs while raking in huge profits. And the banks, which have squirreled away their bailout money to use as an election slush fund. And by Big Oil that continues to get government subsidies to price gouge us. Since the various special interests---Big Oil, Big Pharm, Insurance, Banking, Retail sector--have competing interests, as one group gives, the others will give, too, in hopes of controlling the White House in 2013-2017. Because what is good for Big Oil may not benefit United Health. And what makes Pfizer profits may not do much for J.P. Morgan. And with the federal government circling the bankruptcy toilet thanks to all the corporate welfare handed out by Bush. Jr, there will be only so much federal money to go around in the next four years, and everyone of the special interests cited above will want to get all of that money, even if it means starving every other sector of the economy to death.
Ok. I'm guessing $10 billion in SuperPac spending.
