By David B. Magleby, Anthony Corrado
The 2008 elections have been by way of any ordinary ancient. The country elected its first African American president, and the Republicans nominated their first lady candidate for vice chairman. extra money used to be raised and spent on federal contests than in any election in U.S. historical past. Barack Obama raised a record-setting $745 million for his crusade and federal applicants, occasion committees, and curiosity teams additionally raised and spent record-setting quantities. in addition, the best way funds was once raised through a few applicants and occasion committees has the capability to remodel American politics for future years. the newest installment in a sequence that dates again part a century, Financing the 2008 Election is the definitive research of ways crusade finance and spending formed the historical presidential and congressional races of 2008. It explains why those documents have been set and what it capability for the way forward for U.S. politics. David Magleby and Anthony Corrado have assembled a group of specialists who subscribe to them in exploring the financing of the 2008 presidential and congressional elections. they supply insights into the political events and curiosity teams that made crusade finance heritage and summarize vital felony and regulatory alterations that affected those elections. individuals: Allan Cigler (University of Kansas), Stephanie Perry Curtis (Brigham younger University), John C. eco-friendly (Bliss Institute on the collage of Akron), Paul S. Herrnson (University of Maryland), Diana Kingsbury (Bliss Institute on the college of Akron), Thomas E. Mann (Brookings Institution).
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Additional info for Financing the 2008 Election: Assessing Reform
8 percent of the vote. Business and labor groups were also fighting each other over the airwaves more directly than is often the case. In 2008 a major focus was the Employee Free Choice Act. 91 Unions also invested heavily in advertising and memberto-member communications on the issue. In the end, some Chamber of Commerce–backed Senate candidates, like Elizabeth Dole in North Carolina and John Sununu in New Hampshire, lost, while others the Chamber supported, like Susan Collins in Maine, won. 92 Raising the Money Money to finance federal elections comes from three sources: individuals; party committees; and interest groups, which are themselves often aggregations of individual contributors.
Obama’s success is thus attributable to his success with donors at all giving levels. As is evident from figure 1-3, in proportionate terms Obama’s unitemized contributions started out substantially ahead of McCain’s and had an upward trajectory in the share of his total receipts through his securing the Democratic nomination in June 2008. 97 Once Obama was the presumed nominee, contributions from fence-sitting donors came in with larger dollar contributions. The pattern for McCain is the opposite; his unitemized contributions as a share of all contributions increased in March 2008 soon after he became the presumed nominee, and at one point in the summer McCain and Obama were at near parity in the percentage of small contributions from donors on a monthly basis.
Com/article/idUSN1725930620080917 [January 2010]). 3. David Plouffe, The Audacity to Win: The Inside Story and Lessons of Barack Obama’s Historic Victory (New York: Viking, 2009), pp. 339–40. 4. com/ news/ ap/politics/2008/Sep/15/mccain__wall_street_woes_point_to_regulation_need. html). 5. html [June 2009]). 6. The RNC spent an estimated $103 million in direct involvement with the McCain campaign. If only receipts are considered, and McCain’s unspent GELAC funds are left out of the equation (see chapter 4), Obama’s spending surpassed McCain’s by $112 million.