Friday, February 28, 2020
2020 Election Spending Is Breaking Records
These charts shows the election spending between January 1st and February 23rd on the presidential race. The top chart shows the spending done by the candidates' campaigns ($601,413,670.00). The second chart shows the spending done by outside groups ($15,727,860.00). That's just the spending on broadcast and cable TV advertising. There has also been about $250,000,000.00 spent on Facebook and Google.
This doesn't count print advertisements or other social media.
By Super Tuesday, spending is expected to be over $1,000,000,000.00 -- and the primary season has really just begun. Records are already being broken, and we are months away from the start of the general election.
By November, the spending will be astronomical.
Is it time to start considering a new way to finance political campaigns?