Tuesday, September 23, 2008

Campaign Finance

Obama owns about 2/3 of the total funds raised for the 2008 election, as of August 31st. Obama has raised about 470 million dollars for this election. It is nearly twice what McCain has at 225 million dollars.
Obama is supported mainly by California, New York and Illinois; while McCain is receiving most of his aid from Florida, Texas and California.
As expect the retired people are McCain's largest supporters and McCain has the edge over Obama with the oil and gas industry. Obama is mainly supported retired people, laywers and law firms and educators. Interestingly Obama leads McCain in areas that would be considered more Republican professions, such as real estate, business and finance.
Administration and media are the two expenses of the two main candidates. Obama has spent about 152 million on media and 112 million on administration. McCain has spent similar amounts on both, about 54 million for administration and the media.
With both candidates being able to spend a large amount of money on media, it will be interesting to see what effects that will have on the debates and how many of the independent candidates will be able to join the debates.

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