No recession here: Election spending sets records

[Omaha Steve]

Source: (Excite) AP

By JIM KUHNHENN

WASHINGTON (AP) - Turns out politics, for all its focus on the gloomy economy, is a recession-proof industry.

This year's volatile election is bursting with money, setting fundraising and spending records in a high-stakes struggle for control of Congress amid looser but still fuzzy campaign finance rules.

Based on the latest financial reports, House and Senate candidates in this election cycle raised nearly $1.2 billion, well ahead of the pace for contests in 2008, 2006 and 2004.

Races for governor in 37 states - more than half of those for open seats - are also setting fundraising records. Billionaire Republican Meg Whitman leads the way, pumping $104 million of her own money into her campaign for California governor.

Read more: http://apnews.excite.com/article/20100907/D9I317IG0.html

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In this Sept. 1, 2010, file photo, California Republican gubernatorial candidate Meg Whitman speaks in Folsom, Calif. This year's volatile election is bursting at the seams with money, setting fundraising and spending records in a high-stakes struggle for control of Congress amid looser but still fuzzy campaign finance rules.(AP Photo/Rich Pedroncelli, File)

[HillbillyBob]

1. Mean while 100,000 incomes have droppped to 30g

and we cannot afford to get the roof, truck engine, and about a dozen other things around here we need to make a go of our little farm..as is I can't even afford to get the lawnmower fixed.
How is it that failed CEOs can throw 104 million at buying an election when us little folks like the employees she screwed by laying off cannot keep their home?

[ejpoeta]

2. i guess that is the american way..... it seems to be the american way of the future and the present

and people who are affected keep voting for their rich bosses to be able to screw them over. and we have to bend over and say thank you sir can i have another.

[savalez]

3. +1

[savalez]

4. self deleted

[OhioChick]

5. +2 n/t

[4_TN_TITANS]

6. This is no longer a democracy.

It's a government up for sale to the highest bidder.