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Show 'we the people' the money

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With the new President of the United States chosen, it's time to look at the money.

According to the Center for Responsive Politics, candidates were projected to spend about $3 billion for the 2012 Presidential Election. Instead, they spent nearly double that.

From January 2011 to October 2012 President Barack Obama raised $934 million for his campaign and spent $852.9 million as opposed to Mitt Romney, who raised $881.8 million and spent $752.3 million.

However, Obama had $134.7 million cash on hand while Romney had $193.3 million left over.

The majority of Obama's donors, 56 percent, donated less than $200 with 33 percent donating between $200 and $2,499 and 11 percent donating $2,500 for his campaign.

Forty-nine percent of Obama's political action committee donors gave more than $1 million toward his campaign, 40 percent gave between $100,000 and $1 million and 10 percent gave less than $10,000.

The majority of Romney's donors, 42 percent, donated $2,500 with 35 percent donating between $200 and $2,499 and 23 percent donating less than $200 for his campaign.

 


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