Money talks: The US elections - the most expensive ever
An analysis by David Wallace-Wells in The New York Times states that the current US election campaign is expected to be the most expensive in history, with advertising spending higher than the presidential elections two years ago. Billionaire spending has surged from $16 million in 2008 to $2.6 billion in 2024.
An analysis by David Wallace-Wells in The New York Times states that the current US election campaign is expected to be the most expensive in history, with advertising spending higher than the presidential elections two years ago. Billionaire spending has surged from $16 million in 2008 to $2.6 billion in 2024, partly due to involvement from Silicon Valley. Andreessen Horowitz has invested over $115 million, partly to prevent regulation of artificial intelligence. However, in direct fundraising, Democrats lead with $285 million in the House and $425 million in the Senate. The Republican advantage comes from external funding bodies and a donor oligarchy. Polls show that political corruption is the most important issue for American voters, and Democrats are trusted more on economic issues by a margin of 51% to 37%.