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Entries in Campaign Spending (3)

Tuesday
May152012

Cost of Failure: Supporters Doled Out Millions for Failed Candidates

Brand X Pictures/Thinkstock(WASHINGTON) -- Ron Paul's announcement Monday that he will stop actively campaigning in the 11 remaining Republican primary states puts him within inches of becoming the eighth major presidential candidate to fall to Mitt Romney in this election.

If and when Paul decides to officially call it quits, his failed White House bid will have cost his backers more than $40 million, including spending from Paul's campaign and the super PAC supporting him.

Indeed, those eight candidates' campaigns spent a combined total of $132.7 million trying -- and failing -- to beat Romney in the GOP primary, according to an ABC News analysis of campaign disclosure data from the Center for Responsive Politics.

The number shoots up to $174.4 million in bad investments when super PAC spending to support those candidates is taken into account.

Here's a look at the hefty cost of failure that comes with running an unsuccessful presidential campaign:

-- Ron Paul: $40.2 million
-- Newt Gingrich: $39 Million
-- Rick Santorum: $26.8 million
-- Rick Perry: $25 million
-- Herman Cain: $17 million
-- Jon Huntsman Jr.: $11 million
-- Michele Bachmann: $10 million
-- Tim Pawlenty: $5.2 million

Copyright 2012 ABC News Radio

Wednesday
Nov102010

Campaign Spending Scorecard: Record Cash, Little Impact

Photo Courtesy - Getty Images(WASHINGTON) -- Despite all the attention on record spending by outside groups during the 2010 midterm campaign, a post-election analysis by the nonpartisan Campaign Finance Institute found that the huge sums had little effect on the outcome of the election.

Non-party organizations reported spending more than $280 million, or 130 percent more money, during the 2010 campaign than they did in 2008, according to the Institute. The figure eclipsed spending totals by the national political parties for the first time in recent memory.

However, in the most competitive races across the country, spending by party and non-party groups combined was roughly equal in support of Republican and Democratic candidates, a dynamic that suggests the electoral wave was rolling well ahead of any outside groups' attempts to sway voters' hearts and minds, the Institute said.

"Neither set of expenditures [party or non-party spending] could be said to have tipped the electoral balance," Institute researcher Brendan Glavin wrote in the report.

Republicans captured at least 60 seats from Democrats Nov. 2 to decisively seize majority control of the U.S. House. In the Senate, GOP candidates flipped six seats, although not enough for Republicans to claim a majority.

While the skyrocketing spending by outside non-party groups did favor Republicans overall, according to the Institute, in most races the influence seemed to have been offset by a significant difference in party spending, which favored Democrats.

"These [non-party] organizations that are spending money independently are doing exactly the same thing as parties," said Steve Ansolabehere, a political scientist at Harvard University, of the new dynamic. "When all is said and done after this election, we're going to look at those organizations and they're going to look like parties. It's just going to be another way money is flowing into campaigns."

Copyright 2010 ABC News Radio

Tuesday
Oct192010

2010 Election Spending Up 40 Percent

Photo Courtesy - Getty Images(WASHINGTON) -- With just under two weeks before voters head to the polls, the 2010 midterm election cycle is on track to be the most expensive in history, flush with 40 percent more cash than in 2008, according to the latest figures from the nonpartisan Campaign Finance Institute.

The group estimates $564 million will be spent by political committees and nonprofit groups this year, including $334 million by pro-Republican organizations and $230 million by pro-Democratic groups.

Experts say spending by independent third-parties are driving the surge, infusing 73 percent more cash into the campaign through mid-October than they did two years ago.

Copyright 2010 ABC News Radio







ABC News Radio