Obama Expected to Spend $1 Billion on Reelection Campaign…

Someone should tell Obama that it's evil Capitalist money that will be used to fund his next election campaign. These progressives aren't shy are they? He'll happily spend $1bn to stay in office - to do a job that he's incapable of doing - but then wants to ration people's health care and tax the rich! It's totally disgusting that they can justify spending such astronomical amounts to lie campaign. And, is he serious? He's going to re-run?? Ain't one shellacking enough??

He raised and spent $750 million in the 2008 campaign, and there is already speculation that the cash-collection operation for his 2012 reelection bid will crest the once-unimaginable sum of $1 billion raised. (That’s a one and nine zeros. Nine!)

“It’s not unrealistic at all, given the amount raised and spent in 2008 and the amount Republican interest groups and 527s will spend against him,” said a former Obama administration official.

A look at the trend line of fundraising for presidential candidates over the past several elections suggests a doubling effect every four years.

In 2008, Obama raised an eye-popping $745 million, while Sen. John McCain (R-Ariz.) collected $368 million. Total spending, including third-party candidates, amounted to $1.3 billion, according to the Center for Responsive Politics.

Four years earlier, President George W. Bush brought in $367 million while Sen. John Kerry (D-Mass.) collected $328 million. Total spending in 2004 was about half that of 2008′s: $718 million.

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