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Original Title: Foreign Media: US General Election “Burns Money” to New Level and Campaign Spending Doubled in 2016 Source: Reference News Network
Reference News Network reported on November 4 The German media said that the American elections are expensive, especially this year. It is estimated that by November 3, Democrats and Republicans will spend almost 14 billion US dollars (1 US dollar equals 6.7 yuan-Bennet’s Note) to win voter support for their party’s candidates. . As a result, this year’s campaign expenses will be double that of 2016, which is more than the sum of the campaign expenses in 2012 and 2016.
According to a report published on the website of the German weekly Der Spiegel on November 2, Democratic candidates and their supporters have raised a lot of funds this year and have spent $ 5.5 billion. If you add the campaign funds of billionaires Michael Bloomberg and Tom Steyr, it’s as high as $ 6.9 billion. The Republican Party has spent $ 3.9 billion so far.
Reports say such a dizzying amount is clearly necessary. According to estimates by the Center for Research on Sensitive Political Issues, the battle for the presidency between Trump and challenger Biden will cost only $ 6.6 billion, while the campaign for seats in the Senate and House of Representatives will cost a total of $ 7.25 thousand. millions. The two items totaled USD 13.85 billion.
The report also said that for Democrats, on November 3, they will not only take back the White House from Republicans, but they will also win the majority of Senate seats and retain the majority of seats in the House of Representatives. Only then can they truly carry out their legislative plans.
According to the New York Times, eight of the 10 most expensive races in history for Senate seats occurred this year. Small and medium-scale private donors are more important than in any other election. Currently, 22.4% of all donations come from donors who donated less than US $ 200 to parties, candidates or organizations.
The report noted that this year not only did the Senate competition consume a lot of money, but the competition for seats in the House of Representatives was also expensive. The competition is not always level. For example, in the 14th district of New York, the young representative Alexandria Ocasio-Cortez unexpectedly defeated her party rivals and was elected here in 2018.
Statistics portal 538’s website noted that Ocasio-Cortez is unlikely to lose the electoral district. However, this remains one of the most expensive competitions for House seats this year. According to data from the Research Center on Sensitive Political Issues, total spending is around $ 30 million.
On November 2, pedestrians passed a voting sign in Times Square in New York, USA Xinhua News Agency
