News / USA

    US Presidential Race Is Hugely Expensive, Highly Regulated

    Both major U.S. political parties - the Democrats and the Republicans - spend massive sums of money on the race to win the White House. This effort is highly regulated by U.S. laws meant to ensure accountability and transparency. In this segment of How America Elects, VOA's Jeffrey Young looks at campaign financing and the rules that control it.

    The most expensive residential address in the United States is not in Hollywood - or Manhattan. It's 1600 Pennsylvania Avenue in Washington - the White House. Its current occupant, Barack Obama, raised nearly $750 million in 2008 to win the presidency and move in there.  

    The two major U.S. parties, the Democrats and the Republicans, are locked in a massive fundraising effort that escalates with every presidential election.

    In 1992, the two parties raised a total of $135 million. Sixteen years later, in 2008, they collectively took in $1.68 billion.

    Where does all that money go? At the independent research organization The Heritage Foundation in Washington, analyst Brian Darling outlines the high costs of campaigning.

    "The advertisements that cost millions of dollars to run, be it radio or TV, the traveling expenses throughout the country - it's going to cost a lot of money for these candidates to travel on a daily basis, and also the massive campaign organizations that these candidates need to put together," said Darling.

    In the 1970s, Congress created a federal regulatory agency called the Federal Election Commission, or F.E.C. Its twin goals are accountability and transparency, as outlined by Commissioner Cynthia Bauerly.

    "Everything that campaigns and candidates and parties do in our [political] system is reported to our central location here at the F.E.C. And, that [information] is almost immediately available to anyone who wants it on our website," said Bauerly.

    Current federal regulations limit presidential candidate contributions from individuals to $2,500, with most organizations limited to $5,000. Corporations and unions face strong restrictions.  

    Along with creating the F.E.C., Congress also created a system of public financing, under which, in exchange for government funds, candidates accept limits on other cash they might raise. But in the 2012 presidential race, no candidates from either party have accepted public funding.

    In 2010, the U.S. Supreme Court ruled that outside advocacy groups have the right to raise and spend money to influence elections. These political action committees, commonly called "PACs," have increasingly become a major force in the electoral process.

    "Really, there are few rules here for these groups," said reporter David Levinthal at the Politico newspaper in Washington. "They can raise and spend unlimited sums of money. They can spend it whenever they want to. There is no time limitation. The messaging they put out is not limited. They can directly, overtly, advocate for a candidate's election - or directly, overtly oppose a candidate."

    Observers say the 2012 presidential election may be the first in which this outside "PAC" money may wind up exceeding what the candidates and their parties officially raise for themselves. And there are some who say they fear what may become a tsunami of outside money essentially determining elections.


    Jeffrey Young

    Jeffrey Young came to the “Corruption” beat after years of doing news analysis, primarily on global strategic issues such as nuclear proliferation.  During most of 2013, he was on special assignment in Baghdad and elsewhere with the Special Inspector General for Iraq Reconstruction (SIGIR).  Previous VOA activities include VOA-TV, where he created the “How America Works” and “How America Elects” series, and the “Focus” news analysis unit.

    You May Like

    Video Obama Remembers Fallen Troops for Memorial Day

    President urges Americans this holiday weekend to 'take a moment and offer a silent word of prayer or public word of thanks' to country's veterans

    Upsurge of Migratory Traffic Across Sahara From West to North Africa

    A report by the International Organization for Migration finds more than 60,000 migrants have transited through the Agadez region of Niger between February and April

    UN Blocks Access to Journalist Advocacy Group

    United Nations has rejected bid from nonprofit journalist advocacy group that wanted 'consultative status,' ranking that would have given them greater access to UN meetings

    This forum has been closed.
    Comments
         
    There are no comments in this forum. Be first and add one

    Featured Videos

    Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
    Chinese-Americans Heart Trump, Bucking National Trendi
    X
    May 27, 2016 5:57 AM
    A new study conducted by three Asian-American organizations shows there are three times as many Democrats as there are Republicans among Asian-American voters, and they favor Hillary Clinton over Donald Trump. But one group, called Chinese-Americans For Trump, is going against the tide and strongly supports the business tycoon. VOA’s Elizabeth Lee caught up with them at a Trump rally and reports from Anaheim, California.
    Video

    Video Chinese-Americans Heart Trump, Bucking National Trend

    A new study conducted by three Asian-American organizations shows there are three times as many Democrats as there are Republicans among Asian-American voters, and they favor Hillary Clinton over Donald Trump. But one group, called Chinese-Americans For Trump, is going against the tide and strongly supports the business tycoon. VOA’s Elizabeth Lee caught up with them at a Trump rally and reports from Anaheim, California.
    Video

    Video Reactions to Trump's Success Polarized Abroad

    What seemed impossible less than a year ago is now almost a certainty. New York real estate mogul Donald Trump has won the number of delegates needed to secure the Republican presidential nomination. The prospect has sparked as much controversy abroad as it has in the United States. Zlatica Hoke has more.
    Video

    Video Drawings by Children in Hiroshima Show Hope and Peace

    On Friday, President Barack Obama will visit Hiroshima, Japan, the first American president to do so while in office. In August 1945, the United States dropped an atomic bomb on the city to force Japan's surrender in World War II. Although their city lay in ruins, some Hiroshima schoolchildren drew pictures of hope and peace. The former students and their drawings are now part of a documentary called “Pictures from a Hiroshima Schoolyard.” VOA's Deborah Block has the story.
    Video

    Video Vietnamese Rapper Performs for Obama

    A prominent young Vietnamese artist told President Obama said she faced roadblocks as a woman rapper, and asked the president about government support for the arts. He asked her to rap, and he even offered to provide a base beat for her. Watch what happened.
    Video

    Video Roots Run Deep for Tunisia's Dwindling Jewish Community

    This week, hundreds of Jewish pilgrims are defying terrorist threats to celebrate an ancient religious festival on the Tunisian island of Djerba. The festivities cast a spotlight on North Africa's once-vibrant Jewish population that has all but died out in recent decades. Despite rising threats of militant Islam and the country's battered economy, one of the Arab world's last Jewish communities is staying put and nurturing a new generation. VOA’s Lisa Bryant reports.
    Video

    Video Meet Your New Co-Worker: The Robot

    Increasing numbers of robots are joining the workforce, as companies scale back and more processes become automated. The latest robots are flexible and collaborative, built to work alongside humans as opposed to replacing them. VOA’s Tina Trinh looks at the next generation of automated employees helping out their human colleagues.
    Video

    Video Wheelchair Technology in Tune With Times

    Technologies for the disabled, including wheelchair technology, are advancing just as quickly as everything else in the digital age. Two new advances in wheelchairs offer improved control and a more comfortable fit. VOA's George Putic reports.
    Video

    Video Baby Boxes Offer Safe Haven for Unwanted Children

    No one knows exactly how many babies are abandoned worldwide each year. The statistic is a difficult one to determine because it is illegal in most places. Therefore unwanted babies are often hidden and left to die. But as Erika Celeste reports from Woodburn, Indiana, a new program hopes to make surrendering infants safer for everyone.
    Video

    Video California Celebration Showcases Local Wines, Balloons

    Communities in the U.S. often hold festivals to show what makes them special. In California, for example, farmers near Fresno celebrate their figs and those around Gilmore showcase their garlic. Mike O'Sullivan reports that the wine-producing region of Temecula offers local vintages in an annual festival where rides on hot-air balloons add to the excitement.
    Video

    Video US Elementary School Offers Living Science Lessons

    Zero is not a good score on a test at school. But Discovery Elementary is proud of its “net zero” rating. Net zero describes a building in which the amount of energy provided by on-site renewable sources equals the amount of energy the building uses. As Faiza Elmasry tells us, the innovative features in the building turn the school into a teaching tool, where kids can't help but learn about science and sustainability. Faith Lapidus narrates.

    Special Report

    Adrift The Invisible African Diaspora