Welcome to the end of the week and another edition of Happy Hour! Just sit back, relax, and enjoy your end of the week roundup of all things interesting in the land of money.
The amount of money spent to attract your vote is mind-blowing. The political spending inflation has skyrocketed over the past several decades according to CNBC. With $1.6 billion dollars spent already by the two presidential candidates alone, it’s a wonder how they both don’t get elected.
Since election day (November 6) around the corner, you can expect even more money being thrown away. And you can follow along at home thanks to the New York Times Money Race. When everything is said and done, we’ll be looking at over $2 billion spent for the presidential seat. It’s a dollar or two more than necessary.
So my question is, how does a losing (or winning) candidate rationalize spending that amount of money? Maybe that should have been a question for the debates. Continue Reading…