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Untitled Document March 2007 Issue

Elections

The Cost to be be the Boss
The ever-rising price tag to win the American presidency

Have you ever sat on the porch with your parents or grand parents and they regaled you with stories about how milk was 50 cents and rent was less than $100 a month? Well the same conversation can be held amongst former President Jimmy Carter and any of the leading candidates running for the Democratic or Republican nominations in

2008…well sort of.

President Carter could give the old “back in my day” speech about how he and his opponents, including the late former

Carter_Ford
Jimmy Carter (left) debating Gerald Ford (right) in 1976.

President Gerald Ford, only had to shell out a mere $22 million to stay in the hunt for the White House. The price tag to move into the country’s most famousaddress by January 2009 could run somewhere near the $85 million dollar mark and that doesn’t even include move-in fees. Talk about inflation.

This is also counting on the end result being victory; otherwise you would be spending the GDP of Somalia for nothing.  In an interview with The Washington Post in March 2006, the Federal Election Commission Chairman Michael E. Toner said, “There is a growing sense that there is going to be a $100 million entry fee at the end of 2007 to be considered a serious candidate." With that said, here’s a look at how much it has cost to at least be a contender in the last 9 presidential elections.


Election Year

“The Entrance Fee”

2008

$83.8 million**

2004

$74.62 million

2000

$67.56 million

1996

$61.82 million

1992

$55.24 million

1988

$46.1 million

1984

$40.4 million

1980

$29.44 million

1976

$21.82 million

**Projected

Source: Federal Election Commission
(Compiled by C. Theresa Harrington for ClubRelaford.com)


-Club Relaford Staff

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