With record amounts of money flowing between donors, SuperPACs, and campaigns, this election is set to be the most expensive in our country’s history.
In fact, Mitt Romney’s campaign is expected to announce their candidate raked in $100 million in June, undoubtedly buoyed by the Supreme Court’s health care ruling. But President Obama has a huge edge when it comes to small donors — overall, 43% of its contributions to date have been from people giving between $2 and $250, compared to Romney’s 13%.
Here to break down the numbers are Ben Smith, editor in chief of Buzzfeed.com, CNN Contributor Margaret Hoover, and Lisa Borders, President of the Grady Health Foundation and Co-Founder of “No Labels.”