Midterm Elections Will Cost Nearly $4 Billion

Worth Clicking: Blasts from the past wound Romney

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February 23, 2010

Midterm Elections Will Cost Nearly $4 Billion

A new report from the Center for Responsive Politics estimates that this year's midterm elections will cost at least $3.7 billion -- about 30% more than four years ago.

Major caveat: The estimate does not include how much money could come directly from corporations, unions, trade associations or other interest groups stemming from the recent Supreme Court decision allowing unlimited contributions.

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Taegan D. Goddard is the founder of Political Wire, one of the earliest and most influential political web sites.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country, including the Washington Post, USA Today, Boston Globe, San Francisco Chronicle, Chicago Tribune, Philadelphia Inquirer and Christian Science Monitor.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

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February 23, 2010