The Crazy Cost of Becoming President, From Lincoln to Obama

The Crazy Cost of Becoming President, From Lincoln to Obama

Washington : DC : USA | Feb 28, 2012 at 3:18 PM PST
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Barack Obama spent $730 million getting to the White House in 2008 – twice as much as George W. Bush spent 4 years earlier and more than 260 times what Abraham Lincoln spent in his first election (as measured in 2011 dollars). Looking at the total costs of presidential elections over the past 150 years, it would seem that the White House is the ultimate recession-proof commodity.

So is the White House overpriced? Depends on what you're comparing it against. The increase in campaign costs (measured in real dollars) significantly outpaced the price of gold's rise over the 20th century. Yet between 1908 and 2008, real campaign costs did not keep up with real GDP growth.

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Abraham Lincoln and Barack Obama
From Lincoln to Obama.
Stephanie Sklar is based in Silver Spring, Maryland, United States of America, and is an Anchor on Allvoices.
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  • Ms.M's Blog: Presidents day
    Wednesday was all about Washington, Tuesday was all about Lincoln, and Friday we compare the two, talked about the presidency, and who is our current president. ... "go to the white house and work. .... I am getting ready for a crazy week.



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