Key Insights
Why is the 2024 presidential campaign so close?
The race is tight due to the massive amounts of money spent by both campaigns, totaling billions on ads and targeting swing states.
Where does the majority of campaign money go?
Most of the money is spent on ads in swing states like Pennsylvania, Michigan, Wisconsin, Georgia, North Carolina, Arizona, and Nevada.
How much money has been spent on the 2024 presidential campaign so far?
Over $10 billion has been spent leading up to the election, with both parties spending billions on ads and targeting specific demographics.
What is the limit for individual donations to presidential candidates?
Individuals can donate up to $3,300 directly to presidential candidates to prevent wealthier individuals from having undue influence.
How do billionaires like Bill Gates and Elon Musk bypass donation limits?
They use super PACs, which can accept unlimited contributions from corporations and individuals as long as they don't give directly to candidates.
What is dark money in political campaigns?
Dark money refers to undisclosed donations from nonprofits, which can come from foreign countries with interests in U.S. politics.
What is Elon Musk's controversial campaign strategy?
Musk is running a petition contest in swing states, giving away millions, which the Justice Department has warned might be illegal.
How can you ensure your donation supports the candidate you want?
Donate directly to the campaign within the $3,300 limit or verify the legitimacy of super PACs through the Federal Election Commission.
Chapters
- Both campaigns have spent billions on ads, with significant amounts funneled into swing states.
- Pennsylvania alone has received over $1.2 billion in campaign spending.
- Both parties target specific demographics, such as younger male voters, with their ad spending.
Shownotes Transcript