Probably not, says Time. Compared to the $14 trillion U.S. economy, the $6 billion spent by candidates to try to get elected was a negligible amount. Also, not all economic stimulus is create equal. “This is why, when governments plan stimulus programs, they spend money on projects like infrastructure which will promote general economic activity or otherwise put to work resources that would be idle by giving money to states to keep teachers and cops on the payroll. Campaign spending, on the other hand, is just the shifting of funds from one use to another — possibly less productive — one,” Time concludes. The next big question is whether campaign spending has much impact on the elections themselves.
Did the $6B in Campaign Spending Help the Economy? (Time)
November 10, 2012 By Leave a Comment