where is all this political money coming from?
The candidates for president have broken nearly all fundraising records, amassing approximately $800 million even before the two major parties choose their nominees for the November ballot.Are "regular people," who have trouble making ends meet, increasing their credit card debt to make a $100 donation to Barack Obama?
How do people who have amassed $2.5 TRILLION in consumer debt fund $800 million in political donations during a PRIMARY election season? Are they skimping on groceries? What's going on here?
Nationwide, the use of revolving credit — fueled largely by credit cards — kept increasing throughout 2007, according to a recent consumer credit report by the Federal Reserve. Use of revolving credit rose 11.3% in November. In comparison, revolving credit increased 6.1% in 2006 and 3.1% in 2005.
Maybe, the economy isn't that bad? Maybe the donors aren't "regular people"?