Spending big to get noticed in a crowded Democratic field

Nancy Marshall-Genzer Jan 14, 2020
HTML EMBED:
COPY
The last Democratic debate at Loyola Marymount University on December 19, 2019 in Los Angeles, California. Justin Sullivan/Getty Images

Spending big to get noticed in a crowded Democratic field

Nancy Marshall-Genzer Jan 14, 2020
The last Democratic debate at Loyola Marymount University on December 19, 2019 in Los Angeles, California. Justin Sullivan/Getty Images
HTML EMBED:
COPY

The seventh Democratic debate takes place tonight, and six presidential hopefuls will be on stage. To get there, they had to raise a lot of money from a lot of donors.

Ann Ravel, a former chair of the Federal Election Commission, said fierce competition for votes and donors “causes candidates to be more extreme, to be able to bring in certain supporters who will contribute to their campaigns.”

The Democrats are spending big just to get noticed. Daniel Weiner, senior counsel at the Brennan Center for Justice, said that at this point in her 2016 presidential campaign, Hillary Clinton was spending about 90 cents of every dollar she raised.

“But what you’re seeing this year is that several of the candidates, particularly Joe Biden, are actually spending more than they’re taking in,” Weiner said.

Weiner said all that fundraising and spending will almost certainty make this the most expensive U.S. presidential election ever.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.