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Will Obama's campaign spend more than $10.00 per vote?

Settled as No

The 2008 Presidential Election was the most expensive in American history. Obama out-spent John McCain by a considerable margin: McCain's campaign spent $6.33 per vote recieved, and Obama spent $9.88 per vote.

Background:

Background: One measure of the popularity of a Presidential candidate is their ability to raise money, Senator Obama has been very successful in raising money this year for his bid for the White House. January through September his campaign has raised $498,900,000.00. In the last election, 2004, the Democratic Presidential candidate, John Kerry, received 59,028,109 votes. Using Kerry's votes as a baseline Obama's ***current*** warchest would equate to $8.45/vote prior to the October fundraising, assuming he exactly matched the votes that Kerry got.

There are two variables in this market:

a.) The October fundraising results and how much they will add to the year-to-date amount of $498.8M. //Note, Sept was Obama's best month yet with $150M raised, lowest month in 2008 was May at $22M.//

and

b.) The total number of actual votes that Senator Obama will receive this year for President.

A good month of fundraising in October will drive the per vote amount up, and a much higher turnout of votes will drive the per/vote amount down.

Market is looking to forecast whether the Jan-Oct. warchest divided by the number of votes will be greater than $10.00 per vote.

Settlement details:As reported by a major mainstream news source.

 
Forecast history %
Yes
53%
No
47%
Settled as No on Wed 26th Nov 2008 8:27pm PST

Suspend date: Mon 3rd Nov 2008 3:59pm PST
Settlement date: Wed 26th Nov 2008 8:27pm PST
Prediction cut-off: Predictions on this question after Mon 3rd Nov 2008 3:59pm PST have been voided because they were made after the question could be settled

Initial likelihoods: Yes: 50%

Action history:

Created Wed 22nd Oct 2008 8:22pm PST by valornhonor
Suspended Mon 3rd Nov 2008 3:59pm PST : Suspend date reached
Settled as 'No' Wed 26th Nov 2008 8:27pm PST by destry[Admin]: The 2008 Presidential Election was the most expensive in American history. Obama out-spent John McCain by a considerable margin: McCain's campaign spent $6.33 per vote recieved, and Obama spent $9.88 per vote.

Suspend date: Mon 3rd Nov 2008 3:59pm PST
Settlement date: Wed 26th Nov 2008 8:27pm PST
Prediction cut-off: Predictions on this question after Mon 3rd Nov 2008 3:59pm PST have been voided because they were made after the question could be settled details

 

Predictions (64)

1 year ago
chuck predicted No (H$40 at 47%)
1 year ago
damian_gunning predicted Yes (H$20 at 53%)
1 year ago
talkinggoat predicted Yes (H$61 at 53%)
1 year ago
thomismydad predicted Yes (H$1,000 at 51%)
1 year ago
phred predicted Yes (H$50 at 50%)

Comments (13)

I was trying to originally do this market using the price of a chicken in every pot, but it became too cumbersome to find a static price for a chicken.
posted 1 year ago
  2 randburg
Very interesting, thought-provoking and newsworthy question. While we have been listening to astronomical amounts raised and how John McCain seems "poor" by comparison to Obama, this question helps us all to get the picture into perspective. Where do I apply for a $10 refund?
posted 1 year ago
@ randburg,

Sorry you're ineligible for a refund as your $HD balance is in excess of $250,000. It's going to some other "Joe."
posted 1 year ago
Wow. This goes to show a new era in politics. If you cant win the election through something the people want to believe in, buy it! After this election i bet the republicans are going to be steamed and pouring more money than ever into the next election! We could see 10, 20, or even 30 dollars a vote! I wonder how much ralph nader spends per vote? Does he get public financing?
posted 1 year ago
  5 randburg
@valornhonor,

You're right! I won't be elgible under Obama's tax initiative. (Sigh). It's only hubdub dollars!

But here in Texas -- as you know -- we're not seeing much campaign advertising at all. This is MCCAIN country and I don't see many ads for either side on tv. But what really counts for me is not targeted advertising, but what I see on all four debates, daily clips from news reports, and interviews when they occur. That's where I made up my mind, and I have already "early-voted".

Now I can watch it play out on hubdub...
posted 1 year ago
  6 destry[Admin]
Lets remember that Giuliani spent 50 million dollar for 1 delegate in the Primary. In Florida it cost him about $170 a vote, and still came in 3rd.
posted 1 year ago
@dragonfangxl - You are correct. This is a new era in politics, since Obama is the first presidential candidate to reject public financing. There were over 3 million contributors to the Obama campaign who gave less than $100.
posted 1 year ago
Wow, I launched this Q. with a 50/50 split on whether the Obama campaign would end up spending at least $10 per eventual vote and now it's sitting @ 33% Yes.... we'll see...
posted 1 year ago
$10/vote should be a cake walk considering recent trends.
posted 1 year ago
Let's see... Min $498M through September... another $36M or so through first two weeks of October http://elections.foxnews.com/2008/10/24/obama-fundraising-drops-million-october/.... $534M... I guess this will be closer than I thought.
posted 1 year ago
  11 gtown[Power User]
This site claims $639 million raised and $573 million spent:

http://www.opensecrets.org/pres08/summary.php?cycle=2008&cid=n00009638

Either way that's less than the $667 million needed to reach $10/vote.

Not sure how final the numbers are.
posted 1 year ago
I wonder what the record for total money spent is? Whatever it is Obama must have beaten it.
posted 1 year ago
12 cents? I missed this by 12 cents?! Good grief.
posted 51 weeks ago

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