First, he collected $750 million while running as a senator. He'll now be running as a president, which should allow him to clean up financially to an even greater extent, thanks to the power of incumbency.Considering that the opposition candidate will have to raise a like amount to even hope to unseat an incumbent president this will be a squandering of cash at unprecedented levels. The picture shows 10 million $100 bills stacked on 12 pallets. No wonder these candidates are out of touch with reality.
Second, the continued development and maturation of Internet fundraising over the past four years means that the $500 million - yes, you read that right - that Obama raised online in 2008 could well be topped in 2012, noted Ben Ginsberg, a top Republican lawyer who served as an adviser to former Massachusetts governor Mitt Romney's 2008 presidential bid.
It may just be time for some election finance reform.