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   Obama’s Campaign Spending Places Third Behind $72 Billion Candidate

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9/26/2011 5:30 pm

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Entered 9/26/2011, Updated 9/26/2011

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Several political pundits predict that President Barack Obama’s 2012 campaign could report spending $1 billion by Election Day. If he does, it will only be a small fraction of the amount reported so far by White House hopeful Lee Mercer. The Texas Democrat has reported raising and spending an incredible $72 billion on his presidential bid through the end of June on his latest disclosure statement to the Federal Election Commission. Mercer said this massive sum, which is about 6,200 times larger than Obama’s reported expenditures, is not a typo. Instead it is the costs associated with some non-traditional research techniques and electioneering activities. “We are doing a survey,” said Mercer, who lists Janet Reno as one of his campaign’s treasurers. “Everybody in the United States is on a hot-wire. It’s something like a little chip that was approved by Congress to be put into people’s heads.”


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