This post is written by Haakon, Heidi & me.
You can find our assignment here, but basically we found questions regarding the election today and we’ve answered them here.
How much money have the two parties spent and raised during the campaign, as of today?
Combined, according to NYTimes, the two parties have spent $1605.2 million.
They have raised a total of $1815.8 million (As of today).
Obama has raised a total of $934 million and used $852.9 million, which means that he has $134.7 million in hand. At the same time Mitt Romney has raised $881.8 million and he has spent $752.3 million. If you did the math Romney has $193.3 million up his sleeve.
According to NYTimes both parties used most of their money in September.
The top three donors are:
An Obama bundler and Chicago media mogul. – $3.5 million
James H. Simons
President of Euclidean Capital and Board Chair of Renaissance Technologies Corp., a hedge fund company. – $3.5 million
Chief executive of Dreamworks Animation. – $3 million
Billionaire casino owner and Newt Gingrich’s longtime friend and patron. – $10 million
Physician; wife of Sheldon Adelson. – $10 million
Bob J. Perry
Houston homebuilder who was a major financier of Swift Boat Veterans for Truth in 2004. – $10 million
When I here refer to Obama & Romney, I do actually mean Barack Obama+Democratic Party + Priorities USA Action Super PAC and Mitt Romney + Republican Party + Restore Our Future Super PAC.
What will be the consequences if Obama is reelected? What will happen is Romney is elected as president?
I found a great list of consequences if Obama is reelected. Depending on where you stand they can be good or bad.
– Making education and training a national priority
– Building on our manufacturing boom
– Boosting American-made energy
– Reducing the deficits responsibly by cutting where we can, and asking the wealthy to pay a little more
– Ending the war in Afghanistan, so we can do some nation-building here at home
– Ending tax deductions for companies shipping jobs overseas
– Investing in domestic energy sources including wind, solar, clean coal, nuclear, and biofuels
– Doubling fuel economy of cars and light trucks to 54.5 mpg by 2025
– Recruiting and preparing 100,000 math and science teachers
– Cutting taxes for small businesses that hire new workers or increase wages
– Oppose efforts to gamble Social Security on the stock market
– Stop proposals to turn Medicare into a voucher system
– Possibly nominate up to 4 Supreme Court justices
What will be different if Mitt Romney is elected?
– There will be less tax.
– His health care plan will make you pay for basic services.
– He supported the invasion of Iraq, will he make the army invade once again?
– According to Wikipedia, his goal is to make 12 million new jobs in his first period, if elected.
– Romney believes the government should invest more in technologies that will help the United States, such as powergeneration, fuel cells, nanotechnology, and materials science. (Source)
– He called Russia’s president Vladimir Putin a threat to the stability and peace of the world. If elected they will probably not be more of a threat after this statement.
No one really knows the true consequences, they can predict, but never be 100% accurate.
Obama VS Romney
The main difference between the two candidates’ political view is more than one thing. I will write about some of the differences here, but not about all of them.
The economy is the most interesting and important question in this campaign. Obama will repeal President Bush’s tax cuts for household earning more than 250 000$. Obama wants lower taxes on manufacturing industry and stimulus spending and tax cuts to grow the economy. Romney wants to make Bush taxes permanent. He wants to preserve across the board to 25%. Romney wants to cut taxes and regulations to encourage business.
Health is another important issue. In 2010, Obama signed the healthcare bill. Obama wants health insurance for everybody. He wants to people without insurance to buy it. Romney wants to invalidate Obama’s health law, even though he signed a similar law in Massachusetts. Mitt Romney also wants to hand over most of the health policy to the states.
Obama used his presidency to give a group of illegal immigrants the rights to live in the USA. Romney criticizes Obama on this topic, but he says he won’t invalidate the rules. Romney’s solutions include building a border fence.
Many women are very fond of President Obama’s support for women rights. Romney has another political view on women’s rights. Romney is against abortion, even if it is rape or incest and Obama is in favor of abortion.
Who will become Americas next president?
– Most likely Obama will continue to be the president of the United States, even though it will be a tight race with Romney.
And as always, thanks for reading!