Time Essay: Campaign Money: Prospects for Reform

As another election draws near, the voice of the moneyman is heard again in the land. There are consultants and computer programmers to be paid, speechwriters and pollsters, landlords and airlines, and—heaven help the penurious politician—the telephone and electric companies. In 1972, some $250 million was spent on federal elections in the U.S. and this year, even with no presidential campaign, the figure could approach $100 million. To raise each of those dollars, some candidate somewhere will have to give up a bit of time, a bit of energy and, in...

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