Latest Bubble: The 2008 Presidential Election

"The chairman of the Federal Election Commission yesterday predicted that 2008 will produce the first $1 billion presidential race and that the $500 million that each party's candidate will need to compete will severely limit the field of contenders, reports The Washington Times. "'The 2008 presidential election will be the longest and most expensive in United States history,' FEC Chairman Michael E. Toner told The Washington Times."

from the Cato Daily Dispatch.


[Thanks to mihalyo.com for the image.]