U.S. Elections: Money Matters

So far, Hillary Clinton's campaign has raised substantially more money than Donald Trump's but has cash ever really made a difference to U.S. election results down through the years? According to figures in Germany's Handelsblatt newspaper (which have since been converted from euro to dollars), all of the election winners in recent years were also budget winners. Obama raised more money than Romney and McCain in 2012 and 2008, going on to win on both occasions.

George W. Bush also took the White House in 2004 and 2000, having raised more money than his competitors on both occasions. The pattern repeated itself with Bill Clinton outmuscling his opponents financially in 1996 and 1992 before winning both elections. Based on that evidence, is Trump going to buck the trend and become the first “budget loser” to reach the White House since Jimmy Carter in 1976?

Description

This chart shows the campaign budgets of U.S. presidential candidates.

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Campaign finances in the U.S. presidential elections 2012 by candidate as of October 26, 2012 (in million U.S. dollars)
Fundraising and spending in U.S. presidential elections from 1976 to 2016 (in million U.S. dollars)
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Total amount fundraised among U.S. 2020 presidential election candidates, as of October 15, 2020 (in million U.S. dollars)
Funds raised by super PACs and other PACs for the U.S. presidential election, by supported candidate, as of June 22, 2016 (in million U.S. dollars)
Sources of raised money by Barack Obama and Mitt Romney in the 2012 elections as of October 2012 (in million U.S. dollars)
Total funds raised by candidates for the U.S. presidential elections as of June 22, 2016 (in million U.S. dollars)

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