Originally posted on June 1, 2007 on Peter's old MySpace Blog. Used as a reference in commemorating Blog 3000 on April 16, 2013
Just to let everyone know - 2008 will be a very important year in our lives. This will be the first election without incumbents since 1952.
If you have no idea what that means; when a United States President leaves office, his Vice President is more often than not considered a leading candidate and likely nominee to succeed him.
2008 will mark the first time since 1952 in which there is neither and incumbent president nor an incumbent vice-president running in the presidential election.This will also be the most expensive election in American History.
In January 2007, Federal Election Commission Chairman Michael Toner stated that the 2008 U.S. presidential race will be "the most expensive election in American history". Toner estimated that the 2008 race will be a "$1 billion election", and that to be "taken seriously", a candidate will need to raise at least $100 million by the end of 2007.