Question

What is your take on the amount of money politicians spend on political campaigns? Does it have a positive/negative impact on the economy? USA PRESIDENTIAL ELECTIONS

Answer 1

The amount of money spent by the politicians during political campaigns is indirectly circulated back to the economy, led by advertisement expenses, which are earned by media outlets, which then employ more people and there is an increase in employment. In a way, overall it increases the money in circulation and generates employment opportunities which are especially essential during times of lower demand conditions.

Thus it has a positive impact on the economy in terms of generating income and increasing the economic output of the country. Higher spending also increases the level of public knowledge regarding the candidates and builds public trust. The disadvantaged group of people get access to the right information via expenditure on political campaigns and are greatly made aware of the current issues and concerns.

The amount of money spent by the politicians should be on par with those of other candidates, so that there is no discrepancy in terms of level of visibility. Political campaigns in general increase the public trust in the economy, seeks to gain attention and tries to involve all sorts of communities whether they are advantaged or disadvantaged. This leads to a greater level of public knowledge and participation which enhances the level of democracy in a country.