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U.S. Elections: Big Price Tag, Little Change

Posted on November 8, 2012 by Ken Taubes

The big surprise of Tuesday’s outcome is that the estimated $6 billion spent in support of elections across the country resulted in no change in the composition of the government. We have the same president. The House is still controlled by Republicans and the Senate is still controlled by Democrats. The Republicans fell short of expectations by losing ground in the Senate.

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Filed under: Ken Taubes, Macroeconomics, Political | Leave a Comment »