Campaigns Cost Ooodles of Dollars

Financing a political campaign must be a trick. Mitt Romeny spent something near $40 million of his own money and Hillary Clinton recently loaned her own campaign $5 million. Then there's this from the The Washington Post...

Republican campaign operatives call it the Gramm-o-meter, the money a candidate spends per delegate won, in honor of Phil Gramm, the former Texas senator who spent $25 million and won just 10 delegates, or $2.5 million per, in 1996.

By Republican strategist Alex Vogel's calculation, Mitt Romney is giving Gramm a run for his money. The former Massachusetts governor has spent $1.16 million per delegate, a rate that would cost him $1.33 billion to win the nomination.

By contrast, Mike Huckabee's campaign has been the height of efficiency. Delegates haven't yet been officially apportioned, but roughly speaking, each $1 million spent by Huckabee has won him 20
delegates.