Who do you think is most to blame for the fiscal impasse?

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The Obama camp spent the most in topping 1 million advertisements aired, but Romney's supporters did their part, too.

By Bruce Kennedy Nov 5, 2012 3:44PM

CorbisA new study confirms what most of us felt during this year's presidential campaign: that far, far more campaign ads aired this year than in previous elections.

According to the Wesleyan Media Project, the two major candidates, along with their respective party organizations and supporting interest groups, sponsored 1,015,615 presidential ad airings on local broadcast and national cable between June 1 and Oct. 29. That's an increase of more than 39% over the 2008 election and a 41% rise compared with 2004's.


Nearly $1 billion has poured into campaign ads for both sides. Here are some other ways to have spent that cash.

By Kim Peterson Nov 5, 2012 3:18PM
A politician counting money in front of the US Capitol Building -- Antenna, fStop, Getty ImagesAmericans of all political stripes can breathe a sigh of relief Tuesday as the torrent of presidential campaign ads finally fades away.

The onslaught of television and radio advertising has been relentless, and new numbers show that ad spending from the campaigns and external groups has totaled nearly $1 billion. A new study from NBC News and SMG Delta put the total at $968 million at last count.

Ad spending hit a new record in the last full week before the campaign, when $143 million poured into the airwaves and other sources.

It's pretty easy to guess which state is getting the most ad spending: Ohio, according to NBC. That's followed by Florida, Virginia, Colorado and North Carolina. 

If Nate Silver's prediction of an Obama victory proves to be correct, the media's rule book will need to be rewritten.

By Jonathan Berr Nov 5, 2012 2:08PM
Who would have thought that the words "epistemological watershed" would be used to describe the 2012 presidential election? 

That's the phrase Nate Silver of The New York Times' 538 blog used to describe the contest between Barack Obama and Mitt Romney, and it's on the money largely because of him.

By the way, Merriam-Webster defines "epistemology" as "the study or a theory of the nature and grounds of knowledge especially with reference to its limits and validity."  (Don't feel bad if you didn't know the word, because I had to look it up, too. ) 

Organizers said the event would help post-hurricane reconstruction efforts, but the controversy grew too large.

By Bruce Kennedy Nov 2, 2012 4:11PM

While New York continues to tally personal and economic losses in the wake of Superstorm Sandy, the city finally put an end Friday to what was literally a running controversy: Should the the New York City Marathon continue as scheduled on Sunday?

After a day of would-they-or-wouldn't-they speculation, city officials decided late Friday to cancel the event. The decision directly addressed very vocal outrage about whether New York should divert essential funds and resources to a race when parts of the city remain torn apart, without power and other essential utilities. There was also the issue of holding what's usually a festive event in the midst of an ongoing tragedy. 

The time for promises is almost over, and soon the work will begin. Here are the key economic points to keep any eye on.

By Anthony Mirhaydari Nov 2, 2012 4:06PM

It's a full-on sprint to the finish for President Barack Obama and GOP challenger Mitt Romney as polling in battleground states remains within the margin of error. It's going to be a photo finish after months of negative attack ads, heated political discourse on the direction of the country and wildcards like curiously strong jobs numbers and the aftermath of Sandy.


Here are three things to watch for starting Wednesday morning after the president for the next four years -- save some unforeseen Election Day fracas or contentious recount -- is unveiled. 


Pundits (and anyone else with a bold prediction about Obama vs. Romney) should put their money where their mouths are. And they can.

By MSN Money Partner Nov 2, 2012 3:52PM

Dice on stock listings © Kate Kunz, CorbisBy Brett Arends for MarketWatch


A friend of mine bumped into two acquaintances earlier this week. They arehttp://www.marketwatch.com/ die-hard Republicans. They are serenely confident. “Mitt Romney has this in the bag,” they said. Other friends of mine, also Republicans, are in a similar zone.


Meanwhile, oddly enough, my Democratic friends are also confident. “Obama’s going to win,” they keep telling me. Liberals tend to be a pessimistic bunch, but not this time. Apparently they are sleeping easily.


It’s surreal. Normally, with an election this close, everyone’s on edge. This time everyone has already ordered champagne. Half of the country is going to wake up next Wednesday is a state of total shock.


If you think the amateurs are confused, look at the professionals. The election nerds. The numbers guys. For them, it’s spreadsheets at dawn. But they shouldn't just offer an opinion. They should offer a bet.


The private equity firm's leveraged buyout of the now-defunct retailer calls into question Romney's claim to be a job creator.

By MSN Money Partner Nov 2, 2012 2:57PM

BananaStock, SuperStockBy Karen Aho, MSN Money contributor


For Diane Simpson, this presidential campaign has been almost too tough to watch.

Simpson, 53, lost her job three years ago when KB Toys, the company where she spent half her life, shut its doors for good. The toy chain had slid into bankruptcy in 2004 after being acquired by Bain Capital.


"It just brings it all back," she said. "It's still emotional."


Bain Capital is the famous -- critics say infamous -- investment giant founded and run so successfully by Republican presidential challenger Mitt Romney.


The president never fully met expectations set by his groundbreaking 2008 victory -- a disappointment Romney constantly reminds voters of.

By The Fiscal Times Nov 2, 2012 2:20PM

By Josh Boak, The Fiscal Times


President Barack Obama never fully delivered on the expectations set by his groundbreaking 2008 victory. It's a disappointment that Republican rival Mitt Romney constantly reminds voters about at campaign rallies this year.


Less than a week before the Nov. 6 election, the president was defending his record in Wisconsin.



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[BRIEFING.COM] The major averages ended the midweek session with slim gains after showing some intraday volatility in reaction to the release of the latest policy directive from the Federal Open Market Committee. The S&P 500 added 0.1%, while the relative strength among small caps sent the Russell 2000 higher by 0.3%.

Equities spent the first half of the session near their flat lines as participants stuck to the sidelines ahead of the FOMC statement, which conveyed no changes to the ... More


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