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Press Release

POLITICS AND ECONOMIC IMPACT

October 21, 2014

ALBUQUERQUE, N.M. - The total cost of the 2012 general election was $6.3 billion, up from $5.3 billion in 2008. The cost of midterm elections has been on the rise as well, with $3.6 billion spent in 2010 versus $2.8 billion in 2006 and we are on pace to eclipse the $4 billion mark for the 2014 election. On Wednesday, October 29 the Anderson School of Management will host a presentation by UNM Political Science professor Dr. Michael Rocca examining the economic impact of politics.

Much of the recent increase in campaign spending is attributable to the dramatic rise in outside spending. Indeed, the 2012 presidential election saw a 594% increase in independent expenditures from the 2008 election. Furthermore, a quarter of this spending was so-called dark money, or spending by groups not required to disclosure their donors.

In his presentation Dr. Rocca will explore the following questions in light of the quickly changing landscape of campaign finance. First, what distinguishes the different types of spending? Second, where does the money come from and where does it go? And, finally, what does it buy?

The lecture will take place in the Jackson Student Center on the UNM Anderson campus on October 29 from 2:00 to 3:30 p.m. and the public is welcome. Parking is available in the nearby Yale Parking Structure for a fee. No cash is accepted, only debit or credit cards.

Founded in 1947 and named for New Mexico oil man and longtime ARCO/Atlantic Richfield CEO Robert O. Anderson in 1974, the Anderson School offers more than a dozen concentrations at the BBA and MBA levels and is accredited by the Association to Advance Collegiate Schools of Business in the top 20% of business schools in the nation. The School is funded by the State of New Mexico and further support is generated by the Anderson School of Management Foundation. For more information, the public can visit www.mgt.unm.edu, email info@mgt.unm.edu, or call (505) 277-6471.

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The Anderson School of Management at the University of New Mexico is dedicated to excellence in professional management education. At the Anderson School, faculty, staff, and students are committed to shaping the intellect and character of the next generation of business leaders, advancing the knowledge and practice of management, promoting economic development, and building a vibrant intellectual community that serves the highest and best interests of all our stakeholders.

The School was founded in 1947 and now offers more than a dozen concentrations at the BBA and MBA levels and is accredited by the Association to Advance Collegiate Schools of Business in the top 20% of business schools in the nation. The School is funded by the State of New Mexico and further support is generated by The Anderson School of Management Foundation. For more information, the public can visit www.mgt.unm.edu, email info@mgt.unm.edu, or call (505) 277-6471.

PHOTOS, INTERVIEWS, AND FURTHER INFORMATION AVAILABLE ON REQUEST