Democrats winning Georgia would create ‘uneasiness’ in the markets: Portfolio manager
Villere &Co. partner and portfolio manager Sandy Villere on his outlook for the markets heading into 2021.
With control of the U.S. Senate on the line in Georgia’s two runoff elections, ad spending is skyrocketing.
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In the seven weeks since the general election, the campaigns of the four candidates, the national political parties and outside groups such as super PACs have already shelled out roughly half a billion dollars to run spots or reserve time for TV commercials ahead of the Jan. 5 elections, according to two of the top national ad tracking firms.
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“It’s unlike anything I’ve ever seen because it’s so sustained. Every week since Thanksgiving has been what the last week before a general election normally is,” veteran Georgia-based Republican consultant Chip Lake told FOX Business.
“What makes it so different is certainly the amount of money but also the sustainability. I’ve been in this business 25 years and I haven’t seen anything that remotely resembles it,” he emphasized.
Just over $512 million has been spent to run or reserve ad time in the runoffs, according to new data from Kantar Media’s Campaign Media Analysis Group (CMAG). And AdImpact put the figure at $499 million and counting as of Thursday morning.