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Money is nothing new to politics but the rules have changed and the result.
Has calculators overloading chief political correspondent Carl Cameron is here tonight Carl let's start with the focus.
Of the president's campaign and the attacks on Mitt Romney shifted from really private to public that's right.
The president's first two TV commercials.
Blasted Romney for the -- his old Swiss bank account they call -- a vampire for his days of being capital.
The new attacks are gonna focus on Romney's record -- bay state governor is public record.
For starters they're gonna go after Massachusetts and his record there 47 out of fifty states and job creation.
Team Romney calls that misleading because during three years of -- three of -- four years in office.
There was actually a net job gain an unemployment fell from five point six to four point 7%.
So those numbers -- Romney's favor he was considered a popular governor of Massachusetts had bipartisan support.
Which basically means -- that the Democrats are gonna have to go extra hard pummeling him to try to overcome that -- Outside of the -- you've been reporting a lot on the outside groups in the amount of money let's talk money -- -- well.
When Obama advisors -- a year ago that there are gonna raise a billion dollars jaws dropped all over the country and they're not dropping anymore.
Under the new campaign rules.
The really big money is actually going to so called independent expenditures mostly outside groups the super pacs it's -- When Romney clinch the nomination just last night this morning planned -- and -- package immediately endorse the president.
And ran up a one point four million dollar attack ad on Romney for being pro life in Florida and Iowa.
Big labor says it's gonna raise and spend about a half a billion dollars on the president's reelection other left leaning special interest groups and they're -- -- -- another half a billion.
On the right you have the US chamber of commerce.
Super pacs like Carl rose group crossroads America and the benefit and the beneficiary of the money from billionaires like the Coke Brothers.
You put all that together yet in the gubernatorial races the congressional races etc.
we're looking at four to five billion dollars in ads in the next five months.
45 billion that unbelievable that before anything close to.
Carl thank you.
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