$1 billion needed for White House Race

The Washington Times has reported that the chairman of the Federal Elections Commission (FEC) predicts that 2008 will produce the first $1 billion presidential race, and that $500 million is needed from each party's candidate in order to compete.

FEC Chairman Michael E. Toner said that nominees would need to raise up to $500 million for their campaigns and that the "entry level" for getting into the presidential nomination campaign as a serious contender will be $100 million by the end of 2007.

Hmm, maybe Bill Gates can make a run for the White House or maybe the Google founders can just cash some of their stock and buy the presidential mansion at 1600 Pennsylvania Ave.

Any bank willing to give me a $1 billion loan?

Honestly, there should be a campaign to buy every American a TiVo, then we can speed through all the political ads and junks that are going to flood the media waves over the next two years.