Economic class and the 2012 Presidential election

Economic class and the 2012 Presidential election

Order Description

Economic class and the 2012 Presidential election

Below are two sets of data about
– the income and wealth of the major candidates for the 2012 election compared to the median income and median wealth of the U.S. population
– the class basis of contributions in U.S. elections from 2000 through 2012

Prompt: Using these data sets, what interpretations can plausibly be formed regarding the relationship between economic class and the 2012 Presidential election? What

are the implications of the data for the two major theories (pluralist, class domination) of political
power? Your essay should draw upon lecture and readings in the course books; the length should be no less than one page and no more than two. Your homework is due

Friday, December 5 by 11pm via the course and turnitin.com.

1.) Candidates, income, wealth:

The candidates Income (2011) Wealth (range)
Barack Obama $ 844,585 $ 2.8-11.8 million
Joe Biden (VP) $ 379,000 $ 59,000-360,000
Mitt Romney $20,901,075 $ 190-250 million
Paul Ryan (VP) $ 323,416 $ 7.6 million

Obama’s income 2008: $2.7 million
Obama’s income 2009: $5.5 million
Obama’s income 2010: $1.7 million
Obama’s income 2011: $ 844,585
Four year (2008-2011) average: $2.6 million

U.S. median household income (2010): $ 49,445
U.S. median household wealth (2007): $102,500

2.) Class basis of financial contributions to all candidates in U.S. elections
from 2000 through 2012:

Corporate (capitalist class): 72 -75% of all contributions
Labor (working class): 3 – 7% of all contributions

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