National: Carter: Can’t afford to be president today | The Times-Tribune
Jimmy Carter didn’t hesitate when asked how he would feel about running for president today. “I couldn’t possibly do it, because I have very little money,” the 90-year-old said at a press conference during a recent visit to Wilkes-Barre. “And now it takes $200 million if you want any chance to get the Democratic or Republican nomination.” Since 1976, when Mr. Carter, a Democrat, became the 39th president of the United States, campaigns — and financing them — have changed dramatically. In the early 1970s, individuals and organizations were limited as to what they could contribute to political campaigns. But campaign financing has been reshaped over the past 40 years due to a series of U.S. Supreme Court decisions.