Speaker 1: Welcome to brain Stuff from How Stuff Works. Hey, brain Stuff,
Speaker 1: Christian Sagger. Here, here's some good news for the Americans
Speaker 1: out there dreaming of being president. It turns out the
Speaker 1: job requirements are surprisingly simple. You just have to be
Speaker 1: a natural born US citizen thirty five years or older
Speaker 1: who's lived in the US for the past fourteen years.
Speaker 1: But of course there's another factor here, money. So how
Speaker 1: much does it actually cost to run for president? Well,
Speaker 1: good news, registering as a presidential candidate isn't actually that expensive. First,
Speaker 1: you need to fill out, surprise, a government form. It's
Speaker 1: called the Statement of Candidacy or FEC Form two, and
Speaker 1: you're required to submit this within fifteen days of becoming
Speaker 1: a candidate. So when does an average Jane or Joe
Speaker 1: become a candidate? According to the FEDS, you're automatically a
Speaker 1: candidate once you're team has either received five thousand dollars
Speaker 1: in contributions or racked up five thousand dollars in campaign expenses.
Speaker 1: You can view the list of candidates online and it's
Speaker 1: a long one. In June, the FBC listed one thousand,
Speaker 1: seven hundred and seventy two candidates. That's right, you are
Speaker 1: just five thousand dollars away from joining such influential Americans
Speaker 1: as Donald Trump, Hillary Clinton, Bernie Sanders, Obi One Jedi, Kenobi,
Speaker 1: and Nicki Minaj. Yeah. Really so. Hypothetically, if you've paid
Speaker 1: five thousand in campaign costs, you mail the form and
Speaker 1: we include the cost of the stamp, you're looking at
Speaker 1: just over five grand. That's that's not so bad. But
Speaker 1: remember there's a big difference between running for president and
Speaker 1: actually winning, so to campaign successfully, you're gonna need more
Speaker 1: than five thousand bucks. Your next step will be getting
Speaker 1: on state ballots, and each state may have different rules
Speaker 1: outlining how you can do this. Unless you're already established,
Speaker 1: you'll need petitions. For example, in Democratic candidates needed either
Speaker 1: one percent or five hundred signatures from Democrats in each
Speaker 1: of California's districts, but there were over fifty districts. This
Speaker 1: means you'll need a volunteer campaign, along with advertising and
Speaker 1: probably a paid staff. While it's possible to be a
Speaker 1: write in candidate, it's not probable that you'd be able
Speaker 1: to garner any significant numbers that way. Caucus states like
Speaker 1: Iowa just require enough people to show up and cast
Speaker 1: a ballot for you, but there are hundreds of caucuses
Speaker 1: in Iowa alone. You'll need a strategy to reach these voters,
Speaker 1: which again means you'll need a staff. You'll also need
Speaker 1: money for advertising, travel, and more. The cost of pizza
Speaker 1: for volunteers alone could run into the tens of thousands
Speaker 1: of dollars over time. By this point, the campaign has
Speaker 1: already become mass of the expensive. Luckily, you've got contributors.
Speaker 1: Virtually no viable candidate is going to be self funded. Instead,
Speaker 1: the average would be President receives contributions from individuals, parties, corporations,
Speaker 1: political action committees, and so on. Uncle Sam has different
Speaker 1: limits on how much money these entities can contribute during
Speaker 1: the primary and general elections. While every campaign is different,
Speaker 1: there are some definite trends. For instance, each recent campaign
Speaker 1: seems to be more expensive than the last. According to
Speaker 1: the FBC, President Obama's twelve re election campaign raised six
Speaker 1: hundred and eighty three point five million dollars. Contributions from
Speaker 1: the Democratic Party and other outside groups raised the total
Speaker 1: to around one point one billion dollars. The entire twelve campaign,
Speaker 1: all parties combined, was estimated to cost two point six
Speaker 1: billion dollars. Pundits fundraisers and other policy wonks predicted the
Speaker 1: twenty sixteen campaign would top these numbers, with the Clinton
Speaker 1: campaign alone rumored to possibly reach one point five to
Speaker 1: two billion dollars. These numbers lead speculators like the Economist
Speaker 1: to predict that the election may eventually ring in at
Speaker 1: an unprecedented five billion dollars. Does this mean you have
Speaker 1: to be a multimillionaire to become commander in chief? No,
Speaker 1: but it does mean you'll need millions of someone's dollars
Speaker 1: to ensure your voice is heard amid the din of
Speaker 1: all the other candidates vying for the public's attention. In
Speaker 1: two thousand four, George W. Bush spent three hundred and
Speaker 1: sixty seven million dollars for re election, while the John
Speaker 1: Kerry campaign spent three hundred twenty eight In two thousand
Speaker 1: and eight, the first Obama campaign spent seven hundred and
Speaker 1: thirty million dollars, with the McCain side spending three d
Speaker 1: and thirty three. As we saw earlier, the Obama re
Speaker 1: election push cost six hundred and eighty three million dollars
Speaker 1: compared to the Mitt Romney campaigns four hundred and thirty
Speaker 1: three million. Now do you notice a pattern In recent elections,
Speaker 1: it seems the folks who spent the most ended up
Speaker 1: in the White House. If this trend continues and you
Speaker 1: want to be president in six or later, well either
Speaker 1: start saving or start writing to your supporters. You're gonna
Speaker 1: need all the help you can get. Check out the
Speaker 1: brain stuff channel on YouTube, and for more on this
Speaker 1: and thousands of other topics, visit how stuff works dot com.