The AP today lays out evidence that “politics, for all its focus on the gloomy economy, is a recession-proof industry,” in that “this year’s volatile election is bursting with money, setting fundraising and spending records in a high-stakes struggle for control of Congress amid looser but still fuzzy campaign finance rules.”

Worth a read, particularly if you took the summer off from coverage of Election 2010 and are wondering, as you come in from the beach, whether there’s any money in it.

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Liz Cox Barrett is a writer at CJR.