2012 Election: Fat Cats Lose Big Bucks Trying to Pervert Democracy | Veracity Stew

2012 Election: Fat Cats Lose Big Bucks Trying to Pervert Democracy | Veracity Stew:

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Karl Rove’s duo SuperPacs, American Crossroads and Crossroads GPS, tops the list as the Biggest Loser. His organization spent close to $200 million trying to elect and defeat candidates across the nation. In the end, his money and influence failed to get any of his candidates elected, and he was only able to defeat 9 of the candidates he targeted.

According to Sunlight:

Turns out some of the smart money wasn’t so smart after all when it came to making political bets. This year, the pro-business GOP Crossroads fundraising combine and the U.S. Chamber of Commerce weren’t as good at picking winners as the labor movement, which appears to be one of the surprise winners of Election Day.

Sunlight calculated returns on investment for the outside groups that gave the most during this year’s general election campaign. This includes super PACs, non-profit organizations and political party committees. We left out the big committees focused solely on helping presidential contenders — Restore Our Future, which backed Mitt Romney, and Priorities USA, which supported President Barack Obama — because their won/loss percentage will be obvious from the election results.