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Rove Biggest Super-PAC Loser
Key Excerpts from Article on Website of Bloomberg Businessweek
Posted: November 13th, 2012
http://www.businessweek.com/news/2012-11-07/rove-biggest-sup...
Karl Rove and his investors were the biggest losers on Election Day. The Republican strategist created the model for outside money groups that raised and spent more than $1 billion on the Nov. 6 elections -- many of which saw almost no return for their money. Rove, through his two political outfits, American Crossroads and Crossroads Grassroots Policy Strategies, backed unsuccessful Republican presidential contender Mitt Romney with $127 million on more than 82,000 television spots. Down the ballot, 10 of the 12 Senate candidates and four of the nine House candidates the Rove groups supported also lost their races. The Election Day results showed Roves strategy of bringing in huge donations from a few wealthy benefactors and spending that money almost completely on television advertising failed. The Center for Responsive Politics estimates the two Crossroads groups spent about $176 million, making them the top non-candidate and non-party spender of the election. Rove has bragged of raising more than $300 million for his groups. American Crossroads, a super-political action committee, discloses its contributors and spending to the Federal Election Commission. Its affiliate, Crossroads GPS, is organized as a nonprofit social-welfare group that conceals its donors and reports only a fraction of its political activities. The return on investment for American Crossroads donors was 1 percent, according to an analysis by the Sunlight Foundation, a Washington-based group that advocates for open government.
Note: This article fails to mention Rove's highly disturbing involvement in clandestine manipulation of the vote count, which has been documented by excellent researchers such as Bob Fitrakis and Harvey Wasserman. For more on this most important news that never got reported in the major media, click here and here. And for an excellent, incisive essay showing how the elections integrity movement helped to protect the recent U.S. elections, click here.
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