So many bucks, so little bang

By Laurie Bennett

November 7, 2012 at 8:41am

One of the big losers Tuesday night was the billionaire-financed political campaign.

Despite a culture spawned by the Citizens United decision, super PACs and tax laws that encourage unreported donations, a small group of ultra-wealthy people was unable to buy the White House.

The multimillion-dollar fortune shelled out by casino magnate Sheldon Adelson, the Koch brothers and other Republican one-percenters wasn’t enough to snare victory for their chosen candidate, just as it hadn’t been enough to land the GOP nomination for Newt Gingrich.

Super PACs and other outside groups spent more than $1 billion in this election.

But votes, many cast by women and minorities ignored or even scorned by those groups, still mattered more than dollars.

We’re not blinded by our morning-after bonhomie. Big money isn’t going away. We will probably never see another presidential campaign that costs less than $1 billion.

But seven-figure contributions given by an elite and managed by Karl Rove and company did not bring success, even when masked as “grassroots” efforts such as the Koch-funded Americans for Prosperity.

That message is just as important as the Democratic victory.

Follow Muckety on Twitter Tweet This! Share on Facebook

Click here to sign up for the Muckety Newsletter

 Read related stories: Kochs · Politics · Recent Stories · Top one percent  


  • There are no comments yet, be the first by filling in the form below.

Leave a Comment

The relationship map to the left is interactive.
• Solid lines are current relations. Dotted lines are former relations.
• Expand items with + signs by double-clicking or by selecting multiple items in the map and pressing the "e" key.
• Move an item in the map by clicking and dragging.
• You can also delete items, separate boxes and save maps. Right-click on the map or select Map Tools for these options.
• Find out more about an item in the map by right-clicking on the item and choosing Information about...
• View map color key.
• This interactive map requires Flash player.

Become a fan of Muckety on Facebook

  • Search for stories
    Special Features

Follow Muckety on Twitter Follow Muckety on Twitter
Muckety has no direct connection to most of the people or organizations listed on these pages.
We are unable to forward personal messages or provide personal contact information.
We make every effort at Muckety to ensure that our data is correct and timely. However, relationships are in constant flux and we cannot guarantee accuracy. If you come across incorrect or outdated information, please let us know by email.
© 2017 Muckety LLC