Republican strategist Karl Rove created the model for outside money groups that raised and spent more than US$1-billion on the Nov. 6 elections — many of which saw almost no return for their money.Who woulda thunk it? Karl Rove is a more successful redistributor of wealth than any Democrat!
Rove, through his two political outfits, American Crossroads and Crossroads Grassroots Policy Strategies, backed unsuccessful Republican presidential contender Mitt Romney with US$127-million on more than 82,000 television spots, according to Kantar Media's CMAG, an ad tracker based in New York. 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 return on investment for American Crossroads donors was 1%, according to an analysis by the Sunlight Foundation, a Washington-based group that advocates for open government. The group calculated the number based on how much of the money was spent supporting winners.
For donors to sister-organization Crossroads GPS, the success rate was 13%, the group said. That's a lower return than for donations to the National Republican Congressional Committee and to the two major Democratic congressional super-PACs, according to Sunlight.