Elections are not cheap, and Presidential elections are the costliest. Furthermore, election costs consistently increase every year. Mother Jones magazine reports in 2008
that the average amount spent by the winners in the House and Senate races were $1.4 million and $8.5 million respectively. The Presidential races cost well in the hundreds of millions of dollars and 2012 surpassed the 2008 Presidential election costs as expected.
When someone loses an election, it burns all the money, time, and energy the candidate invested in their campaign. Their political party also burns their funds in the losing election. The Republicans lost the Presidency, several vital Senate seats, and several House seats in 2012. Who are the biggest losers?
Mitt Romney, the millionaire tax cheats, and offshore tax havens
Mitt Romney did fight a tougher campaign than John McCain in 2008, but Mitt was too flawed. His excessive wealth and out-of-touch personality with the middle class, his controversial business dealings and tax loopholes, his failure to be open and honest with the public, his flip-flopping on issues, his failure to reach out to the young, women, and minorities, was a recipe for disaster all along.
Mitt spent millions of his fortune on this Presidential race. That isn't the biggest loss he will face. Now that the public is better educated on the tax loopholes and offshore tax havens the super rich enjoy, there is a much greater desire to close these loopholes and tax havens. It's better for the economy and America, but hiding unscrupulous tactics will eventually backfire and you will inevitably pay the Piper.
Karl Rove, Republican Strategist and Campaign Manager
Karl Rove has been the Republican's national campaign manager since 2000. After the GOP's stunning losses in the 2012 elections, this may be his last year. This article
and other numerous very well summarizes why the GOP lost billions of dollars in 2012 and are very pissed.
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.
His two political outfits, American Crossroads and Crossroads Grassroots Policy Strategies, spend $127 million on Mitt Romney and lost
Rove publicly predicted that Mr. Romney would win with 285 electoral votes (he wrongly assumed Romney would take Ohio, Iowa, Virginia, Colorado, and Florida)
10 of the 12 Senate candidates and 4 of the 9 House candidates the Rove groups supported lost their races
The two Crossroads groups spent about $176 million
American Crossroads got a 1 percent return on its spending
Crossroads GPS fared slightly better, with a 13 percent return
Rape pseudo-experts Todd Akin and Richard Mourdock
Todd Akin of Missouri and Richard Mourdock of Indiana were running for U.S. Senate. They are both Republicans and were ahead in the polls and doing well, until they uttered their stupid comments on rape.
In August, Todd Akin stated that women who are victims of what he called "legitimate rape" rarely get pregnant.
In October, Richard Mourdock stated that pregnancy caused by rape is something “God intended” and doesn’t justify an abortion.
Then everything went downhill until both of them lost the elections. A U.S. Senate seat is very expensive, and for the GOP to lose two Senate seats that they were initially projected to win is devastating both financially and morally.
Linda McMahon of Connecticut
Linda McMahon is married to Vince McMahon and was manager and CEO of the WWE. She is rich, but she learned the hard way that money can only go so far in buying votes. After a certain limit, money only gets burned in a futile attempt to buy votes, and Linda learned that the hard way - twice.
Linda McMahon ran for U.S. Senate of Connecticut in 2010 and spent an estimated $50 million of her own money, only to lose. She ran again in 2012 and spent an estimated $47 million
, only to lose again.
A $97 million investment with a return of zero. That's a brutally harsh lesson for this Republican.
Billionaire GOP donor Sheldon Adelson
Sheldon Adelson is a billionaire from Las Vegas who owns a number of casinos and hotels primarily in Las Vegas. He donated over $53 million to hard-right Republican candidates in the 2012 election. Among the six GOP candidates receiving the largest donations from Sheldon, they all lost. Here they are.
Mitt Romney (lost President race)
George Allen (Virginia, lost U.S. Senate race)
Connie Mack (Florida, lost U.S. Senate race)
David Dewhurst (Texas, lost U.S. Senate race)
Schmuley Boteach (New Jersey, lost House race)
Newt Gingrich (lost GOP Presidential primary race)
Of the $53 million Sheldon donated to the GOP, there were some Republicans who won the smaller races, but he is 0 out of 6 in the biggest races. At least Sheldon did a hair better than Linda McMahon. Of the $53 million Sheldon invested, he got a few dollars in return. But this is still a major loss for him and the GOP.
The year 2010 was only a one time fad for the Tea Party. They lost big in the 2012 elections and the Tea Party will continue to suffer more losses and downsizing in the near future. Here are their losses in 2012, while gaining no new seats in Congress.
Rep. Joe Walsh (R-Ill.)
Rep. Allen West (R-Fla.)
Connie Mack (R-Fla.)
Tommy Thompson (R-Wis.)
George Allen (R-Va.)
Josh Mandel (R-Ohio)
Richard Mourdock (R-Ind.)
Tea Party leader Rep. Michele Bachmann (R-Minn.) barely won the election in the smallest winning margin in her history in Congress. This close call left her nervous and vulnerable, and next time she may not be fortunate.