Karl Rove's Historically Colossal Waste of Money

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karl roveBy WALTER HICKEY

Karl Rove is the co-founder and senior advisor to American Crossroads, a multifaceted organization that has raised massive amounts of money in order to get Mitt Romney elected to the presidency.

That did not work out.

Here's how much American Crossroads spent on Mitt Romney, thanks to the records at the Center for Responsive Politics.
  • In 2012, American Crossroads' Super PAC raised $80 million.
  • Using money rolled over from a previous cycle, American Crossroads Super PAC spent $100 million this election cycle.
  • American Crossroads Super PAC spent more than 84% of that -- $84.6 million to be precise -- in independent expenditures against Barack Obama.
  • They also spent $6.5 million bolstering Mitt Romney
  • The affiliated 501(c) spent $70 million on the election, much of that in support of Mitt Romney's presidential bid.
  • In the end, Rove spent between $90 million and $160 million of other people's money on Mitt Romney. That investment did not pay off.
Some donors spent multi-millions with the belief that Rove and Romney would deliver victory, the highest donor giving $19.5 million.

All that money might explain why Rove had a televised meltdown when Fox called Ohio -- and thus the election -- for Obama Tuesday night.

More from Business Insider:
GOP Implodes After Romney Loss
Democrats Destroyed the GOP in Last Night's Senate Races
Meet the Neuroscientist Who Beat Even Nate Silver in His Election Prediction

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FRANK

Rove is a liar, cheat and thief! He got just what he deserved. He thought he could buy the election, but money and power doesn't always get you what you want.

November 10 2012 at 8:23 AM Report abuse +3 rate up rate down Reply
rebecca jean

not nearly the waste of money that obama rung up with green energy

November 10 2012 at 8:09 AM Report abuse rate up rate down Reply
lthrnck68

Wasted only because Romney lost. Had he won, I'm sure there would have been people saying Rove bought the win for Romney. Might have actually paid off if the money had been used to build housing and to provide food and clothing for eligible, needy voters.

November 10 2012 at 7:23 AM Report abuse rate up rate down Reply
danadoo

Can you say, "Witness Protection Program?" Buh-Bye to one of the WORST Americans EVER

November 10 2012 at 6:07 AM Report abuse +1 rate up rate down Reply
jchal20826

A collosal waste of money. Rove is a collosal waste of human flesh.

November 10 2012 at 2:33 AM Report abuse +3 rate up rate down Reply
stewestates1

Is this man human ?

November 10 2012 at 1:42 AM Report abuse +1 rate up rate down Reply
oneshot5555

The Republicans failed miserably and it is time for them to restore their honor by committing the Hara-Kiri.

November 09 2012 at 11:46 PM Report abuse +3 rate up rate down Reply
VERNA COMPUTER

fox news you are FIRED !!!!!!!!!!!!!!!!!

November 09 2012 at 8:43 PM Report abuse +4 rate up rate down Reply
JE WA ZA WI

You know Karl Rove guaranteed all these investors,besides himself a pretty chunk of change if Romney won .Maybe someone with knowledge of this can give everyone a clue ,as to what was in it for these investors ?The big question .Where is the money that was in Roves hands,and didn't get distributed for campaign expenditors ?

November 09 2012 at 8:35 PM Report abuse +5 rate up rate down Reply
dembaitnswitch

Barry Hussein will be happy when we get nuked by Iran, His muslim brotherhood pals .

November 09 2012 at 6:57 PM Report abuse -10 rate up rate down Reply
1 reply to dembaitnswitch's comment
brenhatestwinkie

the only thing that got nuked is your bs

November 09 2012 at 8:08 PM Report abuse +10 rate up rate down Reply