Karl Rove, American Crossroads Organization Blows $1 Billion on Republican Campaign, Presidential Election
Nov 08, 2012 03:43 PM EST
Republican nominee for president, Mitt Romney was not necessarily the biggest loser in Tuesday's Presidential Elections, especially since Republican analyst Karl Rove spent over $1 billion through his organization American Crossroads Organization and Crossroads Grassroots Political Strategy on the Republican campaign.
Rove's organization was created as a medium to raise money from a bunch of wealthy Republican donors to help fund the Romney campaign in the 2012 elections. While there is no exact amount released as to how much Rove and other investors made from these two outlets, it is fair to assess that the returns were minimal.
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Brent Bozell, President of For America, a Christian advocacy non-profit, told the San Francisco Chronicle, "Right now there is stunned disbelief that Republicans fared so poorly after all the money they invested...If I had 1/100th of Karl Rove's money, I would have been more productive than he was."
Even Celebrity Apprentice Host Donald Trump took to Twitter to voice his opinion on Rove's decision. "Congrats to @KarlRove on blowing $400 million this cycle. Every race @CrossroadsGPS ran ads in, the Republicans lost. What a waste of money," on his Twitter page, Donald Trump@realDonaldTrump.
In a slim victory on Tuesday, Obama was declared winner of the 2012 Presidential elections. Former Governor of Massachusetts, Mitt Romney was only two percent behind in the popular at 48 percent, while Obama was at 50 percent. As for electoral votes, Obama garnered 303 electoral votes, while Romney garnered 206. The candidates needed a minimum of 270 to win.