A "return on investment" is a concept better known to Wall Street than to Washington. But after President Obama and the Democrats won most of the close elections last week there are questions about the seven- and eight-figure "investments" made by dozens of conservative donors.
During the election season, it was pretty common to hear about donors making "investments" in superPACs and other outside groups, rather than a "political contribution," perhaps because the phrase has a sort of taint to it.
Casino magnate Sheldon Adelson at the presidential debate between Mitt Romney and President Obama, in Denver on Oct. 3. Adelson invested millions in an effort to help elect Romney — but only after bankrolling a superPAC for former House Speaker Newt Gingrich in his anti-Romney Republican primary battle.
Credit Nicholas Kamm / AFP/Getty Images
Republican strategist Karl Rove's on-air refusal to accept his own network's election night call putting Ohio in President Obama's win column dominated the blogosphere Wednesday.
And, why not? Rove's Crossroads political money empire had showered Republican candidates with close to $300 million this election cycle, a funding gusher courtesy of the 2010 Supreme Court's Citizens United decision and other recent court decisions.
Karl Rove, former adviser to President George W. Bush, speaks last year in Corpus Christi, Texas. Rove is the chief fundraiser for the biggest outside spender this election season: the twin groups American Crossroads and Crossroads GPS.