Never has so much money been spent in an American political campaign with so little effect. Billionaires, both anonymous and named, threw hundreds of millions of dollars into the presidential race and several
Though they did somewhat better buying victories in races for the
The effect was blunted, in part, by the money-raising machine of the
One of the biggest flops was
Next time around will the billionaires shy away from investing in campaigns? Or will someone figure out how to use the money more effectively? A big factor -- arguably the decisive one -- in President Obama's triumph was the vast get-out-the-vote operation his campaign began to build almost as soon as the inaugural ball ended in 2009. That took plenty of money and, clearly, it was money well spent.