In response to:

SuperPACs and "Wasted Money"

TunTavern Wrote: Nov 08, 2012 11:20 PM
I thought the GOP were supposed to be smart businessmen. Don't they like to say: "You can't just throw money at a problem and hope that will fix it!" And don't they like to say: "You can't just keep spending other peoples money!" Well... aren't those two things EXACTLY what Rove did regarding this election?
NullifyNow Wrote: Nov 09, 2012 6:08 AM
Tun
A political campaign is not a business. DUH

I thought leftists were supposed to be smart.
wtmoore1 Wrote: Nov 09, 2012 11:57 AM
Karl Rove didn't run for office, nor did he have a candidate campaign fund. So, without debating the status of American Crossroads as non-profit or for-profit too much, he does have to run the org like a business in the strictest sense.

(Gross-Expenses = Profit; non-profits simply refer to profit as residual revenue, and invest it in their org in other ways rather than returning it to the shareholders in the form of dividends. But that doesn't make the administration of the org any less business-like.)
oldervoter68 Wrote: Nov 09, 2012 1:05 AM
To that I would say, Rove spent money his PAC received from willing givers.
Panda Wrote: Nov 09, 2012 4:58 AM
Fantastic point, oldervoter!

Tun, you have been slammed!
wtmoore1 Wrote: Nov 09, 2012 11:54 AM
I think his point is that he spent it unwisely, so therefore, since the donors didn't receive even close to the return on investment they were promised, it amounts to throwing money at a problem, and just wasting other people's money.

I mean, investment bankers get people's money willingly, but that doesn't mean you can do whatever you want with it. I would argue that Bernie Madoff received his money from "willing givers" as oldervoter points out, but he is still the epitome of "spending other people's money."
Much digital ink and wind is being expended today on the interwebs and cable TV lamenting the ineffectiveness of outside spending from conservative-aligned groups in electing Republican candidates. Indeed, some of the largest groups spent incredible amounts of money to what looks to be little effect. Many Republican candidates who had large SuperPACs behind them lost, and in what looked to be winnable races. This wasn't just Mitt Romney - it was down the ballot with candidates like Josh Mandel, Scott Brown, Tommy Thompson and George Allen.

The Washington Post's headline is "Spending by independent groups had little...