Will Republican Megadonors Say Sayonara to Super-PACs?
motherjones.com — Can't buy me gov. That line neatly sums up the dismal showing on Election Day for the fundraisers, super-PAC strategists, and big-dollar donors of the Republican Party. Outside groups spent north of $1 billion this campaign season—bankrolled mostly by a small cadre of wealthy contributors—and yet they and their funders, especially on the Republican side, were left with little to show for it when the sun rose Wednesday morning. The GOP's flagship super-PAC, Karl Rove's American Crossroads, had an abysmal 1 percent return on its $104 million investment. Megadonor Sheldon Adelson and his wife, Miriam, invested $57 million in 2012 races; only 42 percent of the candidates who received Adelson support won. Other big donors—say, Romney super-PAC backers—got nothing for their money. Rove and his allies are bound to have a bunch of angry rich guys on their case. Which begs the question: Will the Republican Party's biggest bankrollers stick by Rove, super-PACs, and politically charged nonprofits—or do they shut their wallets and move on?