The new 1%: Karl Rove's SuperPAC's ROI is minuscule

Discussion in 'Politics, Religion, Social Issues' started by Thomas Veil, Nov 9, 2012.

  1. macrumors 68020

    Thomas Veil

    Joined:
    Feb 14, 2004
    Location:
    Reality
    #1
    At last, Trump finally says something that makes sense! :)

    Does this mean the fear of SuperPACs is overblown? I'd say it's way too early to jump to that conclusion. After all, this was only the second national election since Citizens United.
     
  2. macrumors 6502a

    jnpy!$4g3cwk

    Joined:
    Feb 11, 2010
    #2
    It may just reflect on Karl Rove. He seems to be losing his touch:



    http://www.politico.com/blogs/media/2012/11/rove-obama-succeeded-by-suppressing-the-vote-149046.html
     
  3. macrumors 68030

    bradl

    Joined:
    Jun 16, 2008
    #3
    No.. the fear of SuperPACs is definitely not overblown. It is still a, if not the biggest FUBAR to come out of Citizens United. But what Obama did, was executed a well-played campaign strategy to fight the PACs. Yes, the Blues have SuperPACs and played along with the game as much as they could (they did get outraised by the Red PACs), but they countered that with getting more people involved, and used the Walmart effect: yes, you raise a little less money, but make up for it in volume. The volume was the number of people who voted, contributed, and worked on the entire campaign at the ground.

    The Reds used money for ads, (some) fake stories passed as 'news', and the same shill served out by the same talking heads to do their work for them, but didn't back it up as much on the ground. That was their biggest problem. A few people with all the money will never be able to conquer the many other people with less, but banded together in volume. In short, Strength in Numbers.

    Rove's campaign strategy, and no thanks to some idiots like Akin, Mourdock, Walsh, and Romney was the political equivalent of Louis XVI and Marie Antoinette. Now, they have to deal with that aftermath, and it doesn't look pretty.

    What I want to know is this, and I don't think the question has been asked yet. If Citizens United allows corporations to contribute heavily to political campaigns, and we know that people like Trump, Sheldon Alderson, the Kochs, etc. have contributed to it; assuming their corporations are public, meaning the shareholders have a stake in the company, if their corporations contributed to this PAC, and there was a huge loss from it, what do their shareholders/stockholders have to say about incurring such a huge loss? If a CEO lost that much money, the shareholders would have called an executive board meeting and put that CEO's head on a platter.

    Could we possibly be seeing some heads roll at the corporation level, as not only is this the second election since Citizens United, but the first presidential election since Citizens United?

    BL.
     
  4. macrumors demi-god

    soco

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    NJ
    #4
    You want to know what the real 1% is? Here's a hint: It's not new, by any means.

    Give up? 1% of Americans know what you guys are even talking about. The 99% that don't understand? They don't care.

    That's the real 1%. That's the real fear you should have.

    This country has a huge problem at its feet with its citizens being undereducated and unmotivated to know about the things that really affect them.
     
  5. macrumors 68000

    mcrain

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    Illinois
    #5
    Does anyone know what Rove's fee was? Every 1% of fee is $3M in his pocket. I remember a West Wing episode where the political operative was negotiating a 3-5% fee. I would guess a "good" businessman like Rove would have demanded a premium.
     
  6. macrumors 6502a

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    #6
    Was it miniscule? Or did they purchase the transformation of what would have otherwise been a popular vote landslide into a comparatively close race? What would the results have looked like without all that spending?
     
  7. macrumors 68000

    Sydde

    Joined:
    Aug 17, 2009
    #7
    Hopefully old t-blossom was working on commission. :cool: Of course, I guy like him will still know how to skim from the revenue stream.
     
  8. macrumors P6

    iJohnHenry

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    #8
    The Republican Party is losing their touch ...... with the American public.

    The Old Boy's Network is no longer working.
     
  9. macrumors 6502a

    jnpy!$4g3cwk

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    #9
  10. macrumors P6

    iJohnHenry

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    #10
    Question: If people stop accepting money from cretins, does it have any value.

    Discuss.
     
  11. macrumors Penryn

    rdowns

    Joined:
    Jul 11, 2003
    #11
    Karl Rove may have been wrong but Donald Trump got it right.


    [​IMG]
     
  12. thread starter macrumors 68020

    Thomas Veil

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    #12
    You're probably right, but the big money guys just look at the end result, which is that he failed, and so did many other big money SuperPACs.

    :p
     

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