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The billionaires' long game

The billionaires' long game

What's the biggest political lesson of 2012? Some say it's that money doesn't count all that much. Even though billionaires and big corporations poured huge amounts into the 2012 election, they lost big. They learned the lesson and won't try to buy another election.


It's true their political investments didn't exactly pay off this time around.

Republican operative Karl Rove's two giant political funds -- American Crossroads (a super PAC) and Crossroads Grassroots Policy Strategies (a so-called nonprofit "social welfare organization" that doesn't have to report its donors) -- backed Mitt Romney with $127 million spent on more than 82,000 television...