POLITICS

Major Republican Donors Face Billion Dollar Bust

Republican presidential candidate and former Massachusetts Gov. Mitt Romney gives his concession speech at his election night
Republican presidential candidate and former Massachusetts Gov. Mitt Romney gives his concession speech at his election night rally in Boston, Wednesday, Nov. 7, 2012. (AP Photo/Charles Dharapak)

Big outside money fundamentally changed American politics in 2012 – just not the way the Republicans who planned a $1-billion blitz to defeat President Barack Obama wanted.

Ultimately, in fact, it may have hurt Republicans almost as much as it helped.

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