Jeb Bush didn’t exactly get skunked in Iowa. But, well, his 2.9 percent showing meant – let’s put the calculator to it, as political savant Nate Silver did: The $14.9 million he spent on advertising alone there meant he harvested one vote for every $2,844.
It would have been better for Jeb to have spent it all on corn.
We’ve been led to assume the contrary, but in presidential politics, as the Beatles once sang, money can’t buy you love.
The two super PACs Karl Rove assembled to influence the 2012 elections raised a stunning $175 million and accomplished almost nothing.
Indeed, that year PACs on both sides spent $14 billion. In the presidential race, all that gold didn’t move the needle. Barack Obama entered the 2012 campaign with a 3-point lead in the polls. He won with a margin of, yes, 3 percent.