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November 13, 2012 9:44 AM
The republicans spend $1 billion for -- bupkis
Posted by Staff
Forbes reports:

Begin with three startling facts: first, Barack Obama won almost nine million votes fewer Tuesday than he did in 2008.

Second, in doing so, became the first President since Franklin Roosevelt in 1940 to win reelection with fewer votes than he had received four years earlier.

So how did he win, despite shedding roughly 13 percent of his 2008 total?

Because, third, Mitt Romney won 2.1 million fewer votes last week than did John McCain in 2008.

How did the right – between not only the Romney campaign but his Super Pac and several heavily funded outside efforts, which together apparently spent north of a billion dollars – pull in fewer votes than it did in 2008?
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