November 7, 2012 3:58PM

Big Money Loses in 2012

For those who believe “Big Money” — especially the sums liberated by Citizens United — would determine American elections, consider that Sheldon Adelson’s $53 million supported one winner in congressional races. Newt Gingrich is not president. Neither is Mitt Romney. It’s almost as if something other than campaign spending usually determines who wins and loses an election.

Obama’s re‐​election cuts two ways for Citizens United. On the good side, no one can go around for the next several years saying Super PACs defeated Obama, therefore we need to prohibit such spending. On the bad side, Obama may get to nominate a Supreme Court justice who will vote to overturn Citizens United.