Big Money Lost In 2012 Election

Perhaps the biggest wild card in the election was how much effect pouring unlimited amounts of money would have on the outcomes. 

The result is surprising and heartening. Fat-cat, right-wing donors like casino magnate Sheldon Adelson lost – the $50 million he spent on five races provided no return on investment. Overall, as much as $6 billion was spent in an election that returned the very same president, leaders in both houses, and gave us a slew of new progressive lawmakers.

Noreen Nielsen of Think Progress points out:

The 2012 campaign season was one of the most expensive in history, with an estimated $6 billion spent on television ads in races up and down the ticket.

Not surprisingly, corporate polluters and other dirty energy interests were some of the largest outside spenders in the 2012 campaign cycle. These groups-which include Restore Our Future, the U.S. Chamber of Commerce, the American Energy Alliance, Americans for Prosperity, Crossroads GPS, and several more-bet big and lost big.

In just the last two months of the campaign, outside groups linked to dirty energy sources or the promotion of a dirty energy agenda spent more than $270 million on TV ads in the presidential, House, and Senate races and industry ads promoting oil, gas, and coal interest, and more than $31 million was spent on energy-related ads, according to a Center for American Progress Action Fund analysis. During that time, more than 59,600 spots ran on energy and environmental issues in the presidential race and key House and Senate races.

by Heather Taylor-Miesle, NRDC Action Fund

Americans have returned a clean energy champion to the White House, but they didn’t stop there. All the way down the ticket, voters overwhelmingly favored candidates who support clean energy, clean air, and strong public health safeguards.

This is victory for everyone who likes to breathe clean air and drink clean water, and it is a resounding defeat for polluters and the dirty agenda they tried to sell to voters.

The fossil fuel industry went all in on this election. By mid-September, oil, gas, and coal companies had spent more than $150 million on campaign ads. Texas oil barons handed over $10 million to Governor Romney in one week alone – the week before he released his energy plan. By the time all the checks are tallied, the amount spent by dirty energy companies will be well over $200 million.

And yet the fossil fuel industry has little to show for it. Oil, gas, and coal companies spent $20 million to defeat Senator Sherrod Brown (D-OH), but he won anyway. He ran on his record of supporting renewable power and environmental protections and voters rewarded him for it.

They did the same thing in the New Mexico Senate race. Fossil fuel companies opened their checkbooks for Former Representative Heather Wilson, a pro-drilling, anti-climate action candidate. But voters preferred Representative Martin Heinrich and the fact that he made clean energy and climate action a central part of his campaign.

In Virginia, fossil fuel companies and other outside interests spent heavily to take a senate seat away from the Democratic Party. Voters weren’t buying it. They elected Former Governor Tim Kaine who has a long history of standing up for clean air and public health safeguards.

It turns out my mother was right: money can’t buy you love. If you can’t buy it for $200 million, then it’s not for sale.

That means these Senators are free to do the right thing on clean energy and clean air. They underwent a full-throttled, deep-pocketed attack on from the right and survived. Why? Because voters did not take the side of polluters. They took the side of clean energy champions.

This shouldn’t come as a big surprise; poll after poll confirmed voters’ desire for a clean energy economy. A September survey by Public Policy Polling, for instance, found that 53% of undecided voters in battleground states said they would support a Congressional candidate who wants to extend tax incentives for wind power, while 31% would choose the candidate who would kill those incentives. 59% said they favored Congressional candidates who support reducing mercury pollution from power plants and only 23% would chose candidates who oppose mercury standards.

Voters recognize that clean energy and clean air deliver real benefits to our communities. More than 120,000 Americans have jobs in the solar industry, and more than 150,000 people work building parts for and assembling clean cars – hybrids, electric cars, and other advanced vehicles that weren’t even available 10 years ago. More than 1 million Americans are now saving money on their electric bills because they made their homes more energy efficient. And soon, hundreds of thousands of children will breathe easier once power plants start following new limits on mercury, lead, and other air pollutants.

Oil and gas companies thought that if they spent millions and millions of dollars, they could distract Americans from these benefits and undermine support for clean energy. They were wrong, and they lost. Now the case is closed. It’s time for champions in the White House and Congress to respect voters’ wishes and stand up for clean energy, clean air, and a stable climate.

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