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Web Editors' Choice 2012

By Bloomberg - 2012-12-24T16:25:34Z

Photograph by Victor J. Blue/Bloomberg

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14 of 25

It's the Economy ...

The 2012 U.S. election was about the economy, as even the stupid among us know. It was also about money. Secret money. Small money. Super money. Bloomberg followed the money trail from the start, revealing in November 2011 that Freddie Mac critic Newt Gingrich made about $1.6 million in undisclosed consulting fees from the mortgage company. This year, Bloomberg's Alison Fitzgerald and Julie Bykowicz exposed Republican mega-donor Sheldon Adelson's multimillion-dollar vested interest in Mitt Romney's success. The duo also laid bare the Democrats' vested interest in the labor unions -- and vice-versa, to the tune of $189 million-plus in union campaign contributions and ad spending. Now that the elections have concluded, consultants continue drawing fat checks from super-PACs. And President Barack Obama turned his focus to a different kind of money, talking taxes and the fiscal cliff with Bloomberg's Julianna Goldman in the president's first post-election interview: "It's not me being stubborn. It's not me being partisan. It's just a matter of math."