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Big Money Still Had Destructive Role in 2012 Elections

Dec. 10 (Bloomberg) -- The fears that big money would corrupt the political process in 2012 weren’t realized, the conventional wisdom says. The fat cats, unshackled by U.S. Supreme Court and lower court decisions, weren’t able to buy the presidency or the Senate.

True. It also misses the point. About $6 billion was spent on the campaign, and outside groups poured $1.3 billion into political races, according to data from the Federal Election Commission and the Center for Responsive Politics.