Economy: Economic News, Policy & Analysis - The Washington Post: How business can bounce back from its 2012 election debacle

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How business can bounce back from its 2012 election debacle
Nov 10th 2012, 22:35

Holy Solyndra, Batman. It turns out businessmen are even worse at making political investments than politicians are in making business investments.

That's right. After spending hundreds of millions of their own and shareholder dollars to knock off a tax-and-regulate administration and deliver a permanent Republican majority in Congress, business leaders now face the prospect of at least four years dealing with a president and lawmakers who won't soon forget the nasty, misleading ads run against them. At the same time, the business community has succeeded in uniting the citizenry around the idea that something should be done to prevent monied interests from spending unlimited sums of secret cash to buy elections.

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