The success of GOP and Tea Party-backed candidates in the 2010 U.S. midterm elections was enabled by a massive influx of secretive spending thanks to the Supreme Court’s ruling in Citizens United v. FEC.
A new analysis by the Sunlight Foundation identified $126 million in unrestricted funds spent during this midterm without any disclosure of whose money it was. That figure represents more than a quarter of the total $450 million spent by outside groups on the midterms.
Sunlight Foundation notes that:
The two leading GOP shadow groups, American Crossroads and Crossroads GPS - both founded and guided by GOP veterans Karl Rove and Ed Gillespie - are reportedly “gloating” over their influence on the elections. The two groups spent more than $38 million on attack ads and misinformation campaigns to defeat Democratic candidates.
NBC News reports that “a substantial portion of Crossroads GPS’ money came from a small circle of extremely wealthy Wall Street hedge fund and private equity moguls.”