MittWatch: Romney's Worst Investment?

Elections are expensive this year, and it turns out that former Massachusetts governor and former presidential aspirant Mitt Romney paid a pretty penny for each delegate he received before dropping out of the race.

Foon Rhee reports that Romney put in $42.3 million of his own money into his presidential campaign. As of last October, he had already put in $17.5 million, suggesting that he made a massive money push in the last days.

While running for president might be the worst investment Romney's ever made (unless someone picks him to run as VP), don't cry too much for him. His net worth was once estimated as somewhere between $190 million and $250 million, and he has a golden touch for just about everything except the presidential race. He can also feel a sense of schadenfreude now that his former arch-nemesis, John McCain, is battling rumors of "proximity" to a lobbyist (via Jessica Van Sack).

Image mashup by Caroline Roberts.