Axelrod: Election shows PACs "can't buy the White House"

Speaking to reporters on a conference call two days after Obama won reelection, Axelrod said one key takeaway of the presidential race and other congressional races, is the ineffectiveness of the super-PACs.

“If I were one of these billionaires, I’d be wanting to talk to someone and asking where my refund is, because they didn’t get much for their money,” Axelrod said. “Just looking at the heartening news is that you can’t buy the White House. You can’t overwhelm the Congress with these super-PAC dollars.”