No one lost as much on election night as Karl Rove.

Although he wasn't running for office, his Crossroads organizations spent more than $300 million on Republican candidates in the 2012 election, with some of the biggest spenders in the conservative movement putting their hopes -- and dollars -- in the care of Rove. Combined, his groups were the largest single outside force of the 2012 election.

The results were bleak. According to the Sunlight Foundation, American Crossroads, Rove's super PAC, saw just a 1 percent return on its investments. Crossroads GPS, the political nonprofit arm, saw a 14 percent return.

Rove remained in denial about GOP misfortunes on election night. Even after the networks had called Ohio for President Barack Obama, Rove continued to insist on Fox News that Republicans could win the state.

Rove was back on Fox News Wednesday morning after his election night meltdown. He didn't address his reaction to the Ohio call or Crossroads' failures but instead argued that Republicans need to do a better job in reaching out to the Latino community.