Rove groups plan $120 million campaign in 2012

Independent political committees with ties to former White House adviser Karl Rove are planning to raise $120 million to help Republicans in 2012.

American Crossroads and Crossroads GPS on Tuesday said they would raise the money to compete with unions that spent a collective $400 million on behalf of President Barack Obama and Democrats in 2008. The group says it won't be able to outspend the unions but the organization can outpace them in efficiency.

American Crossroads also announced a fund to do poling and get-out-the-vote plans for the eventual nominee.

The groups, founded by President George W. Bush strategist Rove and former Republican National Committee chairmen Ed Gillespie and Mike Duncan, were among the highest profile groups in 2010, when they aimed for $52 million and raised $71 million.