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Posts Tagged ‘Winning Our Future’

David Koch, executive vice president of Koch Industries, attends a meeting of the Economic Club of New York, Monday, April 11, 2011. (AP)

Huff Post- First Posted: 02/ 3/2012  3:43 pm Updated: 02/ 3/2012  9:05 pm

By- Ryan Grim

WASHINGTON — At a private three-day retreat in California last weekend, conservative billionaires Charles and David Koch and about 250 to 300 other individuals pledged approximately $100 million to defeat President Obama in the 2012 elections.

A source who was in the room when the pledges were made told The Huffington Post that, specifically, Charles Koch pledged $40 million and David pledged $20 million.

The semi-annual, invitation-only meeting attracts wealthy donors, Republican politicians and conservative activists. Last year, hundreds of activists gathered outside the walled-off resort to protest the meeting. This year, however, the conference went off quietly.

“Conference organizers and their guests successfully slipped in and out of the Coachella Valley without being detected, by buying out nearly all of the 500-plus rooms at the Renaissance Esmeralda resort in Indian Wells,” reported The Desert Sun. “The resort closed its restaurants, locked down the grounds with private security guards and sent many workers home.”

This is the ninth straight year the Kochs have hosted the conference. As Politico reported last year, the meetings often adjourn “after soliciting pledges of support from the donors — sometimes totaling as much as $50 million — to nonprofit groups favored by the Kochs.”

The fact that the wealthy conservative donors pledged $100 million for the 2012 elections shows how intent they are on trying to get Obama out of office — and previews how intense, and likely nasty, the general election will be.

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Think Progress-  By Scott Keyes and Travis Waldron  on Jan 21, 2012 at 12:10 pm

Two years ago today, the Supreme Court struck down longstanding restrictions on corporate money in American elections, paving the way for super PACs and major third party spending.

Since January 21, 2009, the Citizens United case has had a major effect on money in politics. Already in this year’s Republican presidential primary, we’ve seen a number of freespending super PACs play a major role in the race, including the pro-Mitt Romney Restore Our Future PAC, financed in large part by hedge fund billionaire John Paulson, and the pro-Newt Gingrich Winning Our Future, for whom casino mogul Sheldon Adelson recently cut a $5 million check. In fact, the total amount of money spent by outside groups thus far has outpaced spending by the campaigns themselves.

Despite the proliferation of super PACs and massive uptick in outside spending, former Republican presidential candidate Tim Pawlenty still sees our campaign finance laws as too restrictive.

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