The latest on what President Obama and his fellow Democrats are up against: The conservative billionaires known as the Koch brothers (also known as the things hiding under the bed in progressive nightmares) say they’re going to spend $200 million advancing their cause in the next election.
Politico’s Ken Vogel reports:
David and Charles Koch plan to steer more than $200 million — potentially much more — to conservative groups ahead of Election Day, POLITICO has learned. That puts their libertarian-leaning network in the same league as the most active of the groups in the more establishment-oriented network conceived last year by veteran GOP operatives Rove and Ed Gillespie, which plans to raise $240 million.
Vogel details how this is not just bad news for Democrats. The Kochs have backed the tea party and pushed for a more libertarian-leaning (read: tax-free, hands-off) federal government. For Rove, who has often clashed with the more conservative elements in his party.
But it’s fair to say most of the money will be aimed right at Democrats, another sign of the unprecedented political spending we’re likely to see next year.