.

The Billion-Dollar Mitt Machine

POSTED:
koch brothers
Charles and David Koch
John Chiasson/Liaison; Robin Platzer/FilmMagic

In my latest Rolling Stone piece I profile the 16 mega-rich donors who've ponied up at least $1 million each for the SuperPAC backing Mitt Romney. But even those giant checks may soon look like chump change, according to a new report in Politico.  

Led by the billionaire Koch Brothers, forces allied with the GOP are now planning to spend a record-shattering $1 billion to put Romney in the White House.

The biggest news is that the Kochtopus — the shadowy network of political advocacy groups funded by industrialists Charles and David Koch — is alone planning to spend $395 million to defeat Obama. Take a second to let that sink in with the help of a tweet from former George W. Bush consultant Mark McKinnon this morning: 

"Think the $$ political system is screwed up? Koch brothers alone are planning to spend more $$ than McCain's entire 2008 presidential budget."

The Koch money — twice what the billionaire brothers had previously committed — will dwarf even the $300 million the American Crossroads network controlled by ex-Bushies Karl Rove and Ed Gillespie expects to spend.

The Romney-linked SuperPAC, Restore our Future, which raised $50 million for the primary says it now expects to spend another $100 million before election day.

Other megadollar players backing Mitt, according to Politico?

• U.S. Chamber of Commerce: $100 million
• YG Network (Eric Cantor's SuperPAC): $30 million
• American Action Network (led by former GOP Senator Norm Coleman): $30 million
• Freedom Works (Dick Armey's group that helped launch the Tea Party): $30 million

The spending seems sure to outpace the money raised by President Obama's SuperPAC — which hopes to raise just $100 million — and Big Labor, whose budget may be as small as $200 million. 

The Big Money gap puts tremendous pressure on the Obama campaign to maximize returns from its vast network of small-dollar donors. And it makes even more pivotal the president's most powerful weapon, the intricate network of on-the-ground volunteer organizers the campaign has built out in the electoral battleground.

Prev
RS Politics Daily Main Next

blog comments powered by Disqus
Around the Web
Powered By ZergNet
Daily Newsletter

Get the latest RS news in your inbox.

Sign up to receive the Rolling Stone newsletter and special offers from RS and its
marketing partners.

X

We may use your e-mail address to send you the newsletter and offers that may interest you, on behalf of Rolling Stone and its partners. For more information please read our Privacy Policy.

 
www.expandtheroom.com