The Koch brothers’ secret bank

In case you missed it, Politico has a remarkable, if not terribly surprising story about Art Pope’s buddies, the Koch brothers. Here’s the opening:

“An Arlington, Va.-based conservative group, whose existence until now was unknown to almost everyone in politics, raised and spent $250 million in 2012 to shape political and policy debate nationwide.

The group, Freedom Partners, and its president, Marc Short, serve as an outlet for the ideas and funds of the mysterious Koch brothers, cutting checks as large as $63 million to groups promoting conservative causes, according to an IRS document to be filed shortly.

The 38-page IRS filing amounts to the Rosetta Stone of the vast web of conservative groups — some prominent, some obscure — that spend time, money and resources to influence public debate, especially over Obamacare.

The group has about 200 donors, each paying at least $100,000 in annual dues. It raised $256 million in the year after its creation in November 2011, the document shows. And it made grants of $236 million — meaning a totally unknown group was the largest sugar daddy for conservative groups in the last election, second in total spending only to Karl Rove’s American Crossroads and Crossroads GPS, which together spent about $300 million.”

According to the story, the group gave $115 million to an anti-health care reform group and more than $32 million to Americans for Prosperity over just a year’s time.

Any more questions about why the top 1% continues to do better and better?

Read the rest of the story by clicking here.

One Comment

  1. NCCaniac42

    September 12, 2013 at 9:25 am

    Makes me ill. Imagine the good that kind of money might have done for Food Banks around the country with empty shelves.. especially in places like NC where unemployment benefits have been cut off to the long term unemployed. Imagine the jobs that might have been created using that kind of money investing in new roads/bridges or technologies. Imagine the good that money might have done putting teachers in classrooms and helping the economically disadvantaged kids go to college. MAKES ME SICK TO MY STOMACH the evil this money does. I am not religious the saying “Money is the root of all evil” says it all in the case of the Koch Brothers.