1% CLUB LINES UP TO PLEDGE ONE TENTH OF A BILLION $$ TO BEAT OBAMA February 04, 2012
One percenters dig deep to defeat Preisdent Obama
(NATIONAL) -- A group of billionaires and millionaires evdently think a Republican president will be more sympathetic to the needs and wants of the 1% club than a second term by President Obama.
At a private three-day retreat in California last weekend, conservative billionaires Charles and David Koch – widely credited with funding and starting the Tea Party movement through various thinks tanks, PACS and other groups they fund - and about 250 to 300 other high rollers pledged approximately $100 million to defeat President Obama in the 2012 elections, according to a report in the Huffington Post.
The report quotes a source that was in the room when the pledges were made as the basis for the story.
The report says Charles Koch pledged $40 million and his brother David pledged $20 million.
The event is a semi-annual invitation only meeting that reportedly attracts wealthy donors, Republican politicians and conservative activists.
This is the ninth year the Kochs have hosted the conference where traditionally the meetings adjourn after soliciting pledges of support from the donors to nonprofit groups favored by the Kochs, said the report.