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xchrom

(108,903 posts)
Fri Apr 18, 2014, 05:49 AM Apr 2014

Koch Brothers Wealth Surges Past $100 Billion as They Try to Buy the Senate With Expensive Lies

http://www.alternet.org/news-amp-politics/koch-brothers-wealth-surges-past-100-billion-they-try-buy-senate



The wealth of the Koch Brothers has surged past $100 billion dollars, a boost of $1.3 billion to their collective fortune based on a new industrial production forecast. To put that in perspective, that's enough money to buy 1,000 Boeing 757s or every NFL and MLB team. Together Charles and David Koch are majority shareholders in Koch Industries, a privately held corporation.

The brothers have been criticized for using their vast wealth to change laws in order to fit their political views and to tilt the playing field in their favor. Former Labor Secretary Robert Reich says that their efforts "are undermining our democracy" and Senate Majority Leader Harry Reid says that their political activities are "un-American."

Reid was particularly upset by a television commercial featuring a leukemia patient who said she would die without medication and blamed the cancelation of her previous policy and another with a woman saying her policy costs rose $700 a month under Obamacare. When fact checked, both ads were found to contain spurious content.

The Koch's are attempting to win the Senate back for the Republicans by airing a barrage of targeted television through their Freedom Partners fundraising network. Americans for Prosperity, one of those groups backed by Freedom Partners has been far outspending the top Democratic super PACs in nearly all of the Senate races the GOP is targeting this year. It has aired more than 18,000 broadcast TV commercials those states.
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