Think Progress: Exclusive: Koch Industries Promises To Double Money Raised This Weekend, 40% Of Donors Will Be New

January 27, 2011- Last October, ThinkProgress helped break the story about the secretive twice annual meetings convened by Koch Industries owners Charles and David Koch. The meetings — which have been attended by top bankers, oil industry executives, two Supreme Court justices, Republican leaders, conservative fundraisers, and hate talkers like Rush Limbaugh and Glenn Beck — have been forums for election-related coordination and political strategy. In addition to judges, “journalists” like Tim Carney, Stephen Moore, and Michael Barone have attended the meetings and received funding from the Koch donors. The next event is this weekend in Rancho Mirage, California.

Earlier today, the National Review reported that Majority Leader Rep. Eric Cantor (R-VA) will address the meeting on Republican legislative strategy. Notably, Cantor has taken an active role in Republican efforts to defund financial reform — specifically the new regulations designed to oversee the trillion-dollar derivatives market (Koch Industries speculates on a number of commodities using complex derivatives, and other Koch attendee members represent hedge funds and other financial industries opposed to new Dodd-Frank regulations). ThinkProgress has exclusively obtained further details about the Koch meeting this weekend

FULL STORY HERE:


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