At a private three-day retreat in California last weekend, conservative billionaires Charles and David Koch and about 250 to 300 other individuals pledged approximately $100 million to defeat President Obama in the 2012 elections.
The fact that the wealthy conservative donors pledged $100 million for the 2012 elections shows how intent they are on trying to get Obama out of office -- and previews how intense, and likely nasty, the general election will be.
There are limits on how much an individual can give to a political candidate. Therefore, much of the money pledged at the recent gathering will likely go to super PACs or nonprofits that can spend and accept unlimited amounts of funds. GOP primary voters have already gotten a glimpse of how the political system looks with super PACs around: record amounts of money spent on a large number of negative ads in the early primary states.
TVNL Comment: This is an example of why the American people do not have a president or representitives in government. Only the super rich can afford to get their people in office. The rest of us have no "legal" way of electing officials to represent us.
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