GOP Super PACS Plan To Spend $1 Billion On Election ($400 million from Koch brothers) [View all]

Source: TPM

Republican super PACs, including Karl Rove’s American Crossroads and Crossroads GPS groups, plan to spend a total of $1 billion on the 2012 elections, reports Politico. Much of the money not previously expected comes from the Koch Brothers, who along with Koch-affiliated groups plan to spend $400 million before November.

From Politico:

Just the spending linked to the Koch network is more than the $370 million that John McCain raised for his entire presidential campaign four years ago. And the $1 billion total surpasses the $750 million that Barack Obama, one of the most prolific fundraisers ever, collected for his 2008 campaign.

Restore Our Future, the super PAC supporting Mitt Romney, proved its potency by spending nearly $50 million in the primaries. Now able to entice big donors with a neck-and-neck general election, the group is likely to meet its new goal of spending $100 million more.

And American Crossroads and the affiliated Crossroads GPS, the groups that Rove and Ed Gillespie helped conceive and raise cash for, are expected to ante up $300 million, giving the two-year-old organization one of the election’s loudest voices.

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