Last weekend, conservative billionaires Charles and David Koch and other assorted outrageously wealthy white men gathered at
the inside of a volcano a private retreat in California to discuss the following items: money, President Obama, and how to best use their money to beat President Obama. By the end of the three-day retreat, a source tells HuffPo, the Koch brothers and the 250 to 300 other guests pledged a total of $100 million to oust Obama from the White House in the upcoming 2012 election.
The meeting, which took place at the Renaissance Emerald resort in the Coachella Valley, was one of a series of semi-annual, invitation-only conferences hosted by the Koch Brothers, who have been inviting Republican donors and politicians to shoot the shit and swim in piles of money, Scrooge McDuck-style, for the past nine years. This year, it was allegedly attended by Las Vegas casino billionaire Sheldon Adelson, House Majority leader Eric Cantor, Citadel Investment Group CEO Ken Griffin, and other dudes who probably spend more in one night at a Palm Springs gentlemen's club than you do in your entire life.
Of the $100 million raised during the meeting, the Koch Brothers reportedly contributed $60 million, with Charles pledging $40 million and David pledging $20 mill. Due to the cap on donations that can be given to one campaign, most of the money raised will likely go to super PACs or nonprofit organizations that can receive and spend an unlimited amount of funds. So the next time you get so mad at a GOP campaign ad that you break your TV by throwing your shoes at it, tell the repairman that it's all the Koch Brothers' fault and maybe he'll take a few bucks off your bill.