"Americans for Prosperity — the main political arm of billionaire industrialist brothers Charles and David Koch — spent a staggering $122 million last year as it unsuccessfully attempted to defeat President Barack Obama and congressional Democrats, according to a Center for Public Integrity review of documents filed in Colorado.
That's more than the total amount the group had previously spent from its formation in 2004 through 2011. During its previous eight years of existence, Americans for Prosperity spent a combined $72 million, a review of Internal Revenue Service records indicates.
The group's unprecedented spending in 2012 is a fivefold increase over 2010, a year when a surge of conservative voters helped Republicans regain control of the U.S. House of Representatives. And it represents a more than 1,600 percent increase above the $7 million it spent in 2008, when voters first elected Obama to the White House."* Cenk Uygur, Ben Mankiewicz, John Iadarola and Wes Clark Jr break it down on The Young Turks.
*Read more here from Michael Beckel / Huffington Post:
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