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Report: Billionaires Charles and David Koch to Hold Fundraiser in Carlsbad

The conservative billionaires hope to raise $400 million, according to reports.

Democratic activists opposed to the conservative politics of the billionaire Koch brothers, who are holding a meeting of allied activists in the area this weekend, will hold a demonstration in downtown San Diego Sunday.

The Park Hyatt Aviara Resort in Carlsbad is where Charles and David Koch, who tied as the fourth richest Americans on the 2012 Forbes list, reportedly are holding their secret reception and biannual fundraiser.

Charles Koch owns a home in Vintage Club at Indian Wells, the U-T San Diego reported.

The annual fundraising goal is about $400 million, according to the website Politico. The money will go to conservative think tanks such as American Enterprise Institute, The Heritage Foundation and The Federalist Society, along with advocacy groups, including Americans for Prosperity.

A meeting in Indian Wells raised more than $150 million earlier this year, and one in Rancho Mirage last year raised $49 million, according to Politico.

Mother Jones reported in September that it had infiltrated a Koch summit in Vail, Colo., and recorded Charles Koch thanking more than two dozen people who gave $1 million or more.

Democratic and union activists, members of the Occupy movement and others opposed to the Koch brothers plan to demonstrate at Children's Park at 10 a.m. this morning.

A statement issued by the San Diego County Democratic Party sought to tie locally elected officials to the Koch Brothers, including Republican City Councilman Carl DeMaio and Reps. Darrell Issa, R-Vista, and Brian Bilbray, R- San Diego.

Presumptive Republican presidential nominee Mitt Romney is holding a three-day retreat at the Deer Valley Resort in Park City, Utah. His guest list reportedly includes former Secretary of State Condoleezza Rice, Rep. Paul Ryan, R-Wis. Sen. John McCain, R-Ariz., Louisiana Gov. Bobby Jindal and GOP strategist Karl Rove.

The Koch brothers, whose fortunes are estimated at $25 billion each, control Wichita, Kan.-based Koch Industries Inc., the second highest valued, privately owned company in the United States. It was started by their father, who pioneered a method of refining heavy crude oil into gasoline. Their foundations are estimated to be worth hundreds of billions of dollars.

-City News Service

Glenn Bernard June 25, 2012 at 10:25 PM
Very happy to see these brothers still have so much of their wealth. If Obama steals their money, Obama will use it to just to freely give away to other people...thereby creating more entitlement mentality. It kills America when millions of people perceive that the best use of government is to behave as Robin Hood.
W. Mike Marshall June 26, 2012 at 03:47 PM
Glenn, you seem to be worried about Obama stealing The Billonaire brothers money yet you seem to have zero concern about how the Koch brothers are stealing YOUR vote as well as mine with their money(?) Apparently you do not consider yourself as an equally important American in the voting booth. Perhaps you should work on your self esteem. I think you and the rest of us middle class Americans ARE as important as the Koch brothers and I would like my vote to count as well as yours. Just some food for thought, and as the old saying goes, "be careful for what you wish for"!! I will exercise my capitalistic rights by BOYCOTTING ALL KOCH BROTHERS CONSUMERS PRODUCTS AS SHOULD OTHER AMERICANS WHO ARE AGAINST THE ULTRA WEALTHY BUYING OUR ELECTIONS! Do some more homework and start thinking for yourself. (and turn off your FOX news channel!)
Lee Johnson June 26, 2012 at 04:58 PM
As opposed to the other news channels that are flagrantly falsely editing their news W. Mike? Get a grip pal! I AM in the middle class and what has happened to our country in the last 3 and a half years has been criminal. Blatant disregard to the constitution and the system of government that we have lived by since the beginning of this country. And your "President" arrogantly (with that stupid grin of his) takes on the Supreme Court like no president before him. He has set record spending and record deficits that will stifle this country for years to come. And the ONLY reason that he has a following is that he appeals to those that want government to take care of them, with no effort or accountability on their part, or those with an extreme liberal agenda - i. e. abortionists, or gay marriage supporters. (I am assuming that you fit into one of those categories W. Mike Marshall). He and his group prey on the ignorant that are always wound up by his "emotionally" driven speeches, that have no intelligent basis or backing to it. He made a speech recently stating that he has campaigned in 57 of the United States. While campaigning he made the comment that if all of us would properly inflate our tires we wouldn't have a need for foreign oil. And yet I am called a racist because I say these things against a black man. The real racists are the black people...think about it - 98% of the black population is voting for him for only one reason -- because he is black. I rest my case.
W. Mike Marshall June 27, 2012 at 05:40 AM
Lee, I am glad to see that the nursing home has allowed you to use the internet! Welcome! I also am in the middle class, upper now, from working class parents and used to be a Republican until idiots like you high jacked the party and am now an Independent. Blatant disregard for the constitution? I am guessing that your dementia has made you forget what Bush/Cheney did to our country via 2 unfunded, unwarranted, unpaid for WARS you moron!! And President Obama is NOT my president, he is OUR president, in case you forgot how elections work(?). As far as the supreme court goes, look at what is happening now in our elections via the bad judgement made, regardless of what side of the isle you are on....YOUR VOTE OR MINE DOES NOT COUNT ANYMORE!! JUST THE GREEDY VOTES OF THE MASSIVE BRIBERS (NOW LEGAL) AND YOU THINK THAT IS A GOOD AMERICAN VALUE? AND AS FAR AS HOW OUR COUNTRY HAS BEEN DOING THE PAST 3 YEARS.I LOST HALF OF MY WEALTH UNDER BUSH, NOW REGAINING IT UNDER CURRENT PRESIDENT. YOUR ACCURATE QUESTIONS SHOULD HAVE BEEN "WHAT HAPPENED TO AMERICA BETWEEN 2000-2008! AS FAR AS YOUR COMMENT ON ABORTION, I HAVE NOT HAD ONE. TOO BAD YOUR MOTHER DID NOT!! AS FAR AS GAY MARRIAGE....I AM NOT GAY NOR DO I CARE ABOUT OTHER PEOPLES SEX LIFE'S OR WHO THEY MARRY UNLIKE YOUR ABNORMAL OBESSION WITH OTHERS PERSONAL LIVES.....STAY FOCUSED ON YOUR OWN SEX LIFE AND NOT OTHERS! AND YOU NEED TO APOLOGIZE TO THE MANY FELLOW AFRICAN AMERICANS OF WHOM YOU INSULTED IN YOUR IGNORANT TIRADE! IDIOT.

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