The Koch brothers have a seemingly bottomless pot of cash this election year — and no one knows it better than Sen. Kay Hagan.
Americans for Prosperity, a group co-founded by the conservative billionaires, has already dropped $8.2 million on TV, radio and digital ads in an effort to defeat the North Carolina Democrat. According to sources tracking media buys, the group has so far spent more in North Carolina than all Democratic outside groups in every Senate race in the country — combined.
And while AFP won’t predict the amount it will ultimately spend in North Carolina, if the conservative group keeps the same pace, it’ll spend more than $27 million by Election Day in the Tar Heel State. That’s more than twice what any outside group has spent in the past dozen years in North Carolina congressional races.
The staggering figures make North Carolina ground zero in the unprecedented TV war expected to define the 2014 midterm elections. Powerful outside groups like AFP can now raise and spend unlimited money, empowering big donors to single-handedly reshape a race and even determine which party controls the Senate for the final two years of Barack Obama’s presidency.
“It concerns me; it ought to concern anybody,” said Sen. Michael Bennet (D-Colo.), chairman of the Democratic Senatorial Campaign Committee in Washington. “It’s just not fair to have two folks in the country potentially determine the outcomes of these Senate races in states where they don’t even live.”