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Tuesday, October 25, 2016

Billionaire businessman and philanthropist David Koch is wading into the New York City mayoral election, making a hefty donation to a political action committee supporting Republican Joe Lhota.

Koch, who is tied with his older brother Charles as the sixth-richest man in the world with an estimated net worth of $34 billion, reportedly donated $145,050 to “New Yorkers for Proven Leadership,” a new pro-Lhota PAC. Koch’s wife Julia reportedly made an identical donation.

The PAC is wasting no time in spending the new cash. On Wednesday, it released two new ads promoting Lhota’s ties to former mayor Rudy Giuliani, under whom Lhota served as deputy mayor, and emphasizing Lhota’s “strong conservative leadership.”

Koch, of course, is no stranger to political giving. Koch founded the “dark money” group Americans for Prosperity in 2004, and used it — along with other 501(c)(4)’s — as a vehicle to spend millions of dollars in a failed effort to defeat President Barack Obama in the 2012 election. Ultimately, Koch received almost no return on his massive investment.

There is reason to believe that he will be frustrated again in 2013. Although polls suggest that Lhota is the strong frontrunner to defeat billionaire John Catsimatidis in the Republican primary, it would take a shocking upset for the former Metropolitan Transit Authority chief to defeat his Democratic opponent in a general election in heavily Democratic New York City.

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Copyright 2013 The National Memo
  • Buford2k11

    The Koch Boys are the domestic enemies we have been warned about…they deserve jail for their contributions to the corruption of our government…

  • disqus_ivSI3ByGmh

    It is not uncommon for a strong Republican candidate to win in New York. Rudy Giuliani did so on his record as a Federal Prosecutor. Unfortunately, Lhota is running on a coattails campaign from 12 years ago, as he has no legitimate record to run on.
    One other thing that will sometimes favor a Republican in NYC is dissension among the Democrats. As the current primary appears to be “anybody but Wiener, with de Blasio in full command, Lhota not only has an uphill battle, he has to run it against someone whose personal life resembles the voting public a lot more than his does.

  • Hutchbilly

    Thanks, David, for letting the populations know who not to vote for…..