BO’s Trust Fund Baby?

About 150 wealthy, politically active liberals gathered at the Mandarin Oriental Hotel in Washington, D.C. In November 2011 to discuss the 2012 elections. The main topic: how to spend their money to ensure a Democratic victory. Guests included AFL-CIO president Richard Trumka and Vice President Joe Biden.

The conference was hosted by the Democracy Alliance, a network of deep-pocketed liberal philanthropists funding a variety of progressive organizations, the wealthy backers of which are also helping fund the president’s reelection campaign.

One member is Rob McKay, the Democracy Alliance’s chairman and heir to a Taco Bell fortune, who helped found liberal get-out-the-vote group Americans Coming Together and was also one of the earliest big donors to and supporters of the pro-Obama super PAC Priorities USA Action.

Although he is not listed as a bundler for the Obama campaign, McKay is on the board of the Priorities USA Action super PAC and in January helped organize a $35,800-a-head January fundraiser for Obama.

McKay and his wife Anna have given more than $305,500 to Democratic candidates and groups since the 1990 cycle, according to the Center for Responsive Politics, including $100,000 to the America’s Families First Action Fund, the biggest Democratic-aligned super PAC of the 2010 election cycle.