Go Home

CNN: Koch Brothers Fund the Tea Party

Get Adobe Flash player

DOWNLOADS: (362)
Download WMV Download Quicktime
PLAYS: (2859)
Play WMV Play Quicktime
Embed

CNN has finally, even belatedly, with the publication of Jane Mayer's background piece in The New Yorker (COVERT OPERATIONS: The billionaire brothers who are waging a war against Obama) begun to acknowledge that the so-called "grassroots" Tea Party has some powerful and extremely wealthy backers (or as Matt Kibbe puts it, "patrons").

Now, as a background piece, a 7-minute interview on weekend CNN isn't going to be highly informative, and this is not Rachel Maddow or 60 Minutes. But it's still worthwhile getting out there who really pulls the strings in American politics and who are the willing dupes. The Kochs will spend $45 million for the coming midterms alone, funneling the cash through such organizations as Americans for Prosperity. They have also given the Republican Governor's Association (RGA) another million, joining FOX News in that dubious distinction. In short, they are the ultimate power players within Republican ranks.

Read the Jane Mayer 10-page article online here.

With his brother Charles, who is seventy-four, David Koch owns virtually all of Koch Industries, a conglomerate, headquartered in Wichita, Kansas, whose annual revenues are estimated to be a hundred billion dollars. The company has grown spectacularly since their father, Fred, died, in 1967, and the brothers took charge. The Kochs operate oil refineries in Alaska, Texas, and Minnesota, and control some four thousand miles of pipeline. Koch Industries owns Brawny paper towels, Dixie cups, Georgia-Pacific lumber, Stainmaster carpet, and Lycra, among other products. Forbes ranks it as the second-largest private company in the country, after Cargill, and its consistent profitability has made David and Charles Koch—who, years ago, bought out two other brothers—among the richest men in America. Their combined fortune of thirty-five billion dollars is exceeded only by those of Bill Gates and Warren Buffett.

The Kochs are longtime libertarians who believe in drastically lower personal and corporate taxes, minimal social services for the needy, and much less oversight of industry—especially environmental regulation. These views dovetail with the brothers’ corporate interests. In a study released this spring, the University of Massachusetts at Amherst’s Political Economy Research Institute named Koch Industries one of the top ten air polluters in the United States. And Greenpeace issued a report identifying the company as a “kingpin of climate science denial.” The report showed that, from 2005 to 2008, the Kochs vastly outdid ExxonMobil in giving money to organizations fighting legislation related to climate change, underwriting a huge network of foundations, think tanks, and political front groups. Indeed, the brothers have funded opposition campaigns against so many Obama Administration policies—from health-care reform to the economic-stimulus program—that, in political circles, their ideological network is known as the Kochtopus.

Share This Post

Link To This Post


22 Comments
berniem's picture

Now, now children, we shouldn't go off half-Koched and accuse these philanthropic gentlemen of supporting such a band of half-wits who will fall for anything that rich white guys in expensive suits tell them is good for them especially when it titillates their bigotry and fear of anyone who bears a likeness different than theirs or in any way stands to get a piece of what they think is their exclusive action! Why, wasn't it one of the esteemed bros. who so generously gave millions to the John Hopkins cancer research center which he had earned via the production of formaldehyde? Aren't these two bastions of compassion the ones who would get rid of any and all social programs, safety net provoisions, corporate taxes and regulatory agencies for the greater good of free enterprise? Well, now that I think about it, it probably makes perfect sense for these capitalist shepherds to lead their flocks to the great fleecing!

MosesZD's picture

Well said.

Peter G's picture

in old news.


Hasa Diga Eebowai

JohnnyBravo's picture

*spits out soda in laughter*


NOBODY 2012

diffrntdrummr's picture

Sad story for months. This could be a small turning point, in my opinion, because her honesty and integrity in reporting this scam just might be forcing the other so-called "News" outlets to do their friggin' job. Wonder of wonders.... there just may be hope for us yet.

ysbaddaden's picture
)O(

I druther belong to the Mezcal party.

Do the teabaggers extend their pinky finger too?


Diabolus est Deus Inversus

fastfeat's picture

Koch Bros. math?


"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."

---Southwest Airlines

and still be called a grass roots movement?

nom de plume's picture

yes, of course. If the organization actually IS grassroots. "Grassroots" means something and what it doesn't mean is "populist." It doesn't mean organized and run from the top down. So many of these tea party organizations seem to pop up overnight, or pop up to support one specific event or campaign and then disappear, can claim to be run by a group of interested citizens. In fact, they are orchestrated.

Grassroots movements don't have to be disorganized and without leadership, but that leadership structure must be determined by and chosen/selected/voted-on by the members/activists (e.g. the roots of the grass).

When the Koch bros. not only fund, but run the movement (or appoint those who run the efforts) it is NOT grassroots.

YellowDog314's picture

I wonder if the Kochs have a $1 bet on the upcoming elections?

Dave Wolf's picture

They are rich...

According to the Supreme Court, their speech is just 45 million times more important than the average guys...

roberb7's picture

Hey, I'm an American, and I'm all for prosperity. If the Kochs want to support Americans for prosperity, why don't they give that $45 million to us? It would make us prosperous.

jane6pack's picture

a pair of Kochs funds the Dick Armey.

dcampbel's picture

Tea party = Koch Sucker

fastfeat's picture

;)


"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."

---Southwest Airlines

Embittered Angry Anti-Republicrat Max-Hussein-1's picture
.

.

The TEa Party...
... Lead by two Koch heads.

.


Starve the WAR Beast...
... Save the World.

Zach's picture

They meant Americans Of Prosperity".


"The enemy is anybody who's going to get you killed, no matter which side he's on." - John Yossarian, Catch-22

eldubbs's picture

http://www.c-span.org/Watch/Media/2010/09/02/...

right at the 1hour 06min mark

Vincent441's picture
[Comment Deleted By Administration For Violation Of Terms Of Service]
chervilant's picture

isn't it, that people who have so little are willing to believe that these uber wealthy men are concerned about their well being?

That ol' wealth carrot meme sure does work for them.

JohnnyBravo's picture

Way to arrive at the party late.


NOBODY 2012

Comments are closed on this entry