Tuesday, August 4, 2015

Koch's Worth $85 Billion: Get Gov Subsidies and Loan Backing - Go Figure

Pollution, Air Problems - So, What

That photo grab and this intro from PR Watch.org here, in part:

The fossil fuel barons, Charles and David Koch (their wealth is estimated to be $82 billion), have long advocated for “economic freedom” and a smaller government. They have slammed collectivism and market distorting subsidies.

My Inserted Note: Click on the “Koch Industries” list here and voila! $157 million in state and federal subsidies are revealed, with an additional $6.2 million in federal loan guarantees.

In 2012, Charles Koch wrote decried corporate welfare and “crony capitalism” in the pages of the Wall Street Journal, saying:  “Far too many well-connected businesses are feeding at the federal trough. By addressing corporate welfare as well as other forms of welfare, we would add a whole new level of understanding to the notion of entitlement reform.” 

Here is a list of the candidates who got Koch money from excellent trackers on this issue — seen here — check it out. (My congressional Rep. got $15,200.00 from them for her first run) — I suspect she will get more next cycle — that's the nature of this game since the USSC (Citizens United) gave the green light for a handful of billionaires to buy and own candidates and if their money wins, they own the country de facto.

Once again we clearly see the power of big money and it is well to recall these words from former justice Brandeis: “We must make our choice. We may have democracy, or we may have wealth concentrated in the hands of a few, but we can't have both.”

More this subject here – a good read. Thanks for stopping by

No comments: