The Money Men Funding the Tea Party

The New Yorker has published an article reporting on two billionaire bothers, Charles and David Koch, who have been responsible for funding “stealth attacks on the federal government, and on the Obama Administration in particular.”

Full Article: The New Yorker

Updated with additional articles

Related Article: Frank Rich: The Billionaires Bankrolling the Tea Party

A quote from the Op-Ed article:

“All three tycoons are the latest incarnation of what the historian Kim Phillips-Fein labeled “Invisible Hands” in her prescient 2009 book of that title: those corporate players who have financed the far right ever since the du Pont brothers spawned the American Liberty League in 1934 to bring down F.D.R. You can draw a straight line from the Liberty League’s crusade against the New Deal “socialism” of Social Security, the Securities and Exchange Commission and child labor laws to the John Birch Society-Barry Goldwater assault on J.F.K. and Medicare to the Koch-Murdoch-backed juggernaut against our “socialist” president.”

Related article from the New York Times: Financier’s Largess Shows G.O.P.’s Wall St. Support

A quote from the article:

“As the head of a $17 billion hedge fund, Mr. Singer, a self-described Barry Goldwater conservative who is 66, is using his financial might to try to change those policies. He has become one of the biggest bankrollers of Republican causes, giving more than $4 million of his money and raising millions more through fund-raisers he hosts for like-minded candidates who often share his distaste for what they view as governmental over-meddling in the financial industry.”

Related article from The Nation detailing how Paul singer operates to fund GOP causes: Vulture Capitalist Funding GOP

A quote from the article:

“…Singer amassed his fortune, in part by capitalizing on the subprime housing crisis and exploiting the debt of impoverished African nations.”

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One Response to The Money Men Funding the Tea Party

  1. Pingback: Rachel Maddow: Lacking shame, Republicans play both sides of Obama policies | Of Interest…

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