MONEY, MONEY, MONEY » Pump It Up!

Conservative Legacy

Billionaire brothers David and Charles Koch are the wealthiest, and perhaps most effective, opponents of President Obama’s progressive agenda. They loom in the background of every major domestic policy dispute this year. Ranked as the 9th richest men in America, the Koch brothers sit at the helm of Koch Industries, a massive privately owned conglomerate of manufacturing, oil, gas, and timber interests. David and Charles are also responsible for a vicious attack campaign aimed directly at obstructing and killing progressive reform. Over the years, millions of dollars in Koch money has flowed to various right-wing think tanks, front groups, and publications. At the dawn of the Obama presidency, Koch groups launched television and radio ads deriding the recovery stimulus package as simply “pork” spending. The Cato Institute — founded by Charles — as well as other Koch-funded think tanks like the Heritage Foundation, produced a blizzard of reports distorting the stimulus and calling for a return to Bush-style tax cuts to combat the recession. David’s Americans for Prosperity (AFP) placed calls and helped organize the very first “tea party” protests. AFP, founded in 1984 by David and managed by astroturf lobbyist Tim Phillips, mobilized “tea party” opposition to health reform, clean energy legislation, and financial regulations. READ MORE:


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