Koch Brother Quotes

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Among other strategies, he set up a “charitable lead trust” that enabled him to pass on his estate to his sons without inheritance taxes, so long as the sons donated the accruing interest on the principal to charity for twenty years. To maximize their self-interest, in other words, the Koch boys were compelled to be charitable. Tax avoidance was thus the original impetus for the Koch brothers’ extraordinary philanthropy. As David Koch later explained, “So for 20 years, I had to give away all that income, and I sort of got into it.
Jane Mayer (Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right)
truck. Greenpeace’s airship circles over Rancho Mirage, California, in
Daniel Schulman (Sons of Wichita: How the Koch Brothers Became America's Most Powerful and Private Dynasty)
with
Daniel Schulman (Sons of Wichita: How the Koch Brothers Became America's Most Powerful and Private Dynasty)
People of all political persuasions work for Koch, but given the company's strong institutional perspective, some employees with liberal beliefs tend not to advertise their politics.
Daniel Schulman (Sons of Wichita: How the Koch Brothers Became America's Most Powerful and Private Dynasty)
FALSE EQUIVALENCY If you compare the Koch brothers to George Soros and you compare MSNBC to FOX News then why not compare the NAACP to the Ku Klux Klan, George Washington to King George, Abraham Lincoln to Jefferson Davis, Barack Obama to Vladimir Putin; If you compare the Democratic party to the Republican party then why not compare Citizens United with Brown versus Board of Education, Churchill to Mussolini, Martin Luther King to George Wallace; If you compare Liberals to Conservatives then why not compare Boxing to Cage Fighting, Mozart to Salieri, Edward Kennedy Ellington to Lawrence Welk, Three Card Monty to Inside Trading, John Birks Gillespie to Cab Callaway; If you are mentally slothful enough to engage in false equivalency, why not go all the way? Pretend that ignorance equates with knowledge, Science with Mythology and empathy with apathy?
E. Landon Hobgood
In 2010, the brilliant investigative journalist Jane Mayer alerted Americans to the fact that two billionaire brothers, Charles and David Koch, had poured more than a hundred million dollars into a “war against Obama.
Nancy MacLean (Democracy in Chains: The Deep History of the Radical Right's Stealth Plan for America)
According to one recent study [...] the [climate change] denial-espousing think tanks and other advocacy groups making up what sociologist Robert Brulle calls the “climate change counter-movement” are collectively pulling in more than $ 900 million per year for their work on a variety of right-wing causes, most of it in the form of “dark money”— funds from conservative foundations that cannot be fully traced. This points to the limits of theories like cultural cognition that focus exclusively on individual psychology. The deniers are doing more than protecting their personal worldviews - they are protecting powerful political and economic interests that have gained tremendously from the way Heartland and others have clouded the climate debate. The ties between the deniers and those interests are well known and well documented. Heartland has received more than $ 1 million from ExxonMobil together with foundations linked to the Koch brothers and the late conservative funder Richard Mellon Scaife. Just how much money the think tank receives from companies, foundations, and individuals linked to the fossil fuel industry remains unclear because Heartland does not publish the names of its donors, claiming the information would distract from the “merits of our positions.” Indeed, leaked internal documents revealed that one of Heartland’s largest donors is anonymous - a shadowy individual who has given more than $ 8.6 million specifically to support the think tank’s attacks on climate science. Meanwhile, scientists who present at Heartland climate conferences are almost all so steeped in fossil fuel dollars that you can practically smell the fumes. To cite just two examples, the Cato Institute’s Patrick Michaels, who gave the 2011 conference keynote, once told CNN that 40 percent of his consulting company’s income comes from oil companies (Cato itself has received funding from ExxonMobil and Koch family foundations). A Greenpeace investigation into another conference speaker, astrophysicist Willie Soon, found that between 2002 and 2010, 100 percent of his new research grants had come from fossil fuel interests.
Naomi Klein (This Changes Everything: Capitalism vs. The Climate)
issue a statement attacking the disastrous Citizens United Supreme Court decision. I announced that I would only nominate justices to the Supreme Court who publicly acknowledged their intention to overturn that terrible decision. I was glad to see Hillary Clinton make a similar statement a short time later. I also stated, “It is a national disgrace that billionaires and other extremely wealthy people are able to heavily influence the political process by making huge contributions. The Koch brothers alone will spend more than the Democratic and Republican parties to influence the outcome of next year’s elections. That’s not democracy, that’s oligarchy.” During this period, under the radar, our grassroots efforts were growing rapidly. Two examples come to mind:
Bernie Sanders (Our Revolution: A Future to Believe In)
The illiberal left does not share this commitment. Their burgeoning philosophy in favor of government power to curtail freedom of thought, speech, and conscience is troubling. Environmentalist Robert F. Kennedy Jr.—a graduate of one of the nation’s most elite law schools, the University of Virginia—said in a September 2014 interview of those who deny climate change, “I wish that there were a law you could punish them under.”36 Accusing the libertarian Koch brothers of “treason” for disagreeing with his view of climate change, he said they should be “at the Hague with all the other war criminals.” He asked rhetorically, “Do I think the Koch brothers should be tried for reckless endangerment? Absolutely, that is a criminal offense and they ought to be serving time for it.” Kennedy’s penchant for arguing for state action against those who do not share his view of climate change is not new. In 2007, he said in a speech at Live Earth that politicians who are “corporate toadies for companies like Exxon and Southern Company” had committed treason and needed to be treated as traitors.37 In 2009, he deemed certain coal companies “criminal enterprises” and declared that one company’s CEO “should be in jail . . . for all of eternity.”38
Kirsten Powers (The Silencing: How the Left is Killing Free Speech)
Libertarianism used to have a robust left wing as well. Both disliked government. Both were driven by a fantastically nostalgic conviction that a country of three hundred million people at the turn of the twenty-first century could and should revert to something like its nineteenth-century self. Both had a familiar American magical-thinking fetish for gold—to return to gold as the foundation of U.S. currency because, they think, only gold is real. However, as the post-Reagan Republican mother ship maintained extreme and accelerating antigovernment fervor—acquiring escape velocity during the 2000s, leaving Earth orbit in the 2010s—libertarianism became a right-wing movement. (Also helpful was the fact that extreme economic libertarians included extremely rich people like the Koch brothers who could finance its spread.) Most Republicans are very selective, cherry-picking libertarians: let business do whatever it wants, but don’t spoil poor people with government handouts; let individuals have gun arsenals but not abortions or recreational drugs or marriage with whomever they wish; and don’t mention Ayn Rand’s atheism. It’s a political movement whose most widely read and influential texts are fiction. “I grew up reading Ayn Rand,” Speaker of the House Paul Ryan has said, “and it taught me quite a bit about who I am and what my value systems are, and what my beliefs are.
Kurt Andersen (Fantasyland: How America Went Haywire: A 500-Year History)
CAN WE TRUST ANYTHING THE NEW YORK TIMES SAYS ABOUT IMMIGRATION? In 2008, the world’s richest man, Carlos Slim Helu, saved the Times from bankruptcy. When that guy saves your company, you dance to his tune. So it’s worth mentioning that Slim’s fortune depends on tens of millions of Mexicans living in the United States, preferably illegally. That is, unless the Times is some bizarre exception to the normal pattern of corruption—which you can read about at this very minute in the Times. If a tobacco company owned Fox News, would we believe their reports on the dangers of smoking? (Guess what else Slim owns? A tobacco company!) The Times impugns David and Charles Koch for funneling “secret cash” into a “right-wing political zeppelin.”1 The Kochs’ funding of Americans for Prosperity is hardly “secret.” What most people think of as “secret cash” is more like Carlos Slim’s purchase of favorable editorial opinion in the Newspaper of Record. It would be fun to have a “Sugar Daddy–Off” with the New York Times: Whose Sugar Daddy Is More Loathsome? The Koch Brothers? The Olin Foundation? Monsanto? Halliburton? Every time, Carlos Slim would win by a landslide. Normally, Slim is the kind of businessman the Times—along with every other sentient human being—would find repugnant. Frequently listed as the richest man in the world, Slim acquired his fortune through a corrupt inside deal giving him a monopoly on telecommunications services in Mexico. But in order to make money from his monopoly, Slim needs lots of Mexicans living in the United States, sending money to their relatives back in Oaxaca. Otherwise, Mexicans couldn’t pay him—and they wouldn’t have much need for phone service, either—other than to call in ransom demands. Back in 2004—before the Times became Slim’s pimp—a Times article stated: “Clearly . . . the nation’s southern border is under siege.”2 But that was before Carlos Slim saved the Times from bankruptcy. Ten years later, with a border crisis even worse than in 2004, and Latin Americans pouring across the border, the Times indignantly demanded that Obama “go big” on immigration and give “millions of immigrants permission to stay.”3
Ann Coulter (¡Adios, America!: The Left's Plan to Turn Our Country into a Third World Hellhole)
A veteran Republican operative from Virginia, Phillips considered himself a specialist in “grasstops” organizing—building a citizen movement atop a corporate-funded campaign. In the 1990s, he had formed a political consulting business, Century Strategies, with onetime Christian Coalition leader and influence peddler extraordinaire Ralph Reed. Their firm had close ties to Jack Abramoff, the lobbyist who spent nearly four years in prison for defrauding Native American gaming interests of millions. Phillips (who was not accused of any wrongdoing) played a cameo role in the headline-grabbing corruption scandal, helping to establish a group called the Faith and Family Alliance, which served, on at least one occasion, as a pass-through for cash from Abramoff’s gaming clients.
Daniel Schulman (Sons of Wichita: How the Koch Brothers Became America's Most Powerful and Private Dynasty)
Instead of retreating behind the gates of their Wichita compound and leaving lawyers and crisis management professionals to handle the fallout, the enigmatic family made a public showing of support for the Seiberts.
Daniel Schulman (Sons of Wichita: How the Koch Brothers Became America's Most Powerful and Private Dynasty)
previously been reported. For all three, the association with the Koch brothers' network is likely to provide kindling for their opponents, who have already argued that the Republicans are steered by deep-pocketed conservatives. Audio of the event, held at the St. Regis Monarch Beach resort, was obtained by The Undercurrent and shared exclusively with The Huffington
Anonymous
The Steyer brothers deplore the Koch brothers’ big-money contributions, as they seek to trump them. That the formers’ money in part derives from coal investments matters little given their green intentions. The media are furious over rumor-mongering about Hillary Clinton’s health, but that is an ad hoc concern, not one born of principle about leaving the private health issues of public figures alone, given that they not long ago gladly trafficked in sick rumors about Sarah Palin’s supposed faked pregnancy.
Anonymous
You go along with my giant brother to Priok. In the passer,he dares to kiss you. So it begins.
Christopher J. Koch (The Year of Living Dangerously)
Where things get really complicated is when the philanthro-capitalists use their money to finance a political agenda that dovetails with their personal business interests or with the interests of the plutocratic class as a whole. The Koch brothers, for instance, have pushed for less government regulation of industry, including state efforts to protect the environment. They are lifelong libertarians who are genuinely skeptical about climate change. They also happen to own a company whose assets include oil refineries, oil pipelines, and lumber mills—all businesses that would benefit from a weakened EPA.
Chrystia Freeland (Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else)
For all the angst caused by the Koch Brothers and Sheldon Adelson and their efforts to unseat Barack Obama, they only demonstrated how much money could be spent on a political campaign while exerting no meaningful effect upon it.
Anonymous
In the same interview, Koch described, without any self-consciousness, how he had recently promoted his son, Chase, to the presidency of Koch Fertilizer and how at “every step, he’s done it on his own.” The possibility that his son, like he and his brothers, Richard Mellon Scaife, Dick DeVos, and the Bechtel boys, to name just a few in his network, might have benefited from a job in the family’s business or a huge inheritance, rather than having been “condemned…to a lifetime of dependency and hopelessness,” because “somebody” had given “them something,” seemed not to have crossed his mind.
Jane Mayer (Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right)
As a New York Times poll later showed, over three-quarters of its supporters identified as Republican. The bulk of the remainder felt the Republican Party was not Republican enough. Finally, although many of its supporters were likely political neophytes, from the start the ostensibly anti-elitist rebellion was funded, stirred, and organized by experienced political elites. On closer inspection, as the Harvard political scientist Theda Skocpol and the Ph.D. student Vanessa Williamson observed in their 2012 book, The Tea Party and the Remaking of Republican Conservatism, the Tea Party movement was a “mass rebellion…funded by corporate billionaires, like the Koch brothers, led by over-the-hill former GOP kingpins like Dick Armey, and ceaselessly promoted by millionaire media celebrities like Glenn Beck and Sean Hannity.
Jane Mayer (Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right)
Promoting that story—a story that fed not trust but resentment—had come to define the modern Republican Party. With varying degrees of subtlety and varying degrees of success, GOP candidates adopted it as their central theme, whether they were running for president or trying to get elected to the local school board. It became the template for Fox News and conservative radio, the foundational text for every think tank and PAC the Koch Brothers financed: The government was taking money, jobs, college slots, and status away from hardworking, deserving people like us and handing it all to people like them—those who didn’t share our values, who didn’t work as hard as we did, the kind of people whose problems were of their own making. The intensity of these convictions put Democrats on the defensive, making leaders less bold about proposing new initiatives, limiting the boundaries of political debate. A deep and suffocating cynicism took hold. Indeed, it became axiomatic among political consultants of both parties that restoring trust in the government or in any of our major institutions was a lost cause, and that the battle between Democrats and Republicans each election cycle now came down to whether America’s squeezed middle class was more likely to identify the wealthy and powerful or the poor and minorities as the reason they weren’t doing better.
Barack Obama (A Promised Land)
Promoting that story—a story that fed not trust but resentment—had come to define the modern Republican Party. With varying degrees of subtlety and varying degrees of success, GOP candidates adopted it as their central theme, whether they were running for president or trying to get elected to the local school board. It became the template for Fox News and conservative radio, the foundational text for every think tank and PAC the Koch Brothers financed: The government was taking money, jobs, college slots, and status away from hardworking, deserving people like us and handing it all to people like them—those who didn’t share our values, who didn’t work as hard as we did, the kind of people whose problems were of their own making.
Barack Obama (A Promised Land)
Nor, it turned out, was the Tea Party the spontaneous, grassroots movement it purported to be. From the outset, Koch brother affiliates like Americans for Prosperity, along with other billionaire conservatives who’d been part of the Indian Wells gathering hosted by the Kochs just after I was inaugurated, had carefully nurtured the movement by registering internet domain names and obtaining rally permits; training organizers and sponsoring conferences; and ultimately providing much of the Tea Party’s financing, infrastructure, and strategic direction.
Barack Obama (A Promised Land)
It’s important to understand that while libertarian philosophy may have been regarded as a fringe movement in American politics, epitomized by Ron Paul followers, it has become the mainstream economic philosophy for both Silicon Valley and the Republican Party, thanks to the Koch brothers. The libertarian belief that the supremacy of the free market is the natural order of things is in reality nothing more than an “imagined order,” which the historian Yuval Noah Harari defines in his book Sapiens as the shared myths we use to induce cooperation. “In order to safeguard an imagined order,” Harari writes, “continuous and strenuous efforts are imperative.” Adam Smith’s “invisible hand” is no more a law of nature or physics than Moses’s Ten Commandments.
Jonathan Taplin (Move Fast and Break Things: How Facebook, Google, and Amazon Cornered Culture and Undermined Democracy)
As Koch put it, “My brother Charles collects money. David used to collect girls, but not anymore. Fred collects castles. And I collect everything.
Benjamin Wallace (The Billionaire's Vinegar: The Mystery of the World's Most Expensive Bottle of Wine)
Congressman Upton insisted that he hadn’t changed his position on environmental issues. But Jeremy Symons, then a senior vice president of the nonpartisan National Wildlife Federation, said that the transformation was “like night and day.” He continued, “In the past the committee majority viewed the Clean Air Act as an effective way to protect the public. Now the committee treats the Clean Air Act and the EPA as if they are the enemy. Voters didn’t ask for this pro-polluter agenda, but the Koch brothers spent their money well and their presence can be felt.” At
Jane Mayer (Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right)
Libertarianism used to have a robust left wing as well. Both disliked government. Both were driven by a fantastically nostalgic conviction that a country of three hundred million people at the turn of the twenty-first century could and should revert to something like its nineteenth-century self. Both had a familiar American magical-thinking fetish for gold—to return to gold as the foundation of U.S. currency because, they think, only gold is real. However, as the post-Reagan Republican mother ship maintained extreme and accelerating antigovernment fervor—acquiring escape velocity during the 2000s, leaving Earth orbit in the 2010s—libertarianism became a right-wing movement. (Also helpful was the fact that extreme economic libertarians included extremely rich people like the Koch brothers who could finance its spread.) Most Republicans are very selective, cherry-picking libertarians: let business do whatever it wants, but don’t spoil poor people with government handouts; let individuals have gun arsenals but not abortions or recreational drugs or marriage with whomever they wish; and don’t mention Ayn Rand’s atheism.
Kurt Andersen (Fantasyland: How America Went Haywire: A 500-Year History)
But the Koch brothers’ network of climate-denial groups announced plans to spend $889 million on the 2016 race, and the rest of the industry-aligned groups engaging in climate denial have a combined budget that will likely exceed $1.5 billion annually.
Shawn Lawrence Otto (The War on Science: Who's Waging It, Why It Matters, What We Can Do About It)
while libertarian philosophy may have been regarded as a fringe movement in American politics, epitomized by Ron Paul followers, it has become the mainstream economic philosophy for both Silicon Valley and the Republican Party, thanks to the Koch brothers.
Jonathan Taplin (Move Fast and Break Things: How Facebook, Google, and Amazon Cornered Culture and Undermined Democracy)
For all intents and purposes, the Republican Party’s top economic advisers are Fox News and talk radio hosts. And Norquist, and Tom Donohue of the Chamber of Commerce, and the Koch brothers, and a few oilmen and bankers. Republicans do only what these people want, which is why, for example, they never passed an infrastructure bill when they had unified control of government in 2017 and 2018.
Michael Tomasky (The Middle Out: The Rise of Progressive Economics and a Return to Shared Prosperity)
With his hopes fading of seeing his brothers criminally prosecuted, Bill Koch pressed an alternative legal strategy that stirred even greater problems for Koch Industries. In his own display of the family’s relentlessness, he filed a whistle-blower lawsuit against Koch Industries under the False Claims Act, accusing the company of stealing oil from government lands. A Civil War–era statute allows citizens to bring such qui tam suits in instances where they can prove that private contractors have defrauded the government. It was essentially the same case as the one that the Oklahoma grand jury had rejected, but the level of proof required in civil cases is lower.
Jane Mayer (Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right)
(Mises, Hayek, Friedman, Rand, Bastiat,
Daniel Schulman (Sons of Wichita: How the Koch Brothers Became America's Most Powerful and Private Dynasty)
Through this technique, a barrel of crude yielded perhaps 11 percent gasoline.
Daniel Schulman (Sons of Wichita: How the Koch Brothers Became America's Most Powerful and Private Dynasty)
As I write this, the Koch brothers, along with the Manhattan Institute, the Bradley Foundation, and America First Legal are financing the attack on racial and queer justice in education by lying to the American public that critical race theory (CRT) is being taught in our nation’s schools and drag queens are grooming children. The Koch brothers don’t simply aim their wealth at model legislation and shifting public perceptions. They also attempt to directly influence electoral results by financing right-wing candidates and movements like the Tea Party.
Bettina L. Love (Punished for Dreaming: How School Reform Harms Black Children and How We Heal)
And harder economic times strained civic trust. As the U.S. growth rate started to slow in the 1970s—as incomes then stagnated and good jobs declined for those without a college degree, as parents started worrying about their kids doing at least as well as they had done—the scope of people’s concerns narrowed. We became more sensitive to the possibility that someone else was getting something we weren’t and more receptive to the notion that the government couldn’t be trusted to be fair. Promoting that story—a story that fed not trust but resentment—had come to define the modern Republican Party. With varying degrees of subtlety and varying degrees of success, GOP candidates adopted it as their central theme, whether they were running for president or trying to get elected to the local school board. It became the template for Fox News and conservative radio, the foundational text for every think tank and PAC the Koch Brothers financed: The government was taking money, jobs, college slots, and status away from hardworking, deserving people like us and handing it all to people like them—those who didn’t share our values, who didn’t work as hard as we did, the kind of people whose problems were of their own making. The intensity of these convictions put Democrats on the defensive, making leaders less bold about proposing new initiatives, limiting the boundaries of political debate. A deep and suffocating cynicism took hold. Indeed, it became axiomatic among political consultants of both parties that restoring trust in the government or in any of our major institutions was a lost cause, and that the battle between Democrats and Republicans each election cycle now came down to whether America’s squeezed middle class was more likely to identify the wealthy and powerful or the poor and minorities as the reason they weren’t doing better.
Barack Obama (A Promised Land)
With varying degrees of subtlety and varying degrees of success, GOP candidates adopted it as their central theme, whether they were running for president or trying to get elected to the local school board. It became the template for Fox News and conservative radio, the foundational text for every think tank and PAC the Koch Brothers financed: The government was taking money, jobs, college slots, and status away from hardworking, deserving people like us and handing it all to people like them—those who didn’t share our values, who didn’t work as hard as we did, the kind of people whose problems were of their own making. The intensity of these convictions put Democrats on the defensive, making leaders less bold about proposing new initiatives, limiting the boundaries of political debate. A deep and suffocating cynicism took hold. Indeed, it became axiomatic among political consultants of both parties that restoring trust in the government or in any of our major institutions was a lost cause, and that the battle between Democrats and Republicans each election cycle now came down to whether America’s squeezed middle class was more likely to identify the wealthy and powerful or the poor and minorities as the reason they weren’t doing better.
Barack Obama (A Promised Land)
According to Doherty’s history, the Kochs came to regard elected politicians as merely “actors playing out a script.” Instead of wasting more time, a confidant of the Kochs’ told Doherty, the brothers now wanted to “supply the themes and words for the scripts.
Jane Mayer (Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right)
According to Charles, Fred’s advice to his sons, after prevailing over Universal, was, “Never sue. The lawyers get a third, the government gets a third, and you get your business destroyed.” Bill Koch took away a different lesson: He would grow up to see litigation as a weapon of righteous retribution.
Daniel Schulman (Sons of Wichita: How the Koch Brothers Became America's Most Powerful and Private Dynasty)
David “liked having a lot of women around,” according to one of his 1980s-era girlfriends. He at one point had his eye on Marla Maples, whom Donald Trump left his first wife to marry. (“Marla’s a babe,” David told New York magazine in 1990. “I wish Donald hadn’t gotten there first.”)
Daniel Schulman (Sons of Wichita: How the Koch Brothers Became America's Most Powerful and Private Dynasty)
Charles and David brought their political resources to bear as never before during the 2012 election, which Charles called “the mother of all wars.” Yet they emerged from the crucible of the campaign having gained little more than a reputation as cartoonish robber barons, all-powerful political puppeteers who with one hand choreographed the moves of Republican politicians and with the other commanded the Tea Party army. As with all caricatures, this one bore only a faint resemblance to reality.
Daniel Schulman (Sons of Wichita: How the Koch Brothers Became America's Most Powerful and Private Dynasty)
In 1992, David Koch likened the brothers’ multipronged political strategy to that of venture capitalists with diversified portfolios. “My overall concept is to minimize the role of government and to maximize the role of the private economy and to maximize personal freedoms,
Jane Mayer (Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right)
On closer inspection, as the Harvard political scientist Theda Skocpol and the Ph.D. student Vanessa Williamson observed in their 2012 book, The Tea Party and the Remaking of Republican Conservatism, the Tea Party movement was a “mass rebellion…funded by corporate billionaires, like the Koch brothers, led by over-the-hill former GOP kingpins like Dick Armey, and ceaselessly promoted by millionaire media celebrities like Glenn Beck and Sean Hannity.
Jane Mayer (Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right)
The Tea Party Movement was a mass rebellion funded by corporate billionaires, like the Koch brothers, led by over-the-hill former GOP kingpins like Dick Armey, and ceaselessly promoted by millionaire media celebrities like Glenn Beck and Sean Hannity.
Jane Mayer (Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right)
the Koch brothers—owned virtually all of what had become under their leadership the second-largest private company in America. They owned four thousand miles of pipelines, oil refineries in Alaska, Texas, and Minnesota, the Georgia-Pacific lumber and paper company, coal, and chemicals, and they were huge traders in commodity futures, among other businesses. The company’s consistent profitability had made the two brothers the sixth- and seventh-wealthiest men in the world. Each was worth an estimated $14 billion in 2009. Charles, the elder brother, was a man of unusual drive, accustomed to getting his way. What he wanted that weekend was to enlist his fellow conservatives in a daunting task: stopping the Obama administration from implementing Democratic policies that the American public had voted for but that he regarded as catastrophic.
Jane Mayer (Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right)
the Tea Party movement was a “mass rebellion…funded by corporate billionaires, like the Koch brothers, led by over-the-hill former GOP kingpins like Dick Armey, and ceaselessly promoted by millionaire media celebrities like Glenn Beck and Sean Hannity.” Behind
Jane Mayer (Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right)
There’s something heroic about wealthy crusaders who aim to spend down their fortunes to improve society—that is, assuming you like what they’re doing. If you don’t, that sense of urgency can be unnerving. How many liberals, for example, would be thrilled if the Koch brothers announced that they intended to give away their vast fortune as quickly as possible to make “America a better place”?
David Callahan (The Givers: Wealth, Power, and Philanthropy in a New Gilded Age)
Climate change was, for them, inconceivable because it would get in the way of profits—the Koch brothers run enormous pipeline networks; they are among the biggest leaseholders in Canada’s tar sands—but also because it marred the purity of their belief system. The antigovernment forces had, at some level, no choice but to deny global warming, because tackling it would have required governments to take strong action—at the very least, to set a price on carbon so that markets could then work their putative magic.
Bill McKibben (Falter: Has the Human Game Begun to Play Itself Out?)
It’s true they didn’t much like Trump, and eventually, given his narcissism, the sentiment was returned. By August 2018, the president was tweeting that, because the Koch brothers opposed his wall and his tariffs, they had “become a total joke in real Republican circles.” But the joke seemed more likely to be on Trump. It was increasingly clear that the Kochs had milked the administration for what they really wanted (tax cuts, deregulation, Supreme Court justices) and were now looking forward to the Pence years.
Bill McKibben (Falter: Has the Human Game Begun to Play Itself Out?)
Paulson surveyed the market and saw one large competitor. There was a pipeline company called Williams Brothers, which shipped about a hundred thousand barrels of gasoline into the Minnesota area each day. Paulson knew that it cost about 6 cents per gallon to ship the gas from the Gulf Coast, where most American refineries were located. This meant that Koch had a 6-cent advantage over Williams Brothers that it could exploit. “I said, ‘We can expand. And we can dry up Williams Brothers,’ ” Paulson recalled. The strategy worked.
Christopher Leonard (Kochland: The Secret History of Koch Industries and Corporate Power in America)
while the world was looking elsewhere, Koch Industries built a financial trading desk that rivaled anything operated by Goldman Sachs or Lehman Brothers. Koch Industries, known for crude oil and natural gas, became a world leader in making and trading some of the most complex financial instruments in the world. Koch’s trading business was a strategic centerpiece of the company’s growth strategy over the next decade. It was also the most striking example of Koch’s ability to amass and exploit information asymmetries, learning more than everyone else and turning huge profits from this advantage. There were no markets more complex and more opaque than the trading markets born during the Bush administration, and Koch Industries mastered them.
Christopher Leonard (Kochland: The Secret History of Koch Industries and Corporate Power in America)
The story line was inflamed by the 2010 Supreme Court decision Citizens United v. Federal Election Commission, which lifted restrictions on campaign donations to independent political groups. This opened the gates for unlimited cash to be poured into the third-party groups that Koch became masterful at employing. It appeared that there were no constraints on the political power that billionaires could wield. The Koch brothers were seen as the primary beneficiaries of the new landscape.
Christopher Leonard (Kochland: The Secret History of Koch Industries and Corporate Power in America)