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You Thought the Koch Brothers Were Bad? Turns Out They're Even Worse Than You Thought

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ensho Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-07-11 10:46 AM
Original message
You Thought the Koch Brothers Were Bad? Turns Out They're Even Worse Than You Thought

http://www.alternet.org/teaparty/150520/you_thought_the... /


Charles and David Koch's reach into virtually every aspect of political, economic and physical life on the planet is probably greater than you thought possible.


-snip-

Consider, for instance, the Kochs' role in the financial business. You thought Koch Industries was just a high-polluting oil-and-gas-based conglomerate? Add in the part played on Wall Street by Koch Supply & Trading, and the depth of the Koch imprint on the economy is revealed. From Carrk's report:


First, the Koch brothers fought efforts to give the Commodity Futures Trading Commission more oversight over speculative trading, whereby companies can artificially inflate prices on things such as oil, during the Wall Street reform debate. One of the Koch companiesKoch Supply & Tradingtakes part in oil and derivatives trading. We should point out that oil speculation has reached an all-time high at the same time gas prices continue to skyrocket.

-snip of how they fund Amserican for Prosperity-

Similarly, Americans for Prosperity supports the House continuing resolution that cuts spending by $61 billion. Those cuts would reduce the budget for the CFTC by one-third. Make no mistake: Gutting the CFTC or limiting its authority would be a boon to Wall Street businesses that use complex financial instruments. But while the result is more profits for oil companies, it means everyone else pays more at the pump.

-snip of them paying off Sen./Reps-

The Kochs donated directly to 62 of the 87 members of the House GOP freshman class...and to 12 of the new members of the U.S. Senate.

-snip of the many more ways they use their money to influence Sen/Rep/committees/states/other countries-
-------------------------------

I can only post so much

you must read it all

we need a group to work on bringing these criminals down

a group of people that can't be bought, blackmailed, intimidated, bullied, or conviently murdered.
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CurtEastPoint Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-07-11 10:47 AM
Response to Original message
1. Campaign finance and prohibiting corporate $$ are the only way
this will ever stop but which of the 535 are going to kill the goose that laid and continues to lay golden eggs for them?
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Frustratedlady Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-07-11 11:20 AM
Response to Original message
2. Another example of why trickle down was a bad idea.
It allowed kooks like the Kochs to amass money and to use it to take more and more money from us. Some people can handle wealth, but, unfortunately, most can't.

Someone needs to wipe those sleazy grins from their mugs. Just seeing those photos make me ill.
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