Sunday, January 31, 2016

CLAIM Koch Brothers Backed Bankster Bailout

I have already written that lefty author Jane Mayer appears to written a well researched new book that contains a heavy focus on the Koch brothers,  Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right.

I am just now starting to delve deep into the book and came across this fascinating claim by Mayer:
[M]any reporters assume...Kochs opposition to Obama as stemming from their principal disagreement over issues such as the TARP bail out. But none of this was true. Had people checked the record carefully they would have found it  quite revealing. At first the Kochs' political organization, Americans for Prosperity (AFP), had in fact taken what appeared to be a principled libertarian position against the bailouts. But the organization quickly and quietly reverse sides when the bottom began to fall out of the stock market threatening the Kochs' vast investment portfolio...

 [A]fter the unexpected House vote as the measure was about to be considered by the Senate, a list of conservative groups now supporting the bailouts was circulated behind the scenes to Republican legislators in hopes of persuading them to vote for the bailouts. Among the groups now listed as supporters was Americans for Prosperity. Soon after the Senate passed harp with overwhelming bipartisan support. A source familiar with the Kochs' thinking says that Americans for Prosperity's flip- flop mirrored their own.


1 comment:

  1. Interesting. If this is true, it should be easy to establish. And damning. You quote her as writing: "Among the groups now listed as supporters was Americans for Prosperity." What do you suppose the word "now" purports? And who is the "source"?