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Hullabaloo


Thursday, April 17, 2014

 
Never say they take their eyes off the ball

by digby

Bernie Sanders reminds us this little historical fact:
It is not widely known that David Koch was the Libertarian Party vice-presidential candidate in 1980. He believed that Ronald Reagan was much too liberal. Despite Mr. Koch putting a substantial sum of money into the campaign, his ticket only received 1 percent of the vote. Most Americans thought the Libertarian Party platform of 1980 was extremist and way out of touch with what the American people wanted and needed.

Fast-forward 34 years and the most significant reality of modern politics is how successful David Koch and like-minded billionaires have been in moving the Republican Party to the extreme right. Amazingly, much of what was considered "extremist" and "kooky" in 1980 has become part of today's mainstream Republican thinking.

Let me give you just a few examples:

In 1980, Libertarian vice-presidential candidate David Koch ran on a platform that called for abolishing the minimum wage. Thirty-four years ago, that was an extreme view of a fringe party that had the support of 1 percent of the American people. Today, not only does virtually every Republican in Congress oppose raising the $7.25 an hour minimum wage, many of them, including Republican leaders like Mitch McConnell and John McCain, are on record for abolishing the concept of the federal minimum wage.

In 1980, the platform of David Koch's Libertarian Party favored "the abolition of Medicare and Medicaid programs." Thirty-four years ago, that was an extreme view of a fringe party that had the support of one percent of the American people. Today, the mainstream view of the Republican Party, as seen in the recently passed Ryan budget, is to end Medicare as we know it, cut Medicaid by more than $1.5 trillion over the next decade, and repeal the Affordable Care Act. According to the Center on Budget and Policy Priorities, "Under the Ryan plan, at least 40 million people -- 1 in 8 Americans -- would lose health insurance or fail to obtain insurance by 2024. Most of them would be people with low or moderate incomes."
There's more. And it's chilling.

So is this:
Charles and David Koch hit a milestone on Wednesday, as a $1.3 billion boost to their collective fortune sent their net worth above $100 billion, according to Bloomberg News.

The brothers are majority stakeholders in Koch Industries, the second-largest privately held company in the U.S., after Cargill Inc. They are now the fifth- and sixth-wealthiest people in the world.
They had half of that --- still an obscene amount of money --- just three years ago.

They could easily spend 50 billion dollars on politics and still be among the 10 richest people in America. And they are just the kind to do it. They are radical, true believers who have only one big mission in life. I think you can see by their "platform" what that is.

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