Wingnut Welfare in Action

Good for the New Yorker, following the money trail that set up so much of the right wing infrastructure.

With his brother Charles, who is seventy-four, David Koch owns virtually all of Koch Industries, a conglomerate, headquartered in Wichita, Kansas, whose annual revenues are estimated to be a hundred billion dollars. The company has grown spectacularly since their father, Fred, died, in 1967, and the brothers took charge. The Kochs operate oil refineries in Alaska, Texas, and Minnesota, and control some four thousand miles of pipeline. Koch Industries owns Brawny paper towels, Dixie cups, Georgia-Pacific lumber, Stainmaster carpet, and Lycra, among other products. Forbes ranks it as the second-largest private company in the country, after Cargill, and its consistent profitability has made David and Charles Koch—who, years ago, bought out two other brothers—among the richest men in America. Their combined fortune of thirty-five billion dollars is exceeded only by those of Bill Gates and Warren Buffett.

The Kochs are longtime libertarians who believe in drastically lower personal and corporate taxes, minimal social services for the needy, and much less oversight of industry—especially environmental regulation. These views dovetail with the brothers’ corporate interests.

Hat tip: C&L

Caught in the act

Jed at Daily Kos has a good summary of Faux News getting caught with their hand in the till, so to speak.

The video isn’t really a surprise: anyone whose watched coverage of protests can see that Fox is sympathetic to the protesters, but this video offered a rare behind-the-scenes glimpse of Fox actually fueling the fire of the very same crowds they claim to be covering.

All the news that’s fit to invent.