Daily Archives: February 3, 2011

Truthout: The Kochs Are Coming

February 3, 2011- Rancho Mirage, California – The multibillionaire Koch brothers are used to running their nefarious network of political front groups from behind closed doors, keeping their identities and self-serving involvement secret from the media and us hoi polloi.

For more than three decades, Charles and David Koch have been quietly funneling tens of millions of dollars from their industrial fortune into the Cato Institute, Federalist Society, Heritage Foundation, Americans for Prosperity, FreedomWorks and dozens of other right-wing organizations set up to push their extremist laissez-faire agenda of plutocratic rule. From behind their plush curtain, they've operated as the right wing's Wizard of Oz — only Ozzier.

LA Progressive: As Tea Party Koch Brothers Earned $11 Billion, They Laid Off Thousands

February 3, 2011- David and Charles Koch, co-owners of Koch Industries and primary financiers of the Tea Party, have amassed one of the world’s largest private fortunes and Koch Industries is the second largest privately held company in America. Koch sycophants in the media have attacked anyone daring to criticize the company because Koch Industries employs nearly 50,000 people, according to a study produced by Koch Industries last week. In the last two years, David and Charles Koch have jumped from each being worth $16 billion to now being worth $21.5 billion. That means together they went from being worth $31 billion dollars to being worth $42 billion today. David is now the richest man in New York City, and the pair are now on the nation’s top ten list for richest Americans.

However, at a time when the Koch brothers were enjoying spectacular financial gains, Koch Industries laid off well over 2,000 people. Using the same approximate “jobs multiplier” Koch Industries used in its study last week, that means Koch Industries extinguished nearly 8,000 jobs in recent years:

Copyright Kochwatch 2014. All rights reserved.