Saturday, October 09, 2010

The ultra-wealthy plutocrats have declared war on America

The Citizen's United Supreme Court Decision has unleashed a storm of money into American politics as the ultra-wealthy plutocrats try to destroy or take control of American government. They cannot accept that there is another political power in this nation that rivals their own. Some of the individuals involved were named in an earlier post here. Frank Rich at the New York Times has provided additional detail to flesh out this story.
...local chapters of Tea Party Patriots routinely received early training and support from FreedomWorks, the moneyed libertarian outfit run by the former Republican House majority leader and corporate lobbyist Dick Armey. FreedomWorks is itself a spinoff from Citizens for a Sound Economy, a pseudo-grassroots group whose links to the billionaire Koch brothers were traced by Jane Mayer in her blockbuster August exposé in The New Yorker. Last week the same Tea Party Patriots leader who bragged to the National Journal about all those small donations announced a $1 million gift from a man she would identify only as an entrepreneur. The donor’s hidden identity speaks even louder than the size of the check. As long as we don’t know who he is, we won’t know what orders he’s giving either.

Such deep-pocketed mystery benefactors — not O’Donnell, whose reported income for this year and last is $5,800 — are the real indicators of what’s going on under the broad Tea Party rubric. Big money rains down on the “bottom up” Tea Party insurgency through phantom front organizations (Americans for Prosperity, Americans for Job Security) that exploit legal loopholes to keep their sugar daddies’ names secret. Reporters at The Times and The Washington Post, among others, have lately made real strides in explaining how the game works. But we still don’t know the identities of most of those anonymous donors.

From what we do know, it’s clear that some Tea Party groups and candidates like Sharron Angle, Paul and O’Donnell are being financed directly or indirectly not just by the Kochs (who share the No. 5 spot on the new Forbes 400) but by a remarkable coterie of fellow billionaires, led by oil barons like Robert Rowling (Forbes No. 69) and Trevor Rees-Jones (No. 110). Even their largess may be dwarfed by Rupert Murdoch (No. 38) and his News Corporation, whose known cash contributions ($2 million to Republican and Republican-tilting campaign groups) are dwarfed by the avalanche of free promotion they provide Tea Party causes and personalities daily at Fox and The Wall Street Journal.

However much these corporate contributors may share the Tea Party minions’ antipathy toward President Obama, their economic interests hardly overlap. The rank and file Tea Partiers say they oppose government spending and deficits. The billionaires have no problem with federal spending as long as the pork is corporate pork. They, like most Republican leaders in 2008, supported the Bush administration’s Wall Street bailout. They also don’t mind deficits as long as they get their outsize cut of the red ink — $3.8 trillion worth if all the Bush tax cuts are made permanent.

But while these billionaires’ selfish interests are in conflict with the Tea Party’s agenda, they are in complete sync with the G.O.P.’s Washington leadership. The Republicans’ new “Pledge to America” promises the $3.8 trillion addition to the deficit and says nothing about serious budget cuts or governmental reforms that might remotely offset it. Surfing the Beltway talk shows last Sunday, you couldn’t find one without a G.O.P. politician adamantly refusing to specify a single program he might cut at, say, the Department of Education (Pell grants?) or the National Institutes of Health (cancer research?). And that’s just the small change. Everyone knows that tax cuts for the G.O.P.’s wealthiest patrons must come out of Social Security and Medicare payments for everybody else.

The tea partiers are masquerading as a grass roots movement, but in fact they are an astroturf stalking host for the wealthy conservatives who are still angry that during the Great Depression FDR kept them from grabbing the power which they feel entitled to. The Great Recession is their next chance. They have been buidling for this opportunity since the hapless Jimmy Carter let Ronald Reagan grab the American Presidency in 1980.

1 comment:

Anonymous said...

This is pretty good stuff.

I mean the posts are terrific.

The information contained therein is mighty scary.

dikkday