Judging from Senate Majority Leader Harry Reid’s nearly daily diatribes on the floor of the U.S. Senate, George W. Bush has been retired as the most despised villain and the cause of all the evils that plague the world. Bush has been replaced by the Koch (a Dutch name, pronounced “Coke”) brothers, who are often maligned by the left for their pecuniary influence in politics. Since those on the left are not equally malevolent toward George Soros, who does the same thing, it’s clearly not the money in politics that bothers them — it’s the ideology.
The Washington Post’s Pulitzer Prize winning Fact Check granted a “Four Pinocchio” rating to Reid’s latest round of attacks. The Post says Reid is “setting a high standard for deceptive speech,” and concludes that Reid’s party is “reaching blindly” for someone to cast the blame of their own failures on. The paper, critical of the falsity of Reid’s claim, chides him with, “If you want to join a gun fight, don’t fire blanks.”
David and Charles Koch are brothers who run Koch Industries, an oil refinery business that is the second largest private firm in the country. The brothers are tied at number 6 on Forbes top billionaires list with personal net worth of about $41 billion each. They’ve expanded and maintained their fortunes by successfully providing the refined product that keeps America moving – oil.
George Soros is chairman of Soros Fund Management, a hedge fund company. Soros is number 27 on Forbes list with a net worth of $23 billion. He’s made his fortune in large part by selling short against international currencies and collapsing financial institutions. In 1997, he was dubbed “the man who broke the Bank of England”; and he was blamed by the Malaysian Prime Minister for collapsing their currency during the Asian financial crisis. He was also convicted of illegal financial dealings in France. His big bet now is collapsing the U.S. dollar and the free enterprise system.
Economist Paul Krugman has been critical of Soros and others like him, “who not only move money in anticipation of a currency crisis, but actually do their best to trigger that crisis for fun and profit. These new actors on the scene do not yet have a standard name; my proposed term is ‘Soroi’.”
The Koch brothers and Soros spend lavishly in politics. They support individual candidates, contribute to political party campaign funds, lobby politicians, bankroll political action committees, and have established foundations and think tanks to influence politics.
The Kochs spend by far the most, but the bulk of it goes to lobbying. The Open Society Institute is one of George Soros’ organizations, and they provide part of the funding of OpenSecrets.org; so even realizing that their data may be skewed toward a more pejorative coverage of the Kochs, I’m going to rely on their data. According to Open Secrets, the Koch brothers have spent (or as liberals typically describe it, “invested”) over $50 million in lobbying from 1998-2010. During that same time, Soros and his primary Lobbying organization, the Open Society Policy Center, spent about $13 million.
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