Posted: 04/17/2014 8:40 am EDT Updated: 04/17/2014 11:59 am EDT
As a result of the disastrous Citizens United Supreme Court decision, billionaires and large corporations can now spend an unlimited amount of money to influence the political process. The results of that decision are clear. In the coming months and years the Koch brothers and other extraordinarily wealthy families will spend billions of dollars to elect right-wing candidates to the Senate, the House, governors' mansions and the presidency of the United States. These billionaires already own much of our economy. That, apparently, is not enough. Now, they want to own the United States government as well.
Four years ago, the Supreme Court handed down the 5-4 ruling in Citizens United vs the Federal Election Commission. A few weeks ago, they announced another horrendous campaign finance decision in McCutcheon vs. FEC giving even more political power to the rich. Now, many Republicans want to push this Supreme Court to go even further. In the name of "free speech," they want the Court to eliminate all restrictions on campaign spending -- a position that Justice Thomas supported in McCutcheon -- and a view supported by the Chairman of the Republican National Committee. Importantly, as a means of being able to exercise unprecedented power over the political process, this has been the position of the Koch brothers for at least the last 34 years.
The Koch brothers are the second wealthiest family in America, making most of their money in the fossil fuel industry. According to Forbes Magazine, they saw their wealth increase last year from $68 billion to $80 billion. In other words, under the "anti-business", "socialist" and "oppressive" Obama administration, their wealth went up by $12 billion in one year.
In their 2012 campaigns, Barack Obama and Mitt Romney each spent a little more than $1 billion. For the Koch brothers, spending more than Obama and Romney combined would be a drop in their bucket. They would hardly miss the few billion dollars.
Given the reality that the Koch brothers are now the most important and powerful players in American politics, it is important to know what they want and what their agenda is.
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.
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