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Latest Koch Industries Items
Several big corporations have reaped millions of dollars from "Obamacare" even as they support GOP candidates who vow to repeal the law. This condemn-while-benefiting strategy angers Democrats, who see some of their top congressional candidates struggling against waves of anti-Obamacare ads partly funded by these companies.
While Democrats hammer away at the influence of the Koch brothers, conservatives are swinging back by pointing to the liberal campaign activism and free-spending ways of the wealthy Steyer brothers, Jim and Tom.
Just kidding. I know who the Koch brothers are. They're the billionaire oil magnates who control 4,000 miles of pipeline and whose corporation, Koch Industries, owns dozens of companies like Georgia-Pacific lumber, Stainmaster carpet, Brawny paper towels, Angel Soft toilet paper, even Dixie cups. Net sales: $115 billion. A year.
Koch Industries sent a letter Wednesday to senators declaring they are not pulling the strings behind the scene to orchestrate the government shutdown.
Los Angeles Times columnist Steve Lopez addressed the issue on everyone's lips last week during the paper's in-house awards ceremony, Huffington Post blogger Kathleen Miles reports.
The left is trying to convince the public to hate the Koch brothers. The billionaire businessmen Charles and David Koch are a favorite target of liberals because their support of free-market causes serves as a counterbalance to the inordinate sums given to Democrats from unions and Hollywood.
Democrats demanded Wednesday that Koch Industries officials testify before Congress about whether they have any financial stake in the Keystone XL pipeline, as President Obama's allies sought to limit political damage from his decision this month to reject the project.
When President Obama signed the American Recovery and Reinvestment Act into law, the Democratic majority told us it would cost $787 billion and keep unemployment below 8 percent. Neither proved to be true. Unemployment has risen to 9.6 percent, and the Congressional Budget Office anticipates that the law will increase deficits by $814 billion.
A federal inspector general is looking into whether the Obama administration used confidential taxpayer information in an effort to attack a political opponent, Koch Industries.