Liberal Billionaires Good, Conservative Billionaires Evil
Liberals love their billionaires, a very long and sometimes radical list that includes Barack Obama's special favorites Warren Buffet and George Soros. Warren Buffet provides economic advice to his goofy novice, and then has to watch our over-rated chief executive herald that a non-existent metric - the profit-to-earnings ratio - had reached levels that cried out to all those sitting on the sidelines to jump back into the stock market.
Though it must painful for Buffett to listen to his marionette's mangled message, Buffet gets to sleep at night secure in the knowledge that the 10% interest he collects on his preferred shares of GE and Goldman Sachs (purchased at the height of the financial crisis in 2008) will never be in jeopardy from a government engineered corporate bankruptcy no matter how brutally Obama might wage war on the rest of capitalism's participants. Buffet was not one of the unfortunate bondholders reamed by Obama's nationalization of GM or Chrysler. Crony capitalism, a pretty word for fascism, works.
Nor is there any fear that Michelle Obama, Queen of Aragon, will seriously attack the diabetes factory called Coca Cola, one of Buffet's largest equity positions, during her crusade against childhood obesity.
The special case of George Soros, Nazi collaborator, destroyer of British sterling, funder of countless nefarious leftist causes and one of the most frequent visitors to the White House has been described in detail elsewhere.
For liberals there is a special place in hell for conservative billionaires who support free market economic think tanks and causes. David and Charles Koch, who own the private conglomerate Koch industries, come in for special ignominy in a recent New Yorker article. Among the sins committed by the Koch brothers are the fact that, "The Kochs are longtime libertarians who believe in drastically lower personal and corporate taxes " and that "Charles and David Koch were particularly influenced by the work of Friedrich von Hayek, the author of "The Road to Serfdom" (1944), which argued that centralized government planning led, inexorably, to totalitarianism."
We even learn that the Kochs support the Tea Party, anti-global warming advocacy organizations, and the conservative Cato Institute.
Liberal la-la land is such that you can comb this long, paranoid left-wing hit piece without ever coming across an estimate of the amount of taxes Koch Industries pays or the number of employees supported by the conglomerate's manufacturing-heavy portfolio of companies.
Claude can be reached at firstname.lastname@example.org