Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

2016 Postmortem

Showing Original Post only (View all)

draa

(975 posts)
Sat Jan 23, 2016, 08:19 PM Jan 2016

The Koch Brothers Have Gotten Much, Much Richer Under Obama [View all]

Their net worth has more than doubled since the president was elected.

Sam Levine
Associate Politics Editor, The Huffington Post

Charles and David Koch, the billionaire brothers who have spent hundreds of millions of dollars building a conservative network to oppose Democrats, have actually done very well for themselves since President Barack Obama took office.

The Koch brothers, who believe strongly in a market-based libertarian philosophy, each had a net worth of $19 billion in 2008, the year Obama was elected to office, according to Forbes. The fortune dipped slightly in 2009 to $16 billion amid a financial crisis that was caused, in part, by the kind of limited government oversight they believe in.

But the Kochs have rebounded nicely. According to Forbes, the brothers are now worth $41 billion each, meaning their fortune has more than doubled under Obama.

http://www.huffingtonpost.com/entry/koch-brothers-net-worth_us_56a3ac86e4b076aadcc6d1f4


For a little contrast on this story I'll add this as well.

More children are in poverty today than before the Great Recession

BY Laura Santhanam and Megan Hickey July 21, 2015 at

One out of five American children live in poverty, and we have the Great Recession to blame.

That’s according to a new report out today from the Annie E. Casey Foundation that tracks the overall well-being of children in the United States.

Today, 22 percent of children live in poverty, up from 18 percent in 2008.

Despite policies and programs designed to help families recover, the economic slowdown left many families behind, said Laura Speer. She is the foundation’s associate director for policy reform and advocacy and oversees the national KIDS COUNT project.

http://www.pbs.org/newshour/updates/childhood-well-study/


This is what "Status Quo" does for our children. It's immoral and obscene that our children go hungry while the 1% get the protection of our politicians. We can change this but there's only ONE way.

40 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
K&R nt LiberalElite Jan 2016 #1
See, a rising tide really does raise all yachts Fumesucker Jan 2016 #2
These two sets of quotes tell quite a story don't they. PatrickforO Jan 2016 #3
And this is what Clinton wants to continue. draa Jan 2016 #5
The ultimate obscenity. Bernie has just reorganized the information and publicized it to libdem4life Jan 2016 #4
. . . and yet they hate him. n/t Triana Jan 2016 #6
Can't blame them can you. Kalidurga Jan 2016 #11
K&R (nt) Autumn Colors Jan 2016 #7
I didn't even have to look at the map knowing it was about childhood poverty Kalidurga Jan 2016 #8
Thank you very much Kalidurga. draa Jan 2016 #9
No problem Kalidurga Jan 2016 #10
Obama, at the time he came into office, could have tried to be a new FDR Dems to Win Jan 2016 #12
I think he was naive and thought he could get help from across the isle. draa Jan 2016 #13
Agreed. SoapBox Jan 2016 #23
I think his first mistake was not tackling unemployment first. 900K lost their jobs the month he roguevalley Jan 2016 #32
So very true. chervilant Jan 2016 #34
Actually, the stimulus bill passed long before the ACA jeff47 Jan 2016 #35
K&R CharlotteVale Jan 2016 #14
Kicked and recommended. Uncle Joe Jan 2016 #15
Any time Joe. Thanks for the Rec. draa Jan 2016 #16
93% of all economic gains have gone to the .01%, there's a serious problem with that! Dont call me Shirley Jan 2016 #17
Wow that is jawdropping. snagglepuss Jan 2016 #18
Thank you snagglepuss. draa Jan 2016 #19
The solution (eventually): Nationalization forest444 Jan 2016 #20
Jury Results TipTok Jan 2016 #21
Outrageous. SoapBox Jan 2016 #22
pffft. People don't want to hear the truth about their heroes. nt m-lekktor Jan 2016 #24
nice smackdown Skittles Jan 2016 #25
I wear that attempt as a Badge of Honor. draa Jan 2016 #27
So now you wish to pit Bernie against Obama. byronius Jan 2016 #26
Thank you for your reply. draa Jan 2016 #28
That is the smug and self-satisfied response I would expect. byronius Jan 2016 #29
I see this quite often. chervilant Jan 2016 #36
Oh, I support Bernie. byronius Jan 2016 #37
OMG! chervilant Jan 2016 #38
Well, chervilant, thanks for your reasoned response. byronius Jan 2016 #39
Outstanding set of posts, byronius. Tanuki Jan 2016 #40
Man I love the ignore button. draa Jan 2016 #30
k/r good post 840high Jan 2016 #31
I think they mean AwakeAtLast Jan 2016 #33
Latest Discussions»Retired Forums»2016 Postmortem»The Koch Brothers Have Go...»Reply #0