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How Koch Industries Makes Billions by Demanding Bailouts and Taxpayer Subsidies Part 1

UK Uncut - Brighton, Saturday 18th December 2010

Image by Dominic's pics via Flickr

– Koch Industries won massive government contracts using their close relationship with the Bush administration. The Bush administration, in a deal even conservatives alleged was a quid pro quo because of Koch’s campaign donations, handed Koch Industries a lucrative contract to supply the nation’s Strategic Petroleum Reserve with 8 million barrels of crude oil. The SPR deal, done initially in 2002, was renewed in 2004 by Bush administration officials. During the occupation of Iraq, Koch won significant contracts to buy Iraqi crude oil

–Although Koch campaigned vigorously against health reform — running attack ads, sponsoring anti-health reform Tea Parties, and comparing health reform to the Holocaust — Koch Industries applied for health reform subsidies made possible by the Obama administration.

– The Koch brothers have claimed that they oppose government intervention in the market, but Koch Industries lobbies aggressively for taxpayer handouts. In Alaska, blogger Andrew Halcro reported that a Koch subsidiary in Fairbanks asked Gov. Sarah Palin’s administration to use taxpayer money to bail out one of their failing refinery.

via How Koch Industries Makes Billions by Demanding Bailouts and Taxpayer Subsidies Part 1.

One Response

  1. Typical snake oil salesmen. Bail them out, and the hell with everybody else. The more they have, the more they want.

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