Charles Koch Quotes
… prosperity is under attack by the Obama administration
He and his brother were the largest political contributors in the United States, so they had enormous influence on Republicans (they only made political contributions to conservative organizations).
Charles Koch, Businessman & Philanthropist, Co-owner, chairman of the board, and chief executive officer of Koch Industries,, Quoted in Kate Zernike, "Secretive Republican Donors Are Planning Ahead", New York Times, October 25, 2010
Sourced by: Eigen's Political and Historical Quotations
For almost a century this is an attack that conservative Republicans had made on Democrats. Yet the two greatest period of poverty, the Great Depression and the Great Recession occurred in Republican Administrations and recovery began under Democratic Presidents. The two great targets accused of wanting to spread the wealth around were Presidents Clinton and Obama In each case, the country was more affluent after 4 years of spreading the wealth, there were more jobs and average incomes were up—well better than when they took office from Republicans. There are two great theories of how wealth and prosperity is created. Conservatives argue that government should give money (or reduce tax burdens) and resources to the wealthy and they will invest it to create jobs and everyone will prosper. Liberals argue that the government should invest (spend money) in programs that strengthen the middle class and give them money or (reduce their tax burdens) and consumer spending which accounts for 70 percent of the economy will increase and the rich owners of the corporations will also make more money. Clearly both of these approaches seem to have worked at different times in American history; however, both of them have been failures at other times. (The George W. Bush and Jimmy Carter Administrations for example.) However, that is the political economic issue which must be decided by each American generation.
See {34743} or {33971} for a more colorful and eloquent statement of the same notion.
Charles de Ganahl Koch is an American billionaire businessman and philanthropist. As of April 2021, he was ranked as the 15th-richest person in the world on Bloomberg Billionaires Index, with an estimated net worth of $63.1 billion. Koch has been co-owner, chairman, and chief executive officer of Koch Industries since 1967, while his late brother David Koch served as executive vice president. Charles and David each owned 42% of the conglomerate. The brothers inherited the business from their father, Fred C. Koch, then expanded the business. Originally involved exclusively in oil refining and chemicals, Koch Industries now includes process and pollution control equipment and technologies, polymers and fibers, minerals, fertilizers, commodity trading and services, forest and consumer products, and ranching. The businesses produce a wide variety of well-known brands, such as Stainmaster carpet, the Lycra brand of spandex fiber, Quilted Northern tissue, and Dixie Cup.
