Let’s start off with a random list of Billionaires who want Big Brobama erected as president, whether they are guilty about their wealth and want to push a left-wing agenda, or because they see a socialist government as an easier way for them to exert more personal power over the world, or both, or because they have some other reason rooted in potty-training or abusive parents: Stephen Bing, John Sperling, Andrew Rappaport, Teresa Heinz-Kerry, Herbert and Marion Sandler (Pro Publica) Stephen Rockefeller and the entire Rockefeller family, Ted Turner, Bill Gates, Warren Buffett, George Soros, Maurice Strong, Peter Lewis, Oprah WInfrey, David Geffen, Steven Spielberg, George Lucas.
Then there are mere millionaires like Joel Hyatt and Mark Walsh.
Not to mention the usual rogues’ gallery of tax-exempt foundations: Ford Foundation, Pew Charitable Trust, the Nature Conservancy.
The Wall Street Journal a few weeks ago reminded me of the story of how J.P. Morgan almost exactly 100 years ago single-handedly resolved a similar banking debacle by bringing top American bankers together to fix and sort out the problems.
Why have our top business leaders and billionaires not done something similar now? Modesty? Fear of seeming political or interfering in the political process?
I now believe many billionaires have been doing something and have interfered in the political process, but not to solve the crisis.
To catalyze it and prolong it.
For some of you this may be old news: but one motivation for the above people was the re-election of W. in 2004.
After seeing W.’s election as another “Pearl Harbor” George Soros took action:
In April 2005, Soros and the other major players assembled a large group for a secret planning session. Seventy millionaires and billionaires met in Phoenix, Ariz., to discuss how to develop a long-term strategy. The attendees, including former Clinton White House aides Mike McCurry and Sidney Blumenthal and PBS talking head Bill Moyers, listened as officials from all the pro-Democratic Party 527 groups on which they had lavished millions of dollars explained why they failed to deliver the election to Kerry.
Interestingly, the New York Times in an article by Matt Bai from July 25, 2004, revealed Soros-led leftist billionaires organizing themselves politically:
The real significance of Soros’s involvement in politics has little to do with the dollar amount of his contributions. What will stand out as important, when we look back decades from now at the 2004 campaign, will be the political model he created for everyone else. Until this year, Democratic contributors operated on the party-machine model: they were trained to write checks only to the party and its candidates, who decided how to spend the money. But by helping to establish a series of separate organizations and by publicly announcing that he was on a personal mission to unseat Bush, Soros signaled to other wealthy liberals that the days of deferring to the party were over. He became what the financial world would call the angel investor for an entirely new kind of progressive venture.
And just one tiny example of the power of these people: the Sandlers mentioned in the list above, and involved in the subprime mess via Wachovia Bank, may have also been involved in getting NBC to cancel the SNL skit about the bank bailout.
So why have these concerned citizens not banded together to stabilize the stock market by saying they will start investing in stocks, because there are so many good bargains out there now? (And there really are.)
It would seem the answer is obvious: they will not be buying anything until after the Erection of Big Brobama as President. (Yes, erection, not a mistake.)
A more troubling question: Where Are The Voices of the Conservative Billionaires/Millionaires Right Now?