It’s good to know that there is bipartisan consensus that the Kochs have been on a decades-long self-serving crusade to augment their oil fortune. National Review just wants you to know that it’s been successful.
National Review’s Jay Weiser penned a response piece to the New York Times’ profile of David Koch and the Libertarian Party’s 1980 platform. The funny thing is, Weiser’s only real pushback was to the Times’ characterization of the campaign as “quixotic.” He sets the table nicely:
“The Kochs — then as now wealthy energy entrepreneurs — were drawn into political activism by the Nixon-Ford-Carter era energy crisis. … In that decade, Koch Industries, the family business, ran into legal trouble for violating federal energy price controls.
When the Kochs plunged into politics, brother David, taking advantage of a campaign-finance loophole, exercised his First Amendment right to spend unlimited amounts of money on his vice-presidential campaign.”
Weiser then asserts that even though the Libertarian Party’s campaign was a failure in terms of garnering votes or media coverage, it was a success in driving Reagan to immediately end oil pricing regulations upon his inauguration.
“Far from being quixotic, the Kochs’ key policy prescription triumphed. Deregulation ultimately helped the Kochs greatly increase their fortune…”
National Review is absolutely correct. Koch’s 1980 VP bid was a major success at doing the one thing the Kochs have ever wanted to do: “greatly increase their fortune.”