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Social Security's 2032 deadline puts a 22% cut on the table — but Washington has way less room to negotiate than 1983

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Boomers actually do hold most of the wealth and power. So why do they call it 'whiny' to point that out?

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CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea

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Social Security's 2032 deadline puts a 22% cut on the table — but Washington has way less room to negotiate than 1983

2

Boomers actually do hold most of the wealth and power. So why do they call it 'whiny' to point that out?

3

CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea
Donald Trump

Donald Trump Escalates Attacks on Mega Donor Charles Koch

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Bloomberg
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August 2, 2018, 3:48 PM ET

President Donald Trump resumed his attacks on mega donor Charles Koch, who has built one of the most influential groups in conservative politics, as the two men continue to stake out conflicting views for the future of the Republican Party.

“Charles Koch of Koch Brothers, who claims to be giving away millions of dollars to politicians even though I know very few who have seen this (?), now makes the ridiculous statement that what President Trump is doing is unfair to ‘foreign workers,”’ Trump tweeted Thursday. “He is correct, AMERICA FIRST!”

The president appeared to be referencing pro-free-trade comments Koch made to reporters Sunday in Colorado, when he mentioned fairness to people in other nations where manufacturing is subsidized by the government.

“It’s unfair to their people, if they’re selling goods to us at below cost,” said Koch, 82, the chairman and chief executive officer of Koch Industries, the second-largest closely held company in the U.S.

Charles Koch of Koch Brothers, who claims to be giving away millions of dollars to politicians even though I know very few who have seen this (?), now makes the ridiculous statement that what President Trump is doing is unfair to “foreign workers.” He is correct, AMERICA FIRST!

— Donald J. Trump (@realDonaldTrump) August 2, 2018

Koch then mockingly referenced a top discount retailer where Americans benefit from low prices on imported goods. “You go to Walmart, they’re going to discount,” he said. “Oh, we can’t do that. That’d be unfair to us. It’s ridiculous.”

James Davis, a spokesman for the public policy and political network built by the Kochs, responded to Trump with a statement Tuesday afternoon.

“We will work together with the president, elected officials and others where we agree,” he said. “And, where we disagree, we will do so in a civil way. This is what it will take to make progress on the issues and ultimately create a society of mutual benefit, where people succeed by helping others.”

Koch also told reporters that he worries Trump’s trade policies could trigger a recession, if they became restrictive enough. The billionaire industrialist was measured in his criticisms, but his top deputies had sharply condemned the president’s leadership style a day earlier.

In two tweets Tuesday, Trump called brothers Charles and David Koch “globalists” who “have become a total joke in real Republican circles.” He called their network, which has funneled millions to Republican candidates and causes, “highly overrated” and said he’s “beaten them at every turn.”

The Koch brothers didn’t support Trump in 2016 and the two sides have clashed over Trump’s opposition to long-held conservative beliefs on government spending and free trade, as well as a more welcoming stance held by the network on immigration. But Trump has demonstrated a tight hold over GOP voters that has made Republican politicians wary of crossing him.

Keeping the network happy is important to Republicans, especially in election years. It plans to spend about $400 million on state and federal policy and politics during the two-year cycle that culminates with November’s balloting, a 60 percent increase over 2015-16. Besides trying to influence electoral politics, the organization also works on education, criminal justice, workforce and poverty issues.

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