Posts in Category: Hillary Clinton

Charles Koch Supporting Clinton for President?

Libertarian billionaire Charles Koch has never been shy when  it comes to sharing his opinion on politics, and he’s done just that when it comes the presidential race and his disillusionment with what the Republican party has to offer for the most important job in the nation.

Charles Koch and his brother David have long been at targeted for scrutiny due to their frequent investments in political campaigns that seemingly align with their conservative leanings. Yet both brothers remain a constant source of fascination within the media when it comes to politicians running the country.

During an interview with ABC, Charles was asked on his opinion regarding the tenure of presidents George W. Bush and Bill Clinton, and which of the two he found to be more effective in bettering the country. While he did not agree with everything under the Clinton administration, Charles cited the expansion of the government and the increased spending as egregious under Bush and cited Clinton as the better of the two.

This of course sparked some curiosity, considering Charles’ continued displeasure with the Republican candidates for president, and was asked if Hillary Clinton was preferable to those candidates. To this, Charles stated that such a sentiment was possible.

This, however, did not translate to unwavering support for the former Secretary of State, whose policies are not exactly in line with his own. In order to receive his support for her bid for the presidency, Koch stated that a President Hillary Clinton would have to have actions that differ from the campaign rhetoric she’s delivered over the past year or so.

News of this quickly made the rounds on the media, and the Clinton campaign responded with a tweet that emphatically stated her disinterest in any support from the billionaire industrialist.

Will Hillary regret rejecting his support? It’s estimates that the Koch network has gathered about $400 million in funds to support down-ticket races as well as the presidential run. But so far their main concern has been Senate races, especially where Republicans stand a chance to remove Democrat seats.

As for his disagreements with Trump, Charles has said that the race lacks role models, which has made him disinterested in the Republican race for president. He doesn’t see himself supporting them come November.

Charles Koch is the co-owner, chief executive officer and chairman of the board of Koch Industries along with his brother David, the executive vice president. Both inherited 84% of the company from their late father Fred Koch. Under his tenure, the company has expanded its focus from oil refining to including trading of commodities, polymers, minerals and even fertilizers.

Charles has been ranked as the 9th richest man int he world with a net worth of $36 billion, and Koch Industries is listed as the second-largest privately held company in the United States.