The Billionaires' Club: The Financial Godfathers Behind the Shadow GOP

The Billionaires' Club: The Financial Godfathers Behind the Shadow GOP

by Peter Stone



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The Billionaires' Club: The Financial Godfathers Behind the Shadow GOP by Peter Stone

Investigative journalist Peter Stone gives us an inside look into the elite world of super rich conservative patrons. The Billionaire’s Club explores how a handful of powerful men, some well-known and others hidden from public view, became crucial financiers of the GOP shadow party, facilitated the rise of Tea Party, and responded to the 2012 election with a reinvigorated plan to continue their crusade to slash government regulations and taxes.

Stone combines in-depth investigative reporting with history and biography to tell the inside story of how an elite group of billionaires – men with big personalities and even bigger wallets – have helped shape the modern Right and influenced the GOP. Centered on larger than life figures, such as casino magnate Sheldon Adelson, industrialists Charles and David Koch, Texas homebuilder Bob Perry, hedge fund CEO Paul Singer, to name a few, The Billionaire’s Club reveals their significant influence in Republican policy making circles and their close ties to powerful GOP figures like Karl Rove, Newt Gingrich, Eric Cantor and Paul Ryan.

The Billionaire’s Club breaks new ground and exposes the ways in which the Right’s financial godfathers have opened their wallets wide to create a “shadow GOP” of super PACs and dark money outfits which spent hundreds of millions in the last two elections and have spearheaded drives against Obamacare and for looser Wall Street and environmental regulations. Stone offers a deep analysis of how campaign finance regulation from McCain-Feingold to the Supreme Court ruling in Citizens United has collectively made it easier—not more difficult—for billionaires to give limitless sums, publicly and secretly, to outside groups backing GOP candidates who champion policies that often dovetail with their business interests.

With President Obama in the White House and the Senate potentially up for grabs in 2014, it is unlikely that the recent surge of funds from the Right’s leading billionaires will slow down any time soon—the conservative crusade to drastically reduce government by slashing regulations and taxes is going to be with us for some time to come, posing a real threat to those who care about improving the quality of the environment, health care, and financial stability in this country. Regardless of what happens in the next elections, the shadow GOP has charted a course to build permanent lobbying and electoral machines that will be potent players for years to come in Washington and in the states.

Product Details

ISBN-13: 9781568589992
Publisher: Nation Books
Publication date: 12/22/2018
Pages: 352
Product dimensions: 6.13(w) x 9.25(h) x (d)

About the Author

For the last two decades, Peter Stone has covered a wide array of lobbying and campaign finance issues in Washington. At National Journal, where he spent almost 18 years, Stone broke several scoops on the Jack Abramoff influence peddling scandal. Stone has written for The New York Times, The Washington Post, Newsday, The Atlantic, The Nation, and New Times. He started his career at the late muckraking magazine Ramparts, where he was one of the editors in the early 1970’s. Stone is the author of Casino Jack and the United States of Money. He lives in Silver Spring, Maryland.