Skip to content

Billionaire derangement syndrome

Maybe Jeff Bezos made a mistake buying the Washington Post. It's entirely possible he could have spread his particular brand of propaganda far more cheaply by buying airtime on PBS. That's what a billionaire who made his money scamming people at Enron has done:

On December 18th, the Public Broadcasting Service’s flagship station WNET issued a press release announcing the launch of a new two-year news series entitled “Pension Peril.” The series, promoting cuts to public employee pensions, is airing on hundreds of PBS outlets all over the nation. It has been presented as objective news on  major PBS programs including the PBS News Hour.

However, neither the WNET press release nor the broadcasted segments explicitly disclosed who is financing the series. Pando has exclusively confirmed that “Pension Peril” is secretly funded by former Enron trader John Arnold, a billionaire political powerbroker who is actively trying to shape the very pension policy that the series claims to be dispassionately covering.

In recent years, Arnold has been using massive contributions to politicians, Super PACs, ballot initiative efforts, think tanks and local front groups to finance a nationwide political campaign aimed at slashing public employees’ retirement benefits. His foundation which backs his efforts employs top Republican political operatives, including the former chief of staff to GOP House Majority Leader Dick Armey (TX). According to its own promotional materials, the Arnold Foundation is pushing lawmakers in states across the country “to stop promising a (retirement) benefit” to public employees.

Despite Arnold’s pension-slashing activism and his foundation’s ties to partisan politics, Leila Walsh, a spokesperson for the Laura and John Arnold Foundation (LJAF), told Pando that PBS officials were not hesitant to work with them, even though PBS’s own very clear rules prohibit such blatant conflicts. (note: the term “PBS officials” refers interchangeably to both PBS officials and officials from PBS flagship affiliate WNET who were acting on behalf of the entire PBS system).

To the contrary, the Arnold Foundation spokesperson tells Pando that it was PBS officials who first initiated contact with Arnold in the Spring of 2013. She says those officials actively solicited Arnold to finance the broadcaster’s proposal for a new pension-focused series. According to the spokesperson, they solicited Arnold’s support based specifically on their knowledge of his push to slash pension benefits for public employees.

via Pandodaily to which I was directed by Firedoglake

I'll leave it to David Sirota at Pandodaily and the good folks at Firedoglake to lambaste PBS. I want to return to a theme that has been well worn in this blog. This is yet another example of something I've noted before. Mr. Arnold's fortune is not threatened by public employee pensions, just as Pete Peterson will remain rich whether or not he is successful at destroying social security. Yet another example that to many billionaires, it “is not enough that [they] succeed, everyone else must fail”. There is probably a category in the DSM that applies, but if you're rich enough its okay to be a sociopath.

Post a Comment

Your email is never published nor shared.

For spam filtering purposes, please copy the number 5057 to the field below: