Young Guns and Billionaires

Chapter 2 examines how the Republican Party’s crackup evolved over the course of Barack Obama’s two terms as president. As divided as the GOP may have been after the 2008 presidential election, its major donors were linked in their opposition to Obama. For the first time since McCain-Feingold, the full force of conservative wealth in America was united against healthcare reform and any spending to revive the perilous economy, rescue the auto industry, or provide relief for mortgage holders. The election of the first African American president made it easy for conservative commentators on talk radio and Fox News to call Obama’s healthcare plan “reparations.” This stoked racial resentment and boosted the plans of wealthy industrialists Charles and David Koch to move Republicans further to the right. Their main organization, Americans for Prosperity, raised hundreds of millions of dollars yearly and quietly provided training, infrastructure, and funding for many of the “spontaneous” Tea Party groups that helped restore Republican control of Congress. Donors may not have been willing to give millions of dollars for compromise, but the slash-and-burn tactics of the Tea Party became a catastrophic example of overreach. The 2012 presidential nominee, Mitt Romney, got caught up in a party tilting ever more to the right; he was only given financial support for his campaign against Obama when he renounced his Massachusetts healthcare program—the model for Obamacare—and put Ryan on his ticket.