Thursday, July 7, 2011

Racine's Fred Young Is A Koch Wannabe

Fred Young Sr. "Man of the People"
Oh that Fred Young just doesn't know what to do with his millions does he? Instead of legally donating to Scott Walker  through unlimited PAC channels, Freddy wanted to make sure Walker knew who was bankrolling him so he gave directly to the campaign...only he gave too much. Sure, sure he wrote his wife's name in the memo but Walker's campaign staff (who have the collective intelligence of a bag of hair) missed it and now he's in hot water for breaking campaign finance laws.

So who is Fred Young?

Freddy is the son of Fred Sr. (pictured left, in a hilariously ostentatious portrait by Racine artist, Libby Evans. All he needs is a little lantern and someone to apply black-face. Voila! World's oldest lawn jockey.) Fred Sr. started Young Radiator Company in 1927 and made himself some really big bucks. Sonny boy took over and worked for the company for more than 30 years

In 1991 Freddy Jr. fired 120 Racine union workers and moved the manufacturing plant to non-union Iowa and Tennessee. Ultimately, Fred Jr. sold the company in 1998 for $70.5 million and retired. Well, the Siren should say he retired from working...he's been pretty busy since.

Young is a trustee for the Libertarian Reason Foundation along with major teabag funders, David Koch and Robert Poole. He is a Director of the Koch funded Cato Institute (Young's son, Ryan works for Cato's Government Affairs Department.) along with his buddy, David Koch and rubs elbows with Amway founders Dick and Betsy DeVos. They should be familiar names to Racinians since they have been funding Robin Vos' campaigns for years in their effort to bring school vouchers to Wisconsin with junk mailings from All Children Matter. (Interesting that only Racine got 'em in 2011 isn't it?)

Over the years Fred has given $20k to the Wisconsin Club for Growth, $15k more to their specific PAC, nearly $10k to the Wisconsin Republican Party and just under $15k to Paul Ryan. This year, Fred gave $11m to his alma mater, Cornell University for a fancy telescope. It's no wonder he couldn't keep track of his contributions.

The Siren tried to find a link to the American Legislative Exchange Council (ALEC) and Fred Jr. but since their private sector members are private information - no luck. However we'd bet that with the crowd Fred runs with he is most certainly a member.

Fred also attends the very secretive Koch brothers Strategy Group meetings and was a confirmed guest for the 2010 meeting in Aspen and listed in the program for the January 2011 meeting in Rancho Mirage.

Fred Jr. isn't in the Charles and David Koch league of world class money and he isn't in the John Menard, Herb Kohl or Johnson Family solar system, but he does okay.

His meetings with the Koch Strategy Group put him in the room with the people who run the Bechtel Group, Weekly Standard, Heritage Foundation, American Enterprise Foundation, the U.S. Chamber of Commerce, National Right to Work Committee, Goldman Sachs, Home Depot, Gore-Tex, Wall Street Journal, various oil investment families not to mention U.S. Supreme Court Justices Scalia and Thomas along with the illustrious Koch bros.

This group of corporations, media and public policy foundations are commonly known as the "Kochoctopus" explained in the video below:

Naturally, the research phobic Journal Times plays the article like he's some goof who couldn't count up to 10,000 without ever giving who Young is a second thought. Oh he's a wannabe alright, but unlike the morons who defend him in the comments, he's actually made it to the big leagues.

Freddy Jr. and his really powerful friends are laughing all the way to the bank...M&I Bank that is.