Showing posts with label TIMOTHY MELLON. Show all posts
Showing posts with label TIMOTHY MELLON. Show all posts

Saturday, October 25, 2025

The Billionaires Behind the Throne


Sunday, August 25, 2024

Weekend Edition: Blinken's 'Empty Words' on Genocide

 


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Sunday, August 25, 2024

■ Today's Top News 


Vance Claims Trump Would Veto Federal Abortion Ban. Warren Responds: 'Women Are Not Stupid'

"We are not going to trust the futures of our daughters and granddaughters to two men who have openly bragged about blocking access to abortion for women all across this country," said Sen. Elizabeth Warren.

By Jake Johnson



Blinken Condemned for 'Empty Words' on Genocide as US Backs Israel's Obliteration of Gaza

"You are currently arming, funding, and defending a genocide in Gaza. That is how history will remember you."

By Common Dreams Staff



Israel Launches Massive Attack on Lebanon, Heightening Fears of All-Out War

"Looks like Israel is now escalating in Lebanon in a major way in the hopes of kicking off a major war in the north that has thus far been kept to more limited exchanges," warned one analyst.

By Jake Johnson



Watchdog Warns Mpox Vaccine Maker 'May Be Exploiting the Latest Global Health Crisis'

"We must question why Bavarian Nordic refuses to adjust its unconscionable approach to pricing and access," wrote the director of Public Citizen's Access to Medicines program.

By Jake Johnson



Tlaib Says She Is 'Ashamed of Our Country Looking Away' as Gaza Faces Polio Crisis

"We don't want your thoughts and prayers. We need action," said Rep. Rashida Tlaib.

By Jake Johnson



As RFK Jr. Backs Trump, Here's the Secretive Billionaire Plutocrat Funding Them Both

Timothy Mellon, the reclusive heir to a Gilded Age fortune, has poured over $165 million into the 2024 election so far, with tens of millions backing both Donald Trump and Robert F. Kennedy Jr.

By Jake Johnson


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■ Opinion

CORPORATE MEDIA FAILURES! 

NONE DARE SPEAK ILL OF ISRAEL!


Western Media Outlets Are Complicit in Israel's Genocide—and Must Be Held Accountable

Regardless of what happens in the halls of justice, it is certain that these media outlets will eventually be held accountable in the court of public opinion.

By Craig Mokhiber


Democrats Dismiss the Pain of Gaza at Their Moral—and Possibly Political—Peril

Democrats at the DNC last week were ebullient, some giving the impression that the election had already been won. Meanwhile, the carnage in Gaza continued.

By James Carden


Phil Donahue, The New York Times, and the Iraq War

More than 20 years later, the Times continues to diss anyone who got it right on the war after they got it so wrong.

By Jon Schwarz


As RFK Jr. Backs Trump, Here's the Secretive Billionaire Plutocrat Funding Them Both

MAKE AN INFORMED DECISION BASED ON FACTS & A CANDIDATE'S PERFORMANCE AND FACTS!

DON'T BELIEVE THE EXPANSIVE MISLEADING ADS! 


Donald Trump and Robert F. Kennedy Jr.

Republican nominee Donald Trump is joined on stage by Robert F. Kennedy Jr. at a campaign rally in Glendale, Arizona on August 23, 2024. 

(Photo: Tom Brenner/The Washington Post via Getty Images)




As RFK Jr. Backs Trump, Here's the Secretive Billionaire Plutocrat Funding Them Both

Timothy Mellon, the reclusive heir to a Gilded Age fortune, has poured over $165 million into the 2024 election so far, with tens of millions backing both Donald Trump and Robert F. Kennedy Jr.

Joining Republican presidential nominee Donald Trump onstage at a campaign rally in Arizona Friday night, Robert F. Kennedy Jr. tried to emphasize what the two share.

"We talked about not the values that separate us, because we don't agree on everything, but on the values and issues that bind us together," Kennedy said shortly after suspending his independent presidential bid to throw his support behind Trump.

But Kennedy did not mention that he and Trump have in common the same billionaire megadonor, a reclusive heir to a Gilded Age fortune who has pumped over $165 million into the 2024 campaign thus far.

Timothy Mellon, the grandson of plutocrat Andrew Mellon, has poured tens of millions of dollars into the campaigns of both Trump and Kennedy, making the secretive billionaire the top individual donor to both.

The campaign finance watchdog OpenSecrets noted Friday in an analysis of Mellon's donations that the billionaire "made a $50 million cash infusion to pro-Trump super PAC Make America Great Again, Inc." in July, according to new Federal Election Commission filings.

"This brings his total contributions to the group to $125 million this election cycle, including a $50 million check he wrote to the super PAC the day after Trump was convicted of 34 felonies," OpenSecrets added. "Mellon's latest $50 million contribution accounts for over 90% of what MAGA, Inc. raised in July."

As for Kennedy, his hybrid PAC American Values 2024 received $25 million from Mellon earlier this year. OpenSecrets observed that Kennedy is quoted on the cover of the billionaire's autobiography, "praising Mellon as a 'maverick entrepreneur.'"

"He and Trump both shared the same major donor—billionaire nepo baby Timothy Mellon. RFK Jr.'s campaign was always a MAGA spoiler."

Robert Reich, the former U.S. labor secretary, wrote Friday that "it's no surprise" Kennedy dropped out of the 2024 race and endorsed Trump.

"He and Trump both shared the same major donor—billionaire nepo baby Timothy Mellon," Reich added. "RFK Jr.'s campaign was always a MAGA spoiler."

Mellon is a member of a powerful group known as "guardian angels," a label "for big donors who supply 40% or more of a committee's funds and are a political group's top contributor," OpenSecrets explained.

Spending from super PACs and other outside groups has topped $1 billion this election cycle, and the largest spender to date has been MAGA, Inc.

But U.S. billionaires, who are collectively richer than ever, aren't exclusively backing pro-Trump groups. Former New York Mayor Michael Bloomberg has cut huge checks to Democratic PACs, and groups backing Democratic nominee Kamala Harris have received large donations from LinkedIn co-founder Reid Hoffman and Netflix executive chairman Reed Hastings, among other rich executives.

In his primetime speech at the Democratic National Convention in Chicago on Tuesday, Sen. Bernie Sanders (I-Vt.) condemned the outsized influence of billionaire "oligarchs" on the U.S. political process, particularly in the wake of the Supreme Court's 2010 Citizens United ruling.

"Billionaires in both parties should not be able to buy elections," said Sanders. "For the sake of our democracy, we must overturn the disastrous Citizens United Supreme Court decision and move toward public funding of elections."


COMMON DREAMS


Friday, June 21, 2024

Billionaire Grandson of Gilded Age Plutocrat Gives Trump Super PAC $50 Million

 

Billionaire Grandson of Gilded Age Plutocrat Gives Trump Super PAC $50 Million

Timothy Mellon is one of at least a dozen billionaires backing Donald Trump's bid for another four years in the White House.

Billionaire businessman Timothy Mellon, the grandson of Gilded Age plutocrat Andrew Mellon, made a $50 million donation to a pro-Donald Trump super PAC last month, a day after the former president was convicted by a New York jury on 34 felony counts.

Mellon had previously donated $25 million to super PACs backing both Trump, the presumptive Republican nominee, and Robert F. Kennedy Jr., an independent presidential candidate. The New York Times noted late Thursday that Mellon, a reclusive GOP megadonor who has described safety net programs as "slavery redux," is "now the first donor to give $100 million in disclosed federal contributions in this year's election."

"The grandson of Andrew Mellon peering out from behind a shrubbery to drop $50 million on an effort to defeat the strongest anti-monopolist element in government in decades is poetic," The American Prospect's David Dayen wrote in response to Mellon's donation, alluding in part to the Lina Khan-led Federal Trade Commission's bold efforts to fight corporate consolidation.

Matt Stoller, director of research at the American Economic Liberties Project, wrote in his book on monopoly power and American politics that Andrew Mellon used his corporate empire and appointment as U.S. treasury secretary "to fuse government and business to make the world safe for monopolists."

"Unlike other tycoons, he did not specialize in one area. At one point, five Fortune 500 companies owed their lineage directly to Mellon: Alcoa, Gulf Oil, Mellon Bank, Carborundum, and Koppers. He controlled a network of ninety-nine banks. He had interests in coal, steel, chemicals, oil, sleeping cars, railroads, building construction, utilities, magnesium, and airplanes," Stoller wrote. "Mellon even commandeered the use of an entire element of earth—aluminum—through his control of the monopoly aluminum producer Alcoa."

Timothy Mellon's donation to the Make America Great Again Inc. super PAC was the largest single campaign contribution this election cycle and accounted for most of the roughly $70 million that the pro-Trump outfit raised last month.

The Times reported that "within days of the contribution," the super PAC "said in a memo that it would begin reserving $100 million in advertising through Labor Day."

Mellon is one of at least a dozen billionaires supporting Trump's bid for another four years in the White House. The former president has solicited donations from fossil fuel executives and hedge fund investors, promising to deliver regulatory rollbacks and more tax cuts if he defeats President Joe Biden in November.

Trump has also actively courted casino billionaire Miriam Adelson—his biggest 2020 donor and a fervent supporter of Israel—with apparent success: Politico reported last month that Adelson is "planning to play a major role in funding Preserve America, a pro-Trump super PAC founded during the former president's 2020 reelection campaign."

"How much Adelson will donate to the super PAC is not clear, though the person familiar with her plans said the group was expecting to spend more than it did four years ago when Adelson and her late husband, Sheldon, donated $90 million to Preserve America," the outlet noted. "Their funds accounted for about 85% of what the organization raised in total."

Biden's campaign, meanwhile, has received roughly $20 million in donations from billionaire former New York Mayor Michael Bloomberg. The Washington Post reported Thursday that "the transfer of funds includes a $19 million check to FF PAC, an independent pro-Biden group also known as Future Forward, and a max-out donation of $929,600 to the Biden Victory Fund, an amalgamation of Biden campaign and Democratic Party committees."

Former President Donald Trump

Former President Donald Trump speaks Mar-a-Lago on March 4, 2024 in Palm Beach, Florida.

 (Photo: Alon Skuy/Getty Images)



News Alert: Billionaire Grandson of Gilded Age Plutocrat Gives Trump Super PAC $50 Million

 

Billionaire Grandson of Gilded Age Plutocrat Gives Trump Super PAC $50 Million

June 21, 2024
Billionaire businessman Timothy Mellon, the grandson of Gilded Age plutocrat Andrew Mellon, made a $50 million donation to a pro-Donald Trump super PAC last month, a day after the former president was convicted by a New York jury on 34 felony counts.
READ THE STORY


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