Langone: Pope's Comments on Rich Upset Wealthy Church Donors

Image: Langone: Pope's Comments on Rich Upset Wealthy Church Donors

Tuesday, 31 Dec 2013 08:31 AM

By Drew MacKenzie

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Billionaire investor Ken Langone has told New York Archbishop Timothy Dolan that Pope Francis may be hurting fundraising projects for the Roman Catholic Church with his controversial criticism of capitalism.

Langone, the Home Depot founder who is leading the push to raise $180 million to give New York City's St. Patrick's Cathedral a facelift, said at least one seven-figure donor is reluctant to give financial aid to the church following the pontiff's comments, according to CNBC.

Editor’s Note: Do You Approve of Pope Francis? Vote Now in Urgent Poll

The pope angered capitalists in the U.S. and around the world with his attack in November on trickle-down economics, which he said leads to a "culture of prosperity" that makes the rich richer and the poor poorer.

Langone, who calls himself a devout Catholic and prays every morning, told CNBC he had brought up the problem a couple of times with Dolan.

"I've told the cardinal, 'Your Eminence, this is one more hurdle I hope we don't have to deal with. You want to be careful about generalities. Rich people in one country don't act the same as rich people in another country,'" Langone said.

The pope made his comments about capitalism during his first "exhortation," a 224-page document that appeared to vilify the rich while attacking "an economy of exclusion and inequality" resulting from "the absolute autonomy of the marketplace and financial speculation."

The pope also lambasted the "idolatry of money" and called capitalism "the new tyranny," adding that in many cases the wealthy were "incapable of feeling compassion for the poor."

The criticism was immediately slammed by the likes of conservative commentator Rush Limbaugh, who called it "pure Marxism," and Arizona GOP Sen. John McCain, who said he was "not enamored" with the pope's "economic perspective."

In response to Langone's comments, Dolan told CNBC that Pope Francis' message had been misinterpreted. He said he told Langone, "Well, Ken, that would be a misunderstanding of the Holy Father's message. The pope loves poor people. He also loves rich people. Ken, thanks for bringing it to my attention. We've gotta correct to make sure this gentleman understands the Holy Father's message properly. And then I think he's gonna say, 'Oh, OK. If that's the case, count me in for St. Patrick's Cathedral.'"

Dolan added that in his conversations with the pope, he had praised Americans for their spirit of giving.

"In the one long sit-down that I had with him, the Holy Father told me that he has a lot of gratitude for the generosity of the Catholic Church in the United States. He's aware of our help to the missions, to the poor of the world, to international development, to peace . . . and justice."

Still, Langone urged the pope "to celebrate a positive point of view rather than focusing on the negative." He also said that "there is no nation on earth that is so forthcoming, so giving" as the United States.

According to CNBC, the U.S. ranks No. 1 in the Charities Aid Foundation's most recent World Giving Index.

Editor’s Note: Do You Approve of Pope Francis? Vote Now in Urgent Poll

Related Stories:

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Ben Carson's 2016 Plans Worry Moderates in GOP

Monday, 22 Dec 2014 06:36 AM

The Republican establishment is worried that, should Ben Carson decide to run for president in 2016, the retired neurosu . . .

China Condemns 'Cyber Terrorism' in Wake of Sony Attack

Monday, 22 Dec 2014 06:22 AM

China's foreign minister condemned all forms of cyber terrorism in talks with his American counterpart, a statement sa . . .

State Dept.'s Nuland to Newsmax: Sanctions Reined Putin In

Sunday, 21 Dec 2014 22:10 PM

Without the tough sanctions the U.S. and its allies placed on Russia last year and the faltering Russian economy, Vladim . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved