The Democratic Party attempts to demonize Republican donors like the Koch brothers while trumpeting that its own big contributors have no self-interests, says Matthew Continetti, editor-in-chief of The Washington Free Beacon and contributing editor to The Weekly Standard.
"The biggest myth of the Democratic Party . . . is they think that their donors only donate … so we can have the land of milk and honey in the United States, whereas Republican donors donate for self-interested causes that they want to make money," Continetti said Wednesday on "The Steve Malzberg Show" on
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"That's not the case at all. Look at Tom Steyer, the liberal billionaire hedge funder who's become a left-wing environmental crusader. He was invested in a hedge fund that made money off of alternate energies subsidized by the government. So, his war on coal actually ends up helping his businesses.
"Democratic donors are just as self-interested as anyone else, they have the same motives, same self-interest. They are no different than the Republican donors that [Senate Majority Leader] Harry Reid demonizes on the floor of the U.S. Senate in an attempt to intimidate and bully donors to Republican and conservative causes."
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