(Photo by Thos Robinson/Getty Images for New York Times)
News

Tucker Carlson Attacks Billionaire Donor Paul Singer for ‘Vicious’ and ‘Ruthless’ Business Practices


- December 4th, 2019
Print Friendly, PDF & Email

On Tuesday night, Fox News host Tucker Carlson dedicated a portion of his show to attacking well-known Republican donor and billionaire hedge fund manager Paul Singer, as Breitbart reports.

Singer, Carlson said, has largely built his $3 billion fortune off of purchasing struggling companies, outsourcing the labor, and then selling them for a profit, often to foreign buyers.

Carlson decried this as a “model [of] ruthless economic efficiency,” and highlighted two examples: the automobile parts supplier Delphi, and outdoor equipment retail chain Cabela’s.

In the case of Delphi, Singer “took billions of dollars in government bailouts…moved most of Delphi’s jobs overseas, and then either cut retiree pensions entirely or shifted the costs to taxpayers.” As a result, Delphi went from 29 plants operating in the United States to just four, while Singer garnered a profit of over $1 billion.

With Cabela’s, even though the company was “healthy” and “there was no immediate need to sell,” Singer did the same thing and outsourced most of Cabela’s labor overseas, which produced a profit of at least $90 million. But this left the small town of Sidney, Nebraska devastated after the move lost them nearly 2,000 jobs.

Carlson said that his producers went to Sidney and “talked to more than a dozen former Cabela’s employees,” but “almost all of them refused to speak on camera, fearful of legal retribution from the famously vicious Paul Singer.”

With his massive fortune, Singer has established himself as one of the top donors in the country for the Republican Party, including donating over $4 million to Republican candidates across the country in the 2010 midterms. But Singer also remained one of the most prominent anti-Trump donors, donating to Marco Rubio and the anti-Trump group “Our Principles PAC.” He also donated $500,000 to a PAC supporting Republican congressional candidate John Faso in New York’s 19th district; Faso went on to become one of the most prominent anti-Trump Republicans in Congress, and lost his re-election bid in 2018.

Get our
daily email

Our top articles every day

© Copyright 2012 - 2019 | All Rights Reserved