Self-made billionaire reflects on his anti-socialist campaign
Though Interactive Brokers founder and CEO Thomas Peterffy did not get the result he wanted from spending $8 million on “ads that likened President Obama’s policies to socialism, whose evils he knew from his childhood in Hungary,” he tells Barron’s he does not regret the ads.
Peterffy says he doesn’t regret spending big bucks on Republican campaigns. “It brought a crucial issue to light and made many people think about the potential downside of this transformation the president is talking about,” he says.
Peterffy says he has no plans to run for office. “I want to join a group that can create a political force for economic freedom — but also for freedom of choice and that is pro-environment,” he says.
He would also like to work toward determining a “practical tax rate” — one that would deliver sufficient revenue and that most Americans would consider fair.

3 comments
“…the potential downside of this transformation the president is talking about.”
Huh? You mean the transformation that Fox News and other radical right wing propaganda machines are saying about the president.
In actualality, Obama is a moderate Democrat who leans conservative on key issues such as health care and charter schools.
This guy might be a billionaire, but that doesn’t mean he has a full grasp on politics.
“In actualality, Obama … moderate Democrat … leans conservative on … health care … ”
My friend, I think you meant to post this in the comedy thread.
I thought this was the comedy thread!
Obama used a plan that revolved around mandates. It’s a plan invented by a conservative think tank and pushed hard by republican congressmen in the early 1990s as an plan to counter Clinton’s helathcare reform efforts.
The same plan Obama was also used–almost word for word–in Massachusetts by YOUR conadidate for presdient in the last election.
Funny, huh?
Your problem, oface, is that you and the rest of the GOP have moved so far to the right you think everyone who doesn’t think exactly the way you do is a flaming liberal. It will be your downfall as a party and a movement.
Our apologies, you must be registered and logged in to post a comment.