Never Trump Paul Singer’s Takeover of Twitter Isn’t a Win for Conservatives
With billionaire Republican oligarch Paul Singer reportedly buying a “sizable” stake in social media titan Twitter, there are now rumors Jack Dorsey’s days are numbered as Twitter’s CEO.
Conservatives are cheering this move, having accused the social media company of bias since Donald Trump was elected in 2016.
Conservative commentator Carmine Sabia tweeted, “Paul Singer was anti-Trump but has come around and is on our team. He has always been a conservative. This purchase means the end of silencing and banning conservatives for no f**king reason and Democrats are losing their minds over it which, frankly, is a bonus.”
Conservatives may be cheering about this decision, but they should think twice.
Last December, Tucker Carlson attacked Singer for his business practices, which Breitbart News covered:
“[T]he model is ruthless economic efficiency: Buy a distressed company, outsource the jobs, liquidate the valuable assets, fire middle management, and once the smoke has cleared, dump what remains to the highest bidder, often in Asia,” Carlson detailed. “It has happened around the country. It has made a small number of people phenomenally rich. One of them is a New York-based hedge fund manager called Paul Singer, who, according to Forbes, has amassed a personal fortune of more than $3 billion.”
Carlson used the example of automotive parts supplier Delphi.
“During the last financial crisis, a consortium of hedge funds, including Singer’s Elliott Management, purchased Delphi,” he stated. “With Singer and the other funds at the helm, the company took billions of dollars in government bailouts. Obama’s auto-czar compared the tactics to extortion. Once they had the bailout money, the funds moved most of Delphi’s jobs overseas, and then either cut retiree pensions entirely or shifted the costs to taxpayers.”
“With lighter financial commitments at home and cheap factories abroad, Delphi’s stock soared,” he added. “According to investigative reporter Greg Palast, of the 29 Delphi plants in operation when the hedge funds started buying Delphi debt, only four were still operating in the United States by 2012. Tens of thousands of unionized and white-collar workers lost their jobs. Paul Singer’s hedge fund cashed out for more than a billion dollars.”
Singer was originally a Trump opponent but is now hopping on the Trump bandwagon like many opportunistic conservatives.
The latter is the civilizational issue of our times, given the voting patterns of migrants and how they can negatively impact certain civil liberties of the Historic American Nation such as gun ownership and free speech.
Singer’s move represents how interlinked both the political and economic establishment are.
Even when there’s supposed “change”, things remain the same as another gatekeeper comes into the mix and maintains the status quo.
A Singer-influenced Twitter will likely defend generic conservative voices on the platform but will do nothing to protect America First immigration skeptics.
Conservatives would be wise before lavishing praise on a financial titan such as Singer.