FRED KOCH
(Fred Chase Koch)
This quotation appears to be the origin of the ultra-right wing conspiracy theory that a communist will become President of the United States without the public ever knowing that he was a Communist. During the Obama administration, there were a number of ultra-rightists who believed that Obama was the culmination of this plan which the communists began in the 1950s and was only "discovered" Fred Koch and the John Birchers in 1963.
This quotation had been considered by most scholars a relatively obscure paranoid rant of a right wing extremist. However, the fear had gained credence with the extreme right over the years and came into play again in the Barack Obama administration where many of the Tea Party adherents began stating that Koch’s warning had come to pass with President Obama as the covert communist, While few gave this any credence, it was honestly and firmly believed by a small minority of Americans.
Fred Chase Koch was an American chemical engineer and entrepreneur who founded the oil refinery firm that later became Koch Industries, a privately held company which, under the principal ownership and leadership of Koch's sons Charles and David, was listed by Forbes in 2015 as the second-largest privately held company in the United States.