EDITORIAL: Obama’s crony capitalism

Discussion in 'Politics' started by Stephanie, Jan 27, 2012.

  1. Stephanie
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    Stephanie Diamond Member Supporting Member

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    Hope and Change Suckers....
    links in article at site.


    SNIP:
    By THE WASHINGTON TIMES
    -
    The Washington Times
    Thursday, January 26, 2012

    President Obama said in his State of the Union address that one of the American values that must be reclaimed is “an economy where everyone gets a fair shot, and everyone does their fair share, and everyone plays by the same set of rules.” For three years, he and his political allies have been undermining this vision. They see government as a means of rewarding their friends and punishing their enemies. For the Obama circle, rules apply only to other people.

    Obamacare is a growing burden to American businesses, but not if you have friends in high places. Mr. Obama’s signature and highly unpopular legislative achievement was sold as a measure that would require shared sacrifice but bring lasting benefits to all Americans. Yet as soon as the law was implemented, hundreds of waivers were issued that allowed the recipients to duck under Obamacare requirements. The vast majority of recipients were labor-union chapters, large corporations, financial firms and local governments with strong Democratic connections. One in 5 waivers issued in April 2011 went to upscale nightclubs, bars and hotels in Rep. Nancy Pelosi’s San Francisco district. Mr. Obama is not even covered by his own law.

    In his speech, Mr. Obama made the case for bigger government energy programs, claiming “government support is critical in helping businesses get new energy ideas off the ground.” It certainly helps if you have given money to the Obama campaign. A CBS News investigation found that 80 percent of the $20.5 billion in Energy Department loans for “green” energy went to Mr. Obama’s top donors. The half-billion-dollar government loan guarantee to the bankrupt solar-panel company Solyndra is a model of Obama-style crony capitalism.

    At the center of this sweetheart deal was oil billionaire and major Obama backer George Kaiser, whose family-foundation investment fund was a major stakeholder in Solyndra. The loan was rushed through despite warning flags that it was a risky investment. When failing Solyndra sought to restructure the loan, investors such as Mr. Kaiser were put ahead of taxpayers for recouping their investments. But unlike this insider, most taxpayers don’t enjoy “intoxicating” two-hour dinners in Las Vegas with Mr. Obama to discuss energy policy.

    read it all here.
    EDITORIAL: Obama's crony capitalism - Washington Times
     
  2. editec
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    editec Mr. Forgot-it-All

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    Of COURSE the DEMS have their cronny capitalist chums.

    Who is foolish enough to doubt that?

    This nation is captive to two opposing teams of cronny capitalists.

    For all their bluster about how different they are, they aren't all that different when it comes to feathering their own nests.

    Duh!
     
  3. The Rabbi
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    The Rabbi Diamond Member

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    The Bush Administraiton blocked funds for Solyndra. The Obama Administration approved funds for Solyndra. See the difference? The GOP are hardly angels, but we didnt see this level of cronyism.
     
  4. mudwhistle
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    mudwhistle Diamond Member

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    Yes, the GOP has their friends and the Dems have their's.

    Problem is the GOP's friends are job creators and the Dems are anti-capitalists.

    The direction of this country reflects it.
     
  5. occupied
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    occupied Gold Member

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    roflmfao!!
     
  6. The Rabbi
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    The Rabbi Diamond Member

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    BEcause you can't refute this statement.
     

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