- Dec 18, 2011
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I expect that the left will just bash Bush because crony capitalism has gone on for decades. Fact is that it's time to end it and that means sending a message to the current occupant in the White House and congress. Obama has been kinder to the wealthy than he has to middle class.
How Conservatives Can Fight Obama's Crony Economy
How Conservatives Can Fight Obama's Crony Economy
That belief is predicated on the notion that America has a thriving, competitive and free enterprise economy in which the best ideas and hardest workers win the day, while those who are less successful always have a fair chance to try again.
The free enterprise system is not perfect, but it is fair. Unfortunately today, Americans increasingly believe our system is rigged. And in President Obamas America, they have good reason.
From the stimulus to cash-for-clunkers, from the bailouts to cap-and-trade, from Dodd-Frank to Obamacare, every name-brand initiative of the presidents term has distorted public policy to privilege well-connected insiders and elites at the expense of taxpayers and consumers.
The Export-Import Bank is another taxpayer-funded example of distorted public policy that further erodes Americans confidence in our markets and our system.
In short, Ex-Im Bank exists to dole out taxpayer-backed loan guarantees to help American exporters. Most of the benefits go to large corporations that are perfectly capable of securing private financing anywhere in the world. That is to say, Congress allows Ex-Im Bank to risk taxpayer money unnecessarily to subsidize well-connected private companies.
How Conservatives Can Fight Obama's Crony Economy
How Conservatives Can Fight Obama's Crony Economy