Keyword: crony

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  • Sarah Palin: But... Wait... The Good Guys Won't Win With More Crony Capitalism

    12/03/2016 3:23:37 AM PST · by JediJones · 115 replies
    Young Conservatives ^ | 12/2/2016 | Sarah Palin
    I am ecstatic for Carrier employees! Their bosses just decided to keep shop onshore. What a relief for hundreds of workers. Merry Christmas Indiana! We don't yet know terms of the public/private deal that was cut to make the company stay, but let's hope every business is equally incentivized to keep Americans working in America. Foundational to our exceptional nation's sacred private property rights, a business must have freedom to locate where it wishes. In a free market, if a business makes a mistake (including a marketing mistake that perhaps Carrier executives made), threatening to move elsewhere claiming efficiency's sake,...
  • Tancredo: Good Thing Crony Capitalists Oppose Trump

    10/01/2016 5:39:49 PM PDT · by 867V309 · 20 replies
    breitbart.com ^ | 1 Oct 2016 | Tom Tancredo
    As sure as the sun rises in the east, crony capitalists know who butters their bread each day, and in 2016, they are rallying to support the Clinton dynasty and block the Trump insurgency. A recent headline trumpeted the result of a survey among the “Fortune 500” executives: “Not one of the top Fortune 100 CEO’s supports Donald Trump.”
  • Clinton's economic plans likely to boost her corporate donors

    08/21/2016 10:50:03 AM PDT · by blueyon · 14 replies
    WashingtonExaminer.com ^ | 8/21/16 | Sarah Westwood
    Hillary Clinton spent the past two weeks rolling out economic proposals that include the "biggest investment in new, good-paying jobs since World War II" and a tax hike on corporations and the wealthy, which could create lucrative opportunities for many of the corporations that have lined her campaign coffers. She has proposed refurbishing the electrical grid to make it "clean," and establishing a government-run bank that would steer taxpayer funds toward the private companies that are chosen to implement her projects. One ambitious aspect of her plan involves extending broadband access to every American household by 2020. Similar efforts launched...
  • Paris strikes astonishing partnership with secret Isis sponsor tied to Hillary Clinton [EXCLUSIVE]

    08/01/2016 9:53:49 AM PDT · by Homer1 · 12 replies
    The Canary ^ | 07/29/2016 | Nadeez Ahmed
    Documents obtained by several journalistic investigations reveal that Lafarge has paid taxes to the terror group to operate its cement plant in Syria, and even bought Isis oil for years. Lafarge also has close ties to Democrat presidential candidate Hillary Clinton. Apart from being a regular donor to the Clinton Foundation, Clinton herself was a director of Lafarge in the early 1990s, and did legal work for the firm in the 1980s. During her connection to Lafarge, the firm was implicated in facilitating a CIA-backed covert arms export network to Saddam Hussein.
  • Some Business Leaders Abandon GOP (barf alert)

    06/23/2016 1:22:42 PM PDT · by KeyLargo · 29 replies
    The Wall Street Journal ^ | June 23, 2016 | Laura Meckler
    Politics Election 2016 Several GOP Business Leaders Are Backing Clinton Democratic presidential candidate to get backing from executives, some of whom cite unease with Trump’s candidacy By Laura Meckler June 23, 2016 12:09 a.m. ET More than 50 business executives, including several longtime Republicans, endorsed Hillary Clinton for president on Thursday as her campaign seeks to capitalize on discomfort with Republican Donald Trump. They include Jim Cicconi, senior executive vice president at AT&T Services Inc., and Dan Akerson, who held top positions at General Motors Co. and Nextel Communications Inc. A Clinton campaign aide provided the list. The endorsements reflect...
  • Senate Votes to End a Textbook Crony Program

    05/27/2016 7:38:05 AM PDT · by milton23 · 9 replies
    The Daily Signal ^ | 5/26/16 | Daren Bakst
    On Wednesday, the Senate passed a joint resolution that will effectively put an end to one of the most egregious programs that exists today: the U.S. Department of Agriculture catfish inspection program. It’s actually disappointing that the vote was as close as it was—55-43. It may sound a bit silly, admittedly, but this program created in the 2008 farm bill is a classic example of legislators pushing a program for the benefit of a very narrow special interest without regard for the harm to taxpayers, consumers, and other industries.
  • Cruz: I stand by every word I said when I called Mitch McConnell a liar on the Senate floor

    04/14/2016 4:38:17 PM PDT · by Kaslin · 34 replies
    Hot Air.com ^ | April 14, 2016 | ALLAHPUNDIT
    Ah, I remember that speech well. It was high-five material on conservative blogs for days, back when Cruz was still a populist hero to Trump fans rather than “Lyin’ Ted.” He delivered it last July, a month after Trump declared his candidacy, with the Trump/Cruz bromance still in full flower. Cruz was eager to impress Trump’s supporters in the belief that they’d soon stampede towards him as Trump inevitably collapsed in the polls. Fast-forward eight months and here we are: Sixty-three percent of Trump’s supporters say that if he earns more delegates than the other candidates but does not become...
  • Know Who Else Has Received Loans from Citibank and Goldman Sachs? Donald Trump.

    01/21/2016 9:11:44 PM PST · by TBP · 60 replies
    Red State ^ | January 21st, 2016 | Leon H. Wolf
    Donald Trump has attacked Ted Cruz roughly a billion times over the last week for having taken out loans from Citibank and Goldman Sachs. Like most everything Trump says, his attacks are short on facts and even shorter on making sense. He claims somehow that Cruz attempted to hide the loans, even though he openly disclosed them on public filings (just not the right ones). Here he is, in fact, saying that Cruz is “worse than Hillary, if you think about it,” because of the loans: https://youtu.be/_NtpbWK5Kdg More specifically, Trump has repeatedly reiterated the claim (at the beginning of the...
  • At Least The Yugo Was Cheap... (Tesla disaster)

    12/15/2015 10:12:43 AM PST · by all the best · 55 replies
    Eric Peters Autos | December 10, 2015 | Eric Peters
    Tesla has no more business being in business than Yugo. Which isn’t anymore. So why is Tesla? Because political correctness, crony capitalism – and a hallucinatory desire to believe in a mirage; to refuse to admit that what you think you see in the distance isn’t actually there; that your mind isn’t playing tricks on you. But then, the Yugo was just a bad car. The Tesla is a bad electric car – and the electric part effaces the bad part. Electric cars can do no wrong – to an extent that is quite literally unbelievable. Unless you’ve seen it...
  • Chamber of Commerce May Target Tim Huelskamp in 2016

    12/03/2015 8:02:12 AM PST · by C19fan · 5 replies
    National Review ^ | December 2, 2015 | Elania Plott
    As the U.S. Chamber of Commerce identifies its targets for the 2016 congressional cycle, Kansas representative Tim Huelskamp and other House Freedom Caucus members may well find themselves in the group’s crosshairs. According to sources familiar with its internal deliberations, the Chamber has discussed Huelskamp as a “prime target” for unseating. That the group may be laying the groundwork for a challenge several months in advance of the GOP primary in Kansas’s first district is one sign of a restive GOP establishment looking to strike back.
  • NYT: Banned from State Dep’t, Clinton Foundation crony advised Hillary on Libya anyway

    05/19/2015 9:35:24 AM PDT · by SeekAndFind · 10 replies
    Hotair ^ | 05/19/2015 | AllahPundit
    The crony in question is Sid Blumenthal, former White House advisor to Bill and longtime hatchet man for the pair. We already knew Blumenthal was running his own off-the-books intelligence operation for the Secretary of State. We also knew that he’d put a friend representing a pro-Putin pol in Georgia in touch with Hillary to lobby her on behalf of the Georgian opposition. And the reason we knew those things isn’t because Hillary Clinton voluntarily turned over Blumenthal’s communications to State as part of routine recordkeeping protocols. We know it because a hacker infiltrated Blumenthal’s e-mail account a few years...
  • Many Clinton charity donors also got State Department awards under Hillay

    04/24/2015 3:58:48 AM PDT · by Cincinatus' Wife · 45 replies
    Washington Examiner ^ | April 23, 2015 | Sarah Westwood
    Twenty-two of the 37 corporations nominated for a prestigious State Department award — and six of the eight ultimate winners — while Hillary Clinton was Secretary of State were also donors to the Clinton family foundation. The published donor records of the Bill, Hillary and Chelsea Clinton Foundation don't give exact dates or amounts of its contributors, but it is possible to create a general timeline for when many of the corporations donated and when they were either nominated or selected for the award. Silicon Valley giant Cisco was the biggest foundation contributor nominated in 2009, giving the Clinton charity...
  • On Met Council, we get cronyism, not reform

    04/16/2015 8:01:39 PM PDT · by TurboZamboni · 4 replies
    Star Tribune ^ | 4-15-15 | DAVID OSMEK
    In January, the 89th Legislature convened to begin its work. With the elections behind us and the House under Republican leadership, we opened the session with a renewed sense of bipartisanship. Many suburban legislators, myself included, had high hopes for one particular bill that would inject some common-sense into a major concern of local city councils — the Metropolitan Council. The Met Council is an unelected body that has the power to tax and spend over $1 billion every year and inject itself regularly into local government decisions. It has the authority to dictate (among other things) where new trains...
  • Homeland Security's Mayorkas should be ousted for Clinton favoritism, 'disgusted' retired cops say

    03/30/2015 3:34:00 PM PDT · by Oldeconomybuyer · 2 replies
    FOX News Latino ^ | March 30, 2015 | By Bryan Llenas
    Two former lead narcotics investigators said they are "disgusted," but not surprised, with the government report finding that Deputy Secretary for Homeland Security Alejandro Mayorkas inappropriately helped secure visas for foreign investors that benefited his Democrat friends – including Hillary Clinton's youngest brother, Anthony Rodham. Back in 2002, Mayorkas, then a Bill Clinton-appointed Los Angeles U.S. Attorney, was found by a congressional committee to have inappropriately pushed for clemency for convicted drug dealer Carlos Vignali, who happened to be the son of big-time Democratic Party donor Horatio Vignali. Horatio Vignali, an Argentinian immigrant who built a fortune in Los Angeles,...
  • Pennsylvania couple fighting to save $160,000 collection of rare wine after it was seized under

    12/23/2014 6:00:02 AM PST · by C19fan · 19 replies
    UK Daily Mail ^ | December 23, 2014 | Pete D'Amato
    Pennsylvania state police were tied up for months in a sting operation that ended with a 20-hour raid in early January. As law professor Baylen Linnekin writes in Reason, the target wasn't illegal narcotics but a cellar full of rare and expensive bottles of wine. 2,447 bottles, to be exact. They are worth more than $160,000. Officers seized the bottles from the Malvern home of attorneys Arthur Goldman and Melissa Kurtzman, and state they are now planning to destroy the collection. The state's strict liquor laws led law enforcement to Goldman, who insists he was not looking to sell off...
  • The Health Plan Scam

    11/19/2014 11:28:01 AM PST · by TurboZamboni · 2 replies
    CCHF ^ | 11-19-14 | Twila Brase
    On October 20, Blue Cross Blue Shield of Michigan lost in the U.S. Supreme Court. The justices dismissed their case without review. The charges of fraud, as well as the court-ordered $6 million penalty, are now a matter of record. Blue Cross is guilty of "self-dealing," or looking after its own self-interests. Blue Cross stole money for years. Since 1993, it inflated hospital bills and charged hidden administrative fees to Michigan-based Hi-Lex Controls Inc. Hi-Lex is not the only one. At least 50 other lawsuits have been filed. Hi-Lex Controls is a self-insured auto parts dealer. Thus, it uses its...
  • SolarCity loan deal could propel rooftop market

    10/14/2014 5:01:40 AM PDT · by TurboZamboni · 16 replies
    Administration Propaganda ^ | 10-14-14 | Jonathan Fahey
    A new financing offering could make home solar cheaper and more attractive to homeowners, and keep the adoption of home solar growing. The offer, announced by SolarCity this week, is a loan that allows homeowners to install their own solar system on their roof for little or no money down, and pay less for electricity. Previous plans, while popular, turned off some because the solar company owned the system. "The value proposition is becoming clearer and less complicated for consumers," says Patrick Jobin, an analyst at Credit Suisse. "Solar is going mainstream." SolarCity's new loan deal and current similar deals...
  • House GOP Setting the Stage for Massive Crony Capitalist Pay Backs (Why bother with the GOP?)

    09/09/2014 4:43:55 PM PDT · by INVAR · 80 replies
    Red State ^ | 09-09-14 | Erick Erickason
    House GOP Setting the Stage for Massive Crony Capitalist Pay Backs in a Lame Duck House Republicans are preparing a continuing resolution to keep the government open. In doing so, they’ve decided to be total sluts for K Street and Wall Street. The Crony Capitalists, emboldened by the Chamber of Commerce’s help during primary season, are doing some very unusual things. Here’s what I hear is happening. First, they will reauthorize the Ex-Im bank, which is something K Street is desperate to see happen. Second, current reports are that they will spend more than the original Paul Ryan — Patti...
  • CEO of the US, politicians need NOT apply

    07/21/2014 1:31:21 PM PDT · by simka · 111 replies
    self
    We do not need Hillary or Warren or any career politician. We do not need another leader in debt to big business, financial backers or his party agenda. We do need someone truly independent of all political pressures, capable of resolving all the damage done to this country. The names that come to mind are Ben Carson, Mitt Romney and maybe Ted Cruz. What say you all?
  • Sen. Harry Reid strikes gold with home sale

    06/09/2014 3:30:21 PM PDT · by Oldeconomybuyer · 30 replies
    The Washington Times ^ | June 9, 2014 | By S.A. Miller
    Senate Majority Leader Harry Reid has sold his home in Searchlight, Nevada, to a mining company for $1.7 million and is moving to Las Vegas, his office announced Monday. Mr. Reid, Nevada Democrat, sold his house with 110 acres of land to Nevada Milling and Mining, which plans to develop a gold mine in Searchlight. The $1.7 million deal closed Friday, according to the Las Vegas Sun. Mr. Reid grew up poor in the dusty mining town of Searchlight, about 60 miles south of Las Vegas, but as a lawmaker he managed to accumulate a personal fortune estimated at $5...
  • Texas Gov. Perry throws support behind McConnell

    03/16/2014 9:26:23 AM PDT · by TADSLOS · 148 replies
    The Washington Times ^ | Saturday, March 15, 2014 | Adam Beam
    MURRAY, Ky. (AP) - Texas Gov. Rick Perry threw his support behind U.S. Sen. Mitch McConnell on Saturday, telling 300 fellow Republicans that the minority leader will win re-election. McConnell finds himself in a GOP primary fight with wealthy businessman Matt Bevin, who attended the event but wasn’t allowed to speak. “I love the number six,” Perry told the crowd at the Lincoln Reagan Dinner of West Kentucky. “Sam Houston was 6 foot 6 inches tall. And Mitch McConnell is going to be in his sixth term as United States senator.” Organizers said the dinner was supposed to unite the...
  • $1 Trillion Farm Bill Full of Subsidies, Special Favors

    02/18/2014 9:32:51 AM PST · by MichCapCon · 17 replies
    Capitol Confidential ^ | 2/15/2014 | Jarrett Skorup
    President Obama was in Michigan last week to sign a 10-year, $1 trillion farm bill. While much of the debate has centered around the spending on food stamps, buried in the 1,000-page plan are many other provisions that are indefensibly bad policy. While some are praising, and others complaining, about slightly rolling back spending on food stamps and eliminating some of the direct payments to "farmers" (who did not actually farm), the bill goes far beyond that. This bill continues special subsidy deals to farmers in every area in the country — from corn and beans to rice and peanuts...
  • The Obamacare Scam

    02/05/2014 2:59:40 PM PST · by TurboZamboni · 11 replies
    CCHF ^ | 2-5-14 | Twila Brase
    Many health plans are smiling. We've essentially been forced by Congress to buy their catastrophic policies at first-dollar coverage prices. But because many Americans don't remember catastrophic policies or know what real insurance is or how much insurance should cost -- or how low cash-based medical prices could be -- they don't know badly they're being scammed. To be clear, this is not the first act in this Congressional scam. True insurance got more difficult to buy after Congress favored first-dollar health plans with the HMO Act of 1973. Most employers were forced to offer HMO plans. Like the frog...
  • Hill’s $nub of U.S. companies in purchase of crystal stemware is clear

    12/30/2013 1:58:02 PM PST · by afraidfortherepublic · 12 replies
    New York Post -- Page Six ^ | March 15, 2010 | Geoff Earle
    WASHINGTON — Hillary Rodham Clinton’s State Department is spending $5.4 million to buy fine crystal stemware for American embassies — but it won’t give the US economy much of a boost. The contract was given to a tiny Washington, DC, interior designer, which in turn subcontracted the crystal work to a Swedish firm — snubbing such US companies as the famous manufacturer in Clinton’s own back yard, Steuben Crystal of upstate Corning. The firm didn’t even get a chance to bid on the contract, which will outfit embassies and ambassadors’ residences with fancy crystal for ritzy functions. Ironically, under the...
  • Sebelius dodges question about whether she offered resignation

    12/13/2013 5:27:35 PM PST · by Sub-Driver · 27 replies
    ByStephanie Condon CBS News December 13, 2013, 6: 31 PM Sebelius dodges question about whether she offered resignation Health and Human Services Secretary Kathleen Sebelius on Friday refused to say whether she's offered to resign in the wake of botched rollout of the new Obamacare marketplaces. "I'm not going to discuss what I talk about with the president," Sebelius said from Miami, where she was promoting the new marketplaces. Earlier this week at a congressional hearing, Sebelius acknowledged to lawmakers that the launch of HealthCare.gov, the Obamacare website, was "flawed and failed and frustrating." She hasaccepted responsibility for the failed...
  • US Cancels Russian Helicopter Deal Amid Syria Standoff – Senator

    11/13/2013 1:15:58 PM PST · by Navy Patriot · 39 replies
    RIA Novosti ^ | November 13, 2013 | Staff
    WASHINGTON, November 13 (RIA Novosti) – The United States has scrapped plans to purchase additional helicopters from state-run Russian arms exporter Rosoboronexport amid pressure from federal lawmakers over Russian arms deliveries to Syria, a top US senator said Wednesday. “I applaud the [US] Defense Department’s decision to cancel its plan to buy 15 additional Mi-17 helicopters from Rosoboronexport,” US Sen. John Cornyn said in statement, The Associated Press (AP) reported. Cornyn, a Republican from Texas, has been leading a push in Congress to oppose the Pentagon’s purchase of Russian helicopters for deployment in Afghanistan due to Moscow’s weapons shipments to...
  • Exec at HealthCare.gov contractor went to school with first lady, donated to Obama campaign

    10/29/2013 7:08:04 PM PDT · by RoosterRedux · 10 replies
    FoxNews.com ^ | 10/29/2013
    As the problems pile up for HealthCare.gov, attention is now turning to the relationship between the Canadian company largely responsible for the website and the Obama administration. Top officials at CGI Federal, a lead contractor tasked with developing the site, have a three-decade link to the Obamas. Toni Townes-Whitley, a senior vice president at CGI Federal, is also a Princeton University classmate of first lady Michelle Obama -- and a political donor. Mike Caddell, a spokesman for Princeton University, confirmed to FoxNews.com that Townes-Whitley went to the school and graduated in 1985. According to a Princeton alumni publication in 1998,...
  • Michelle O's Princeton classmate is exec at company that built Obamacare website

    10/26/2013 10:15:19 AM PDT · by MinorityRepublican · 31 replies
    The Daily Mail ^ | 26 October 2013
    The Obama administration has been accused of cronyism after it was revealed the First Lady's Princeton classmate is a top executive at the company contracted to build the beleaguered Obamacare enrollment website. Toni Townes-Whitley is senior vice president at CGI Federal, the U.S. arm of a Canadian company, which won the no-bid contract for the problem-plagued website. Townes-Whitley, from the Princeton class of ’85, and Michelle Obama are members of the Association of Black Princeton Alumni, according to The Daily Caller.
  • Is Cronyism Private Enterprise's Fault or the Government's?

    10/17/2013 11:27:12 AM PDT · by 1rudeboy · 25 replies
    Coyote Blog (Dispatches from a Small Business) ^ | October 16, 2013 | Warren Meyer
    Oddly enough, this is perhaps the most frequent argument I have with people on the Left in cocktail party conversations.It begins this way -- some abuse of "private enterprise" is cited.  Almost every time, I have to point out that the abuse in question could not occur if private companies were not availing themselves of government's coercive power to [fill in the blank: step on competitors, limit choice, keep prices high, rake in subsidies, etc.] Michael Moore's Capitalism: A Love Story is very much in this mold, blaming bad outcomes that result in government interventions on free market capitalism.Kevin Drum...
  • Surprise: Obama brother’s charity faced no hurdles in IRS approval

    05/15/2013 9:27:51 AM PDT · by tflabo · 5 replies
    The Blaze ^ | May. 15, 2013 10:37am | Meredith Jessup
    Lois Lerner, the senior IRS official at the center of the decision to target tea party groups for burdensome tax scrutiny, signed paperwork granting tax-exempt status to the Barack H. Obama Foundation, a shady charity headed by the president’s half-brother that operated illegally for years.
  • Seagate plans $180 million research complex at former Solyndra site in Fremont

    03/02/2013 8:58:39 AM PST · by ProtectOurFreedom · 25 replies
    San Jose Mercury News ^ | 3/1/13 | George Avalos
    Seagate Technology on Friday unveiled a $180 million cutting-edge research and development complex at the former Solyndra solar factory in Fremont, a site the company will use to invent next-generation disk drives. Up to 600 people could work at the facility, depending on product demand, Seagate executives said. "It's a big deal to be keeping high-tech research and development jobs in Silicon Valley," said Mark Re, a Seagate senior vice president and R&D executive. "This is going to be a state-of-the-art facility." Late Thursday, Seagate installed a huge sign with its name and logo on the side of the 411,000-square-foot...
  • Obama ally got $340 million to set up health care co-ops

    02/22/2013 8:33:25 AM PST · by george76 · 23 replies
    The Washington Examiner ^ | February 21, 2013 | Richard Pollock
    A health insurance company headed by an old friend from Obama's days as a community organizer got a $340 million federal loan to establish Obamacare co-ops in New York, New Jersey and Oregon despite having a chronic record of consumer and regulatory complaints. The New York-based Freelancers Insurance Company has been rated the "worst" insurer for two straight years by state regulators, and data compiled by a national insurance association show an extremely high rate of consumer complaints. The firm was founded in 2008 by Sara Horowitz, who worked with Obama before his career in elective politics to launch Demos,...
  • Obama's Crony Capitalism (PIMCO Management Now in Bed with the White House)

    01/08/2013 7:13:30 AM PST · by SeekAndFind · 7 replies
    Reason ^ | 01/08/2013 | Ira Stoll
    On the Friday before Christmas, President Obama announced that he was appointing Mohamed A. El-Erian, the CEO of Pacific Investment Management Company, as the chairman of his Global Development Council. The announcement didn’t get much attention, but it should. It exemplifies what’s wrong with Obama’s approach to economic policy, which amounts to: insult rich people as “fat cats,” raise their taxes, and then choose a favored few of them for special access. If you’re not familiar with El-Erian, you must not be watching CNBC or attending the World Economic Forum at Davos. The son of an Egyptian ambassador to France...
  • Wells Fargo CEO: Get gov’t out of “the home loan business”

    01/07/2013 12:25:29 PM PST · by SeekAndFind · 11 replies
    Hotair ^ | 01/07/2013 | Ed Lasky
    Policy-wise, this is an oldie but a goodie, I guess, even though we’re still spending tons of money on Freddie Mac and Fannie Mae more than four years after the crash. Wells Fargo CEO Robert Kovacevich can't believe that we haven't learned the lesson from 2008 and gotten the government out of the home mortgage industry, and tells CNBC's Squawk Box that the two organizations made that crash exponentially worse than it needed to be: CLICK ABOVE LINK FOR THE VIDEO Fannie Mae and Freddie Mac exacerbated the 2008 mortgage crisis, and that’s why the U.S. government should get out...
  • When Capital Is Nowhere in View

    12/13/2012 9:19:55 AM PST · by Mr. K · 7 replies
    Ludwig Von Mises Institute ^ | Tuesday, May 10, 2011 | Jeffrey A. Tucker
    A Travel Channel episode of No Reservations, [..], took viewers to Port-au-Prince, Haiti. I had heard that the show offered unique insight into the country and its troubles. I couldn't imagine how. But it turns out to be true. Through the lens of food, we can gain an insight into culture, and from culture to economy, and from economy to politics and finally to what's wrong in this country and what can be done about it. Through this micro lens, we gain more insight than we would have if the program were entirely focused on economic issues. Such an episode...
  • REPORT: Fox News Is Taking Karl Rove Off The Air (Over election night meltdown)

    12/04/2012 4:57:34 PM PST · by SeekAndFind · 185 replies
    Business Insider ^ | 12/04/2012 | Grace Wyler
    New York's Gabriel Sherman reports that Fox News is scaling back airtime for Republican pundit Karl Rove, in what appears to be a reprimand for Rove's meltdown during the network's live election broadcast. Sources told Sherman that Fox News chief Roger Ailes has ordered his staff to bench Rove and his fellow GOP pundit Dick Morris, two of the network's most vocal partisan voices whose predictions turned out to be spectacularly wrong. According to Sherman, producers must now get permission before booking Rove or Morris on Fox shows. The move comes as Fox takes steps to rehab its image in the wake...
  • Obama-Promoted Battery Plant Moves to 'Rolling Furloughs' As Company Pulls Back on Jobs Projections

    09/27/2012 1:09:04 PM PDT · by MichCapCon · 12 replies
    Michigan Capitol Confidential ^ | 9/26/2012 | Tom Gantert
    Two years ago, when President Obama visited the LG Chem battery plant in Holland, it was hailed as part of the transformation of Michigan to a “green economy.” The battery plant, which supplies batteries for the Chevy Volt, got $151 million from the U.S. Department of Energy. Today, $133 million of that $151 million has been spent, but since April, the company's 200 workers have been on "rolling furloughs" because the electric vehicle market has failed to blossom as promised by many. In 2010, the plant was projected to create 443 new jobs within five years. Those projections have been...
  • Worse than Solyndra: Obama Admin Buying Maine Senate Seat with Crony Energy Loans

    09/11/2012 1:05:50 PM PDT · by Izzy Dunne · 10 replies
    Breitbart.com ^ | 10 Sep 2012 | Ben Shapiro
    The Obama administration is famous for its crony capitalism. It’s famous for wasting money on disastrous investments like Solyndra to pay off its political allies. It now appears, however, that they go a step further: they put public funds in bad investment loans, then double down on their bad loans with free cash grants.
  • New video: When I grow up, I want to be a crony

    08/23/2012 10:42:05 AM PDT · by wewillnotcomply · 2 replies
    Children used to have aspirations to achieve greatness in the private sector. But what are they learning now? Watch this video at Fox Nation and click "Fire it up!" on the top left if you really like it.
  • How Democrats Say "Crony Corruption" in Spanish: Abengoa

    08/04/2012 8:09:37 AM PDT · by TurboZamboni
    town hall ^ | 8-4-12 | Marita Noon
    This chapter looks at the Spanish company Abengoa that received more than $2.8 billion in loans and grants—making them the second largest recipient of the $16 billion doled out through the DOE 1705 loan guarantee program. From the introduction of this serialized book, the thumbnail says: Abengoa has two solar projects: Solana and Mojave Solar. Solana’s Fitch rating is BB+. Just before Christmas, 2010, the company received $1.45 billion from the DOE for a solar thermal plant, to use parabolic trough technology in Gila Bend, AZ. Mojave Solar’s rating was BB. Yet the company received $1.2 billion in September 2011...
  • Obama’s 'Bank of Washington' applauded by Solyndra CEO in email

    08/02/2012 10:34:08 AM PDT · by Nachum · 11 replies
    The Daily Caller ^ | 8/2/12 | Neil Munro
    Solyndra’s CEO labeled President Barack Obama’s administration “The Bank of Washington.” Chris Gronet offered the description in an internal email one year before the company collapsed in 2010, costing taxpayers roughly $500 million. “The Bank of Washington continues to help us!” he wrote in the October 2009 e-mail, which described several government programs and incentives. The email bolsters GOP claims that Obama’s support of green-tech companies amounted to “crony capitalism.” Several White House officials had close ties to green-tech companies, and many green-tech executives have donated to Obama’s political campaigns.
  • Select Tax Breaks For State 'Renaissance Zones' Program Returns One-Fifth of Predicted Jobs

    07/13/2012 8:16:22 AM PDT · by MichCapCon · 4 replies
    Michigan Capitol Confidential ^ | 7/10/2012 | Jarrett Skorup
    Only a third of expected private investment and a fifth of expected jobs have been delivered among six companies selected by the state of Michigan to receive special tax breaks. An additional company is in the process of being removed from the program. These tax breaks came as part of the state's Renaissance Zones program. Companies selected for the program have been exempt from the Michigan Business Tax, state education tax, personal and real property taxes, and local income taxes. "Renaissance Zones are selective abatements to areas and businesses that eliminate virtually all state and local taxes," said James Hohman,...
  • The State as Venture Capitalist: Loaned $7.7 Million, Creates Only 20% of Promised Jobs

    06/26/2012 9:04:58 AM PDT · by MichCapCon · 2 replies
    Michigan Capitol Confidential ^ | 6/23/2012 | Jarrett Skorup
    A state fund intended to create 390 Michigan jobs has loaned $7.7 million to 35 companies and created 79 jobs — only 20 percent of the number initially promised. Ann Arbor SPARK received an $8 million grant in 2006 to create the Michigan Pre-Seed Capital Fund, which used $7.7 million of that amount. The grant was awarded as part of the Competitive Edge Technology Grants and Loans program, which exists "to encourage the development of competitive edge technologies to create jobs in the state." Skip Simms, manager of the Michigan Pre-Seed Capital Fund, said in an email, "We saw a...
  • BREAKING - LightSquared to file for bankruptcy (Another Obama Porkulus Crony!)

    05/14/2012 11:20:08 AM PDT · by tcrlaf · 29 replies
    CNN ^ | 5-14-12 | David Goodman
    Unable to reach a deal with its lenders, upstart wireless carrier LightSquared will file for bankruptcy Monday, according to two sources with knowledge of the company's plans. The move has been widely expected, since the company's options for appeasing its creditors were running out. LightSquare's lenders claim that it has been in default on its debt since its $9 billion partnership with Sprint Nextel
  • Romney the Centrist Peeks Out (Romney Moves to Left)

    04/09/2012 2:18:46 PM PDT · by xzins · 92 replies
    NYT ^ | Apr 8 | THOMAS B. EDSALL
    It was just one line slipped into the middle of a paragraph of Mitt Romney’s speech on April 3 celebrating his primary victories in Wisconsin, Maryland and the District of Columbia: “And the most vulnerable have been hurt the most — over 30 percent of single moms are struggling in poverty.” Seemingly unremarkable, these 19 words represent one of the many steps Romney will be taking as he treks back to the center in the aftermath of a primary campaign dominated by the hard right. It was only two months ago, after all, that Romney told CNN: “I’m not concerned...
  • Obama’s Crony Capitalism and His Top 2008 Donors

    03/22/2012 12:34:05 PM PDT · by Freemarkets101 · 4 replies
    The New American ^ | 3/22/12 | Brian Koenig
    President Obama raised several hundred million dollars during the 2008 election, more than twice what Republican rival John McCain raised and a far cry more than any other U.S. President before him. The result? Obama’s fundraising achievements have ushered in a degree of crony capitalism Americans have quite possibly never witnessed before. The voluminous scale of political favoritism, and in some cases downright corruption, in the current administration has undermined taxpayers and trampled on the U.S. Constitution, as corporate bailouts, legislative kickbacks, and shady government appointments have become commonplace in the Obama White House. Crony capitalism, also referred to as...
  • Crony Capitalism and Algae Energy

    03/20/2012 6:53:20 AM PDT · by SeekAndFind · 13 replies
    American Thinker ^ | 03/20/2012 | Thomas Lifson
    Why on earth did President Obama offer algae as a solution to America's energy problems? I suspect that if he could, he would press the rewind button and erase the comment, as it has exposed him to widespread ridicule from heavyweights like Charles Krauthammer.  But the question remains: why bring it up at all?An answer may lie in his addiction to crony capitalism. Andrew Stiles of the Washington Free Beacon reports: Solazyme, a San Francisco-based firm that specializes in the plant matter, has received more than $25 million in federal grants and contracts as part of Obama administration's controversial...
  • Crony Newt (Will voters overlook his Freddie Mac payments?)

    12/13/2011 11:41:04 AM PST · by SeekAndFind · 27 replies
    National Review ^ | 12/13/2011 | Katrina Trinko
    As the early primaries draw near, Newt Gingrich’s Achilles’ heel could be the millions he was paid by Freddie Mac. Yesterday morning, top rival Mitt Romney called on Gingrich to return the money during a Fox News appearance. For Gingrich, Romney’s request was merely the latest in series of blows since Bloomberg first reported the payments, estimated at $1.6–$1.8 million, in mid-November. “It’s a perfect argument against Gingrich because it ties him to the sleazy practices of the beltway when he is trying to run as an outsider,” observes Larry Sabato, director of the Center for Politics at the University...
  • Exactly What Is Crony Capitalism, Anyway?

    12/12/2011 4:37:51 AM PST · by SeekAndFind · 28 replies · 5+ views
    Real Clear Markets ^ | 12/12/2011 | Bill Frezza
    President Obama, progressive politicians, Occupy protestors, and leftist intellectuals are having a field day attacking what they call the failures and excesses of capitalism. They declare wealth to be prima facie evidence of perfidy, making no distinction as to how it was obtained. They preach equality, not just in opportunity but in economic outcome. In their eyes, all members of the 1% are already guilty, so economic justice demands that the rich be heavily taxed, not just to lift others up, but to bring them down. Some defenders of capitalism draw a sharp distinction between those who obtained their wealth...
  • Former Union Chief Andy Stern Praises Crony Communism

    12/05/2011 8:00:09 AM PST · by raptor22 · 10 replies
    Investor's Business Daily ^ | December 5, 2011 | IBD staff
    Economic Systems: The former head of the Service Employees International Union says capitalism is on the ash heap of history and sees China as our role model. We have seen his future, however, and it doesn't work. President Obama once reportedly told aides, according to the New York Times, that things would be easier if he were president of China. Presumably he meant there would be no pesky things like a Congress, free elections and a free press to deal with. Former SEIU chief Andy Stern, who may still hold the record for visits to the White House under this...