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Keyword: cronycapitalism

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  • Elon Musk Is A Very Creative Crony Capitalist

    08/08/2017 4:04:19 AM PDT · by EyesOfTX · 9 replies
    DB Daily Update ^ | 8.8.2017 | David Blackmon
    Elon Musk is a very creative guy. We all know it, and often admire it. He’s the guy who’s going to colonize Mars, the guy who’s going to roof your house with solar shingle and pave highways with solar pavers. He’s also the guy who is now bringing us the Tesla 3 electric motor car, his new, more compact and sporty model for which he claims to have already received 500,000 orders. It’s all so wonderful, and his giant PR operation issues about 27 press releases a week bragging about his every move. Well, ok, not quote every move. Here’s...
  • The Resistance Tries to Use America First Language to Suck up to Trump

    06/29/2017 8:30:33 AM PDT · by 54fighting · 2 replies
    Big League Politics ^ | 06/29/17 | Patrick Howley
    Top Democrats in Washington hate President Donald Trump and are determined to stop him. That is, until their corporate lobbying clients — like the major airlines — need to pressure Trump to get rid of “unfair competition” in their industry. Then, all of a sudden, they become populist nationalists.
  • World Offers Cautionary Tale for Trump’s Infrastructure Plan

    06/26/2017 11:14:16 AM PDT · by Tolerance Sucks Rocks · 20 replies
    The New York Times ^ | June 16, 2017 | Peter S. Goodman
    LONDON — The rest of the planet bears a warning for President Trump’s plan to lean heavily on private business in conjuring a trillion dollars’ worth of American infrastructure: Handing profit-making companies responsibility for public works can produce trouble. In India, politically connected firms have captured contracts on the strength of relationships with officialdom, yielding defective engineering at bloated prices. When Britain handed control to private companies to upgrade London’s subway system more than a decade ago, the result was substandard, budget-busting work, prompting the government to step back in. Canada has suffered a string of excessive costs on public...
  • Cronyism Kills Capitalism

    05/31/2017 11:15:05 AM PDT · by Sean_Anthony · 7 replies
    Canada Free Press ^ | 05/31/17 | Megan Barth
    Cronyism is alive and well in the Swamp. “We The People” who resoundingly voted to “Drain the Swamp” will lose if the status quo is allowed to win. “Status quo, you know, is Latin for ‘the mess we’re in’.”—Ronald Reagan Crony capitalism is defined as an economic system characterized by close, mutually advantageous relationships between business leaders and government officials. Many of our nation’s biggest companies come to the Washington Swamp, to hire lobbyists to preserve tax breaks, to use the power of government for competitive reasons or to secure government money for corporate projects. And Elizabeth Warren is happy...
  • Are Collapsing Pensions "About To Bring Hell To America"?

    03/16/2017 9:54:04 AM PDT · by Perseverando · 20 replies
    Zero Hedge ^ | March 16, 2017 | Authored by Mac Slavo via SHTFplan.com,
    The toxic dollar is bringing hell in a handbasket. Along with the student loan debt bubble and other major financial factors, the looming pensions crisis is bound to be the death of us all. Because it’s based on a future promise to pay, it has long been a benefit dangled to solve strikes and union disputes – because, in the end, it is just more debt, whether private or public. With tens of trillions in unfunded liabilities, the weight of an avalanche remains dangling over our heads. An aging population is cashing in on needed retirement benefits while the younger...
  • Trump's Plan To Cut Regulations Will Face A Surprising Foe

    02/01/2017 3:28:36 AM PST · by IBD editorial writer · 38 replies
    Investor's Business Daily ^ | 1/31/2017 | John Merline
    As soon as President Trump signed his executive order calling for two regulations to be eliminated for every new one enacted, the usual suspects started to complain. Union of Concerned Scientists President Ken Kimmell called it "absurd, imposing a Sophie's Choice on federal agencies." William Gale of the left-of-center Brookings Institution complained that "there's no logic to this." Public Citizen head Robert Weissman called Trump's order "unworkable," "harmful," "unprecedented and untested," and "horrifying." "Americans will once again have to pay the price for the consequences of corporate recklessness, greed and lawbreaking," Weissman added for good measure. Trump's executive order, signed...
  • Trump Carrier Deal Weathers Bogus ‘Crony Capitalism’ Charges

    12/06/2016 9:10:00 AM PST · by GonzoII · 66 replies
    Lifezette ^ | 06 Dec 2016 | Jim Stinson
    When President-Elect Donald Trump helped convince Carrier Corp. to keep 1,069 jobs in the Indianapolis region, you would have thought he had all employed all manner of socialism to achieve this success — judging from the criticism lobbed by political adversaries. The opposition to the Carrier deal came mostly from the Right — but in some cases, came from the Left, too. Former Alaska Gov. Sarah Palin, an early Trump supporter, called it “special-interest crony capitalism.” The Weekly Standard founder and the father of “NeverTrump,” William Kristol, said it violated the rule of law and was arbitrary government bullying (although Trump is...
  • Trump says cancel new Air Force One: Costs 'out of control'

    12/06/2016 6:48:15 AM PST · by Olog-hai · 87 replies
    Associated Press ^ | Dec. 6, 2016 9:36 AM EST | Jonathan Lemire
    Six weeks from taking office, Donald Trump says he wants the government to cut some costs by canceling its order for a new Air Force One, the plane that carries presidents around the globe. The government has contracted with Boeing to build two or more new planes, which would go into service around 2024. That means Trump wouldn’t fly on the new planes unless he pursued and won a second term. But the Air Force has pressed for a faster schedule, saying the current planes are becoming too expensive to repair and keep in good flying shape. The contract for...
  • 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,...
  • Sarah Palin calls Trump’s deal with Carrier ‘crony capitalism’

    12/02/2016 7:22:39 PM PST · by Mariner · 260 replies
    The Sacramento Bee ^ | December 2nd, 2016 | By Brian Murphy
    Former Republican vice-presidential nominee Sarah Palin, who is reportedly under consideration for a spot in President-elect Donald Trump’s administration, criticized Trump’s recent deal with Carrier to keep jobs in the United States. Trump visited the Carrier plant in Indianapolis on Thursday and touted the deal during a speech after the visit in front of a Carrier banner. Carrier will keep about 1,000 jobs in Indiana, instead of moving them to Mexico. In exchange, the state of Indiana is giving the company about $7 million in incentives. Vice president-elect Mike Pence in the current governor of Indiana. “When government steps in...
  • Vanity: What the Hell is wrong with Sarah Palin?

    12/02/2016 4:50:35 PM PST · by Extremely Extreme Extremist · 81 replies
    EEE | 02 DECEMBER 2016 | EEE
    Does she not know that Trump assured Carrier that he'll reduce the regulatory climate and lower taxes across the board, which will help not only Carrier but all American businesses overall. How is this crony capitalism? As far as tax credits or subsidies are concerned, those came from the state of IN. The point is, is that now's not the time to be engaging in this self-defeating crap. Trump already got his hands full by fighting off Hillary from stealing the election from him and walking on eggshells while Obola is still in the WH. Discuss this privately with Trump...
  • Palin slams Trump Carrier deal as 'crony capitalism'

    12/02/2016 3:36:36 PM PST · by PROCON · 174 replies
    thehill.com ^ | Dec. 2, 2016 | PAULINA FIROZI
    Sarah Palin is criticizing President-elect Donald Trump’s deal with Carrier, even as she is reportedly under consideration to serve as Trump's secretary of Veterans Affairs. In a op-ed in Young Conservatives published Friday, the former Alaska governor first expresses excitement for the Carrier employees whose jobs are staying in Indiana. “What a relief for hundreds of workers,” she wrote. “Merry Christmas Indiana!” But she goes onto to blast the deal as “crony capitalism" and an example of the "hallmark of corruption" and "socialism." “When government steps in arbitrarily with individual subsidies, favoring one business over others, it sets inconsistent, unfair,...
  • Sarah Palin: But… Wait… The Good Guys Won’t Win With More Crony Capitalism

    12/02/2016 3:03:27 PM PST · by MadIsh32 · 34 replies
    Youngcons.com ^ | 12/02/2016 | Governor Sarah Palin
    When government steps in arbitrarily with individual subsidies, favoring one business over others, it sets inconsistent, unfair, illogical precedent. Meanwhile, the invisible hand that best orchestrates a free people’s free enterprise system gets amputated. Then, special interests creep in and manipulate markets. Republicans oppose this, remember? Instead, we support competition on a level playing field, remember? Because we know special interest crony capitalism is one big fail.
  • This Is How Steve Bannon Sees The Entire World

    11/16/2016 3:39:47 AM PST · by CapitalistCrusader · 23 replies
    BuzzFeed ^ | 11/15/2013 | J. Lester Feder
    The soon-to-be White House chief strategist laid out a global vision in a rare 2014 talk, one where he said racism in the far right gets “washed out” and called Vladimir Putin a kleptocrat. BuzzFeed News publishes the complete transcript for the first time.
  • Pepsi Funds Planned Parenthood, Now Its CEO is Trashing Trump’s Election:“Our Employees Were Crying”

    11/15/2016 7:07:24 PM PST · by Morgana · 65 replies
    Life News ^ | November 15, 2016 | Tony Perkins
    A week after Donald Trump’s election, the comments by Pepsi’s CEO have been tough for a lot of voters to swallow. Like Grubhub founder Matt Maloney, who’s on the hot seat after an employee email showing Trump supporters the door, Indri Noovi must not have been thinking about her bottom line when the soft drink mogul bashed the new president-elect. Well, she’s certainly thinking about it now that #BoycottPepsi is picking up steam. At a New York Times event last Tuesday, Noovi’s emotions were obviously raw from the defeat of Pepsi’s choice for the next generation: Hillary Clinton. In a...
  • An Explanation of How Clinton, Inc. Raked in Cash Through Cronyism

    10/27/2016 2:26:14 PM PDT · by Kaslin · 4 replies
    Rush Limbaugh.com ^ | October 27, 2016 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: The WikiLeaks dump today has something incredible in it and one of the things I like to try to do each and every day is take the complex and make it understandable. Sometimes it's challenging to do because in order to take something complex and make it understandable, the people to whom you're speaking have to have at least a quasi-foundation of understanding of the subject matter. And I think in this case most every one of you do. The specific leak to which I'm referring is a series of emails that show the absolute connection between...
  • Connecticut pledges $220M in incentives to keep Sikorsky

    09/20/2016 3:57:50 PM PDT · by Olog-hai · 12 replies
    Associated Press ^ | Sep 20, 2016 5:31 PM EDT
    The office of Connecticut’s governor says Sikorsky Aircraft has committed to keeping its headquarters in the state and adding jobs in an agreement that involves $220 million in state incentives. […] The deal calls for Sikorsky to build nearly 200 CH-53K King Stallion helicopters in Connecticut for the U.S. Navy until at least 2032. The incentives pledged by Malloy’s office include grants and tax exemptions. …
  • TRUMP JUST PUT THE FEAR IN EVERY CONGRESSMAN WITH 1 EPIC PROMISE TO AMERICA

    08/19/2016 6:37:58 PM PDT · by BlackFemaleArmyCaptain · 225 replies
    CONSERVATIVE TRIBUNE BLOG ^ | AUGUST 19, 2016 AT 1:45PM | BY: WILMOT PROVISO 
    For many establishment congressmen of both parties, being elected isn’t a chance to make a difference in the political life of America. It’s a sinecure that allows them to become fat off of special interest money and speaking fees. Americans of all stripes are frustrated with this attitude, which is part of the reason why anti-establishment Donald Trump got the Republican nomination. Now, Trump has made a huge move to end congressional sinecures and the politicos who occupy them. According to Associated Press, Trump told an audience in North Carolina that he would look into term limits for Congress if...
  • Enough with those corrupt, taxpayer-paid bribes to Hollywood

    08/11/2016 9:45:22 PM PDT · by TBP · 2 replies
    The New York Post ^ | August 10, 2016 | 8:15pm | Michelle Malkin
    Government officials make phony-baloney claims that their public-private “investments” will pay for themselves. But study after study, on both the progressive left and the free-market right, shows that the economy-stimulating effect of public subsidies for private corporate preferences (movies, sports stadiums, malls, hotels, you name it) is negligible. Loan guarantees. Refundable tax credits and rebates. Tax-increment financing. Tax-exempt bonds. All these enticements dangled by thirsty bureaucrats before wealthy developers, sports team owners and Hollywood moguls who don’t need them amount to blatant redistributions of wealth. The independent California Legislative Analyst’s Office found that for every dollar California spent on the...
  • Tesla was Under SEC Audit before Autopilot Crashes

    08/02/2016 2:35:43 PM PDT · by 867V309 · 12 replies
    breitbart.com ^ | 2 Aug 2016 | Chriss W. Street
    But in another depressing development, the National Highway Traffic Safety Administration (NHTSA) Office of Defects probe released its initial report stating that the Tesla Model S on autopilot was speeding and never braked when the car T-boned a tractor trailer and killed its driver.