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Keyword: cronycapitalism

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  • Clinton rolls out energy efficiency plan - 1/3 reduction in energy waste in 10 years

    02/02/2016 10:29:57 PM PST · by Cincinatus' Wife · 40 replies
    The Hill ^ | February 2, 2016 | Devin Henry
    Hillary Clinton's presidential campaign Tuesday rolled out a plan to increase building energy efficiency standards as a way to cut emissions and save on energy costs. The plan, her campaign said Tuesday, looks to improve building codes, provide more information about buildings' energy usage and expand appliance energy labeling as ways to reduce energy consumption. The proposal would save households and businesses $70 billion, or $600 per household, annually if implemented, Clinton's campaign said, and reduce taxpayer spending on energy in federal buildings by $8 billion. Its goal is a one-third reduction in energy waste within ten years. The far-reaching...
  • Chamber of Commerce vs. Senator Ted Cruz?

    01/22/2016 12:54:15 PM PST · by Isara · 17 replies
    Conservative Review ^ | January 22nd, 2016 | CR Staff
    Chamber of Commerce operatives may be behind the effort to shift support from Senator Ted Cruz (R-Texas) to billionaire Donald Trump.  One needs to look no further than establishment mouthpiece John Feehery to find evidence.The smoking gun appeared in the New York Times: Trump won’t do long-lasting damage to the G.O.P. coalition,” said John Feehery, a Capitol Hill aide turned lobbyist. “Cruz will." In 2010, Think Progress exposed Feehery for being a paid shill for the Chamber of Commerce. The Hill nor any of television outlets Feehery appears on disclosed the fact that Feehery’s public relations firm, The Feehery Group, counts the U.S. Chamber...
  • Cruz attack ad: Trump got rich from 'seizing private property'

    01/22/2016 8:53:49 AM PST · by GodGunsGuts · 191 replies
    The Hill ^ | January 22, 2016 | Rebecca Savransky
    ... The ad goes on to say that Trump bulldozed the home of an elderly widow in Atlantic City to build a limousine parking lot at his casino. "Trump won't change the system. He's what's wrong with it," it says in the end. Cruz tweeted his ad Friday morning saying "It's time we change the system and break the #WashingtonCartel -- together!" ...
  • Branstad’s Ethanol Attack on Cruz: Will Iowans Choose Politics or Principle?

    01/21/2016 11:57:58 AM PST · by Cincinatus' Wife · 42 replies
    The National Review ^ | January 21, 2016 | Jeremy Carl
    Cruz tries for a respectable showing in Iowa with Trump and the governor against him There are few things that energy-policy experts of all political stripes can agree on - but one of them is that mandates and subsidies to promote the use of corn ethanol (a policy first implemented by Jimmy Carter) are wasteful boondoggles that harm our environment and food supply while imposing billions of dollars of hidden costs on consumers. However, most energy-policy experts are not running for president in the Iowa caucuses. Ted Cruz, however, is running in the Iowa caucuses, and this week he found...
  • GE, Massachusetts, and the Corruption of Crony Capitalism

    01/20/2016 8:12:39 AM PST · by Kaslin · 27 replies
    Townhall.com ^ | January 20, 2016 | Jeff Jacoby
    As General Electric gears up to move its headquarters from Fairfield, Conn., to Boston, the people and communities being left behind are dreading the pain to come. John Engel, a real estate agent and town councilor in nearby New Canaan, told public radio's "Marketplace" that the departure of 800 GE executives, most of whom will likely list their homes for sale, will send the local housing market staggering. Once the region loses millions of dollars in disposable income, it will ineluctably lose much of the business those dollars sustained. There will be fewer patrons to fill local restaurants, for example,...
  • ICYMI: Donald Trump Booed in South Carolina for attacking Ted Cruz

    01/16/2016 7:44:48 PM PST · by Isara · 54 replies
    Cruz News ^ | January 16, 2016
    "Donald Trump can typically do no wrong - until he attacks Ted Cruz."HOUSTON, Texas — Today, at a rally held in Myrtle Beach, SC, New York billionaire Donald Trump attempted to attack Ted Cruz using a New York Times hit piece and was booed by the crowd. Watch the video here:Donald Trump Booed for Attacking Ted Cruz (Video)NBC News: Donald Trump Booed By Conservative Crowd After Attacks on Ted Cruz Among conservatives, Donald Trump can typically do no wrong - until he attacks Ted Cruz.On Saturday, Trump drew boos from a grassroots conservative crowd during remarks at the South Carolina...
  • Chamber of Commerce: Administration on a ‘Regulatory Tear’ Til the Moving Van Backs Up to the…

    01/14/2016 11:53:00 AM PST · by Olog-hai · 6 replies
    Cybercast News Service ^ | January 14, 2016 | 2:13 PM EST | Melanie Hunter
    In a State of American Business address, U.S. Chamber of Commerce President and CEO Thomas Donohue said Thursday that the Obama administration is on a "regulatory tear" that will continue until President Barack Obama leaves the White House. [...] ... "How do we know? They've been telling us every day since the first of the year. It has unleashed a runaway EPA that has been stretching the law, and in some cases, breaking it in order to consume control over the local economic development across America," he said. ...
  • US Chamber announces support for TPP

    01/06/2016 11:33:36 AM PST · by jimbo123 · 18 replies
    The Hill ^ | 1/6/15 | Vicki Needham
    The U.S. Chamber of Commerce is throwing its weight behind President Obama's Trans-Pacific Partnership (TPP), a trade agreement between the United States and 11 other nations. -snip- The Chamber is the third business group to offer support for the deal this week, joining the National Association of Manufacturers and the Business Roundtable.
  • Renewable Cronyism

    12/29/2015 5:50:19 PM PST · by Isara · 11 replies
    PowerLine ^ | December 29, 2015 | Steven Hayward
    I take a more benign view than most conservatives of some of the dreadful budget compromises of the recent omnibus, because spending packages are always going to contain a lot of give and take. Better to look at the long game, to judge if any small victories or compromises may make possible better outcomes down the road. Such small details are as unsatisfying as cold peas, and often don't pan out, or get lost in the shuffle. But I think expecting Paul Ryan to turn around Congress in three months was more than a but unrealistic.Much worse in my mind...
  • Nevada governor signs $335M deal to lure electric carmaker (Faraday Future; backed by Red China)

    12/20/2015 5:37:16 PM PST · by Olog-hai · 10 replies
    Associated Press ^ | Dec 19, 2015 9:15 PM EST | Michelle Rindels
    Nevada Gov. Brian Sandoval approved a $335 million incentive package to attract upstart electric carmaker Faraday Future's billion-dollar factory to a hard-hit Las Vegas suburb, even though the company has yet to unveil a concept car or bring a product to market. The move came shortly after the Legislature voted overwhelmingly to support the deal Saturday, after a four-day special session in Carson City. Lawmakers learned last week that Chinese billionaire Jia Yueting was backing the secretive California-based company, which employs some former Tesla Motors executives, and that Faraday plans to bring 4,500 direct jobs to Nevada. ...
  • AP-GfK Poll: Majority of Americans favor path to citizenship

    12/17/2015 4:17:39 PM PST · by Olog-hai · 40 replies
    Associated Press ^ | Dec 17, 2015 5:49 PM EST | Emily Swanson
    More Americans favor than oppose a pathway to citizenship for immigrants who are living in the United States illegally, a new Associated Press-GfK poll shows. While most Republicans oppose such a path to citizenship, it doesn't seem to be a dealbreaker issue for them. ...
  • 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...
  • DuPont and Dow Chemical are merging to form a $130 billion chemical giant

    12/11/2015 8:40:44 AM PST · by SeekAndFind · 20 replies
    Business Insider ^ | 12/11/2015 | Swetha Gopinath, Reuters
    The chemical giants DuPont and Dow Chemical Co. agreed to merge in an all-stock deal valuing the combined company at $130 billion, with plans to eventually split into three. The deal, which is likely to face intense regulatory scrutiny, allows the new company — to be called DowDuPont -- to rejig assets based on the diverging fortunes of their businesses that make agriculture chemicals and plastics. Dow and DuPont have been struggling to cope with falling demand for farm chemicals because of falling crop prices and a strong dollar, even as their plastics businesses have thrived thanks to low natural-gas...
  • Billionaire Bush donor begins personal anti-Trump campaign (Mike Fernandez, MBF Healthcare Partners)

    12/09/2015 4:06:45 PM PST · by Olog-hai · 23 replies
    Associated Press ^ | Dec 9, 2015 6:37 PM EST | Brendan Farrington
    A billionaire who is backing former Florida Gov. Jeb Bush has launched a personal campaign against fellow billionaire Donald Trump, calling him an insecure, narcissistic bully who needs to be stopped. Mike Fernandez, a Cuban-born major Republican donor from Miami who built his fortune in the health care industry, has bought full-page newspaper ads blasting Trump and planned to run a pro-Latino television ad during Wednesday's GOP debate coverage designed to counter Trump's anti-immigration message. He is also launching a website this week to be called "Stop The Bullyionaire." [...] Fernandez likened the attraction to Trump to the rise of...
  • U.S. House approves highway bill that revives EXIM bank (conservatives screwed again)

    12/03/2015 1:55:17 PM PST · by fifedom · 46 replies
    Reuters ^ | 12/3/2015 | David Morgan
    The U.S. House on Thursday passed a five-year transportation bill that also revive(s) the charter of the U.S. Export-Import Bank, which had been allowed to expire in the face of conservative opposition. the House of Representatives voted 359 to 65. All 65 "no" votes came from Republicans, including lawmakers opposed to the EXIM bank measure. "It proves to the American people that we can get things done," said House Transportation Committee Chairman Bill Shuster, a Pennsylvania Republican.
  • Donors line up behind Kasich Super PAC planning Trump attack

    11/23/2015 5:33:08 PM PST · by 2ndDivisionVet · 25 replies
    Reuters ^ | November 22, 2015 | Emily Flitter
    Nearly a dozen big Republican donors backing different presidential candidates are coming together to help fund an advertising campaign attacking front-runner Donald Trump, who faced sharp criticism from rivals this week for his inflammatory comments about Muslims. Matt David, spokesman for the group planning the attack, a Super PAC called New Day for America, which is supporting Ohio Governor John Kasich's presidential bid, said 10 new donors had pledged money in the two days since Politico reported Thursday evening the group's plans to attack Trump in New Hampshire....
  • 22 Times Obama Admin Declared Climate Change a Greater Threat than Terrorism

    11/15/2015 5:08:55 AM PST · by HomerBohn · 28 replies
    Breitbart ^ | 11/14/2015 | Jerome Hudson
    (watch video at link) ISIS has taken responsibility for the horrifying attacks in Paris that have left more than 150 dead and hundreds wounded. French President Francois Hollande is calling for the closure of his country's borders. President Barack Obama didn't condemn Islamic radicals for the attacks, but he did call them "an outrageous attempt to terrorize innocent civilians" and "an attack on all of humanity and the universal values we share." Friday's deadly attacks thwarted Al Gore's long-planned Paris webcast and star-studded concert to promote climate change awareness. "Out of solidarity with the French people and the City...
  • Obama Lines Up Crony Capitalist Support for Climate Pact

    11/14/2015 8:10:56 AM PST · by HomerBohn · 18 replies
    The New American ^ | 11/13/2015 | William F. Jasper
    With many analysts predicting that the upcoming United Nations Climate Summit in Paris will fail to produce an ambitious, binding global agreement, President Obama is hoping to come to the rescue. He does not want a repeat of the 2009 UN confab in Copenhagen, where he was roundly dissed by his green supporters for "failing to seal the deal." The president has loads of friends on Wall Street. As the grand sugar daddy handing out corporate welfare, Obama has taken the White House pay-to-play game to new stratospheric levels, as even many of his media allies and erstwhile supporters...
  • Why Millionaires Like Hillary Clinton: Here's why the Democrats are the Real Party of the Rich

    11/10/2015 8:40:21 AM PST · by SeekAndFind · 6 replies
    PJ Media ^ | 11/10/2015 | Tyler O'Neil
    Photo courtesy AP Images Hillary Clinton has one key part of the electorate already in the tank for her candidacy — millionaires and CEOs. In Congress, Democrats represent the richest and most unequal districts in America. While liberal pundits attack the GOP as the party of the rich, the real plutocrats are on the other side of the aisle.How can this be? The Democrats rail against the abuses of the "one percent" and run on a platform of reducing income inequality, but the rich continue to support them. Liberals attack unregulated markets, call for unrealistic "green energy" proposals, and...
  • Was That Bernie Blasting Corporate Welfare? Nope. Koch.

    11/03/2015 7:03:35 AM PST · by governsleastgovernsbest · 8 replies
    NewsBusters ^ | Mark Finkelstein
    Who said it? "Get rid of all this corporatism, this corporate welfare . . . I would love to have the government stop this corporate welfare--that's what I want . . . This is a huge racket that's wrecking the country." Did you guess Bernie Sanders? Probably not because you read the headline. Yet no one could be blamed for thinking it was Sanders. But indeed, it was Charles Koch, who said it in an interview with Joe Scarborough and Mika Brzezinski that aired on today's Morning Joe. Charles Koch--one of the infamous Koch brothers that the MSM and Dems...
  • Did GM Get Sweetheart Deal on Homeland Security Vehicles?

    11/02/2015 9:58:45 AM PST · by jazusamo · 18 replies
    NLPC ^ | November 2, 2015 | Mark Modica
    A report by the Office of the Inspector General (OIG) for the Department of Homeland Security has found that the Department’s Federal Protective Service (FPS) division wasted about $2.5 million of taxpayer money in 2014 on an extravagant fleet vehicle program. It is not surprising that images show that the vehicles in question appear to be manufactured by crony company , General Motors. A House of Representatives Subcommittee on Oversight and Management Efficiency, headed by Rep. Scott Perry (R-PA), requested the audit on the FPS’ fleet operation. The report unveils a fleet of 1,169 vehicles which were leased at...
  • ‘We Need an Energy Miracle’ Bill Gates

    11/01/2015 6:39:50 PM PST · by BeauBo · 82 replies
    The Atlantic ^ | Nov 2015 | James Bennet
    "On why the free market won’t develop new forms of energy fast enough: ...Without a substantial carbon tax, there’s no incentive for innovators or plant buyers to switch."
  • Report Traces Jeb Bushs Ties to Companies That Had Business With Florida

    10/21/2015 4:21:59 PM PDT · by Amntn · 3 replies
    NY Times ^ | 10/21/15 | MATT FLEGENHEIMER and STEVE EDER
    Since announcing his presidential candidacy in June, Jeb Bush has made clear his distaste for officials who trade on their connections. He has assailed the revolving-door culture of Washington, calling for a little bit of a recession there to thin the ranks of the permanent political class. He has proposed a strict six-year ban on lobbying for departing members of the House and the Senate.Snip...Yet a review of Mr. Bushs finances shows that he has built his personal wealth with the help of companies that had business interests with Florida while he was governor, and that singled out his political...
  • 81 Major Corporations [] Sign WH Pledge to Back Global Climate Change Deal (truncated)

    10/20/2015 10:08:22 PM PDT · by Olog-hai · 40 replies
    Cybercast News Service ^ | October 20, 2015 | 5:21 PM EDT | Mairad McArdle
    Eighty-one major corporations with operations in the U.S.including Google, Facebook, Apple, Coca Cola and General Motorshave taken a White House pledge to demonstrate their support for action on climate change and the conclusion of a climate change agreement in Paris that takes a strong step forward toward a low-carbon, sustainable future. Signing the White Houses American Business Act on Climate Change Pledge shows a continuing commitment to action preventing global warming and is intended to set an example for other companies to pursue similar policies, according to a statement released by the White House. It also shows the signatories support...
  • TPP would gut US border controls, Constitution (ISDS)-- Obama's backdoor open-borders amnesty

    10/10/2015 3:33:10 PM PDT · by Javeth · 58 replies
    For Effective Government ^ | 6/3/2015 | Scott Klinger
    The TPP, like many treaties before it, embraces the Investor-State Dispute Settlement process (ISDS), which allows corporate actors to sue sovereign nations to seek compensation for rules or regulations that impede the corporations ability to maximize profits. Unlike national courts that commonly allow corporations to sue to recoup actual investments, ISDS insists that corporations be compensated for expected profits, sometimes profits they anticipate decades into the future. The ISDS process is one-sided and undemocratic. Corporate claims against sovereign states are heard in special courts overseen by a handful of judges, most of whom are corporate lawyers. Once the ISDS panel...
  • Congressman Stephen Fincher: From Tea Partier to corporate welfare champion (Ex-IM Bank)

    10/10/2015 12:38:33 PM PDT · by VinL · 24 replies
    WashExaminer ^ | 10/2/15 | Tim Carney
    Washington corrupts, and Congressman Stephen Fincher is proof... It would be an understatement to say Fincher has come to terms with boondoggles and special interests. Fincher, once an opponent of the Export-Import Bank a federal agency that subsidizes foreign buyers of U.S.-made goods now is trying to undermine his party's leadership by teaming up with Nancy Pelosi and her party in order to reauthorize Ex-Im Bank.... Fincher has raised a quarter-million for his re-election, according to his most recent campaign finance filing...... More than 99 percent of the money powering Fincher's re-election bid comes from political action committees (almost...
  • Obama Unilaterally Rewrites Immigration Law --- Again

    Last week Senate Judiciary Committee chairman Chuck Grassley hit back against Obamas Department of Homeland Security (DHS) after the agency pushed through, during a congressional recess, a major immigration item that has long been on the technology lobbys wish list. According to a new policy memorandum, Obamas immigration authorities will now be redefining the term specialized knowledge as it applies to the L-1B visa, a program previously aimed at bringing over highly sought-after intracompany transferees from American firms affiliated companies abroad. No doubt burned by Congresss stubborn refusal to raise the cap on annual cap on H-1B visas (which are...
  • Obama using business CEOs meeting to apply budget pressure

    09/16/2015 1:52:12 PM PDT · by Olog-hai · 4 replies
    Associated Press ^ | Sep. 16, 2015 4:44 PM EDT | Kevin Freking
    President Barack Obama urged Congress on Wednesday to avoid another contentious budget showdown and warned that the economy would take a hit if the government shuts down again. Obama blamed Republicans for the shutdown two years ago and made clear he would so again if it comes to that. Youll recall two years ago Republicans shut down the government because they didnt like Obamacare. Today, some are suggesting the government should be shut down because they dont like Planned Parenthood, Obama said. Thats not good sense, and its not good business. A partial shutdown will occur Oct. 1 unless lawmakers...
  • Justice Dept. encourages prosecutions of corporate execs

    09/09/2015 7:27:13 PM PDT · by Olog-hai · 16 replies
    Associated Press ^ | Sep 9, 2015 9:34 PM EDT | Eric Tucker
    The Justice Department issued new guidance to its prosecutors on Wednesday, aimed at encouraging more white-collar criminal cases against corporate executives. The new policies come amid persistent criticism that the Justice Department, even while negotiating multi-billion-dollar settlements with large banks, has not been aggressive in prosecuting individuals for financial misconductincluding after the mortgage crisis that devastated the U.S. economy. The policy changes were outlined in a memo issued to Justice Department attorneys and to the FBI, and Deputy Attorney General Sally Yates was expected to discuss the issue in a speech Thursday at New York Universitys law school. Though its...
  • BIDEN: IM MAD, IM ANGRY ECONOMY DEVASTATING FOR WORKERS

    09/07/2015 12:45:22 PM PDT · by Hojczyk · 93 replies
    Breitbart ^ | September 7, 2015 | by PAM KEY
    167 Monday at an AFL-CIO Labor Day event in Pittsburgh, Vice President Joe Biden ranted about the economy as it pertains to the American labor force. Biden said, We cant let the changes that have taken place and crept in for the last twenty years but they have been devastating for workers. I hope everybody in America has a chance to become millionaire and we need billionaires. But let me tell you something, man, The tax codes not fair. Its simply not fair. The wealthy arent paying their fair share. It used to be one America everybody was in on...
  • Obamas attack on Koch brothers is personal

    08/31/2015 8:36:12 PM PDT · by MtnClimber · 18 replies
    The Boston Globe ^ | August 28, 2016 | John E. Sununu
    Charles Koch is no Ben Franklin. But he has a right to speak, write, and purchase advertising that espouses his views. If the president cant accept and champion that concept, hes running afoul of 240 years of American history. And if he wants to live in a country that doesnt allow it, theres always Russia. They dont do that in Russia.
  • EXCLUSIVE: TRUMP CALLS CLUB FOR GROWTH A PACK OF THIEVES

    08/29/2015 2:24:06 PM PDT · by Hojczyk · 131 replies
    Breitbart ^ | August 29,2015 | by MICHAEL PATRICK LEAHY
    In an exclusive interview with Breitbart News, GOP front runner Donald Trump is firing back at the Club for Growth. Theyre a pack of thieves, Trump told Breitbart News as he was leaving Nashvilles Rocketown facility. He had just finished delivering a high-energy speech to an overflow crowd of more than 1,000 people. Trump was attending the annual convention of the National Federation of Republican Assemblies, which describes itself as the grassroots Republican wing of the Republican Party. They [the Club for Growth] came to my office looking for money. I turned them down. Thats why theyre after me, Trump...
  • Pesticides in paradise: Hawaii's spike in birth defects puts focus on GM crops

    08/23/2015 7:40:52 PM PDT · by RushingWater · 17 replies
    The Guardian ^ | 8/23/2015 | Christopher Pala
    Local doctors are in the eye of a storm swirling for the past three years over whether corn thats been genetically modified to resist pesticides is a source of prosperity, as companies claim, or of birth defects and illnesses Pediatrician Carla Nelson remembers catching sight of the unusually pale newborn, then hearing an abnormal heartbeat through the stethoscope and thinking that something was terribly wrong. The baby was born minutes before with a severe heart malformation that would require complex surgery. What worried her as she waited for the ambulance plane to take the infant from Waimea, on the island...
  • Election 2016: Jeb Bush Got $1.3M Job At Lehman After Florida Shifted Pension Cash To Bank

    08/21/2015 2:34:07 AM PDT · by markomalley · 30 replies
    International Business Times ^ | 8/20/15 | Matthew Cunningham-Cook, David Sirota, Andrew Perez
    For Florida taxpayers, the move by the administration of then-Gov. Jeb Bush to forge a relationship with Lehman Brothers would ultimately prove disastrous. Transactions in 2005 and 2006 put the Wall Street investment bank in charge of some $250 million worth of pension funds for Florida cops, teachers and firefighters. Lehman would capture more than $5 million in fees on these deals, while gaining additional contracts to manage another $1.2 billion of Florida's money. Then, in the fall of 2008, Lehman collapsed into bankruptcy, leaving Florida facing up to $1 billion in losses.But for Jeb Bush personally, his enduring relationship...
  • Fiorina's a Liberal; Don't be deceived

    08/09/2015 11:35:53 AM PDT · by spacejunkie2001 · 70 replies
    me | 8/9/15 | Vanity
    For those that are thinking Fiorina is a good choice to get behind, that she is a good debater, goes hard after hitlery, etc., it's incumbent on all of us to know who she REALLY is: A few tidbits: When the police in Baltimore were arrested she said 'we all breathed a sigh of relief' (all over the interwebs) In 2008, Fiorina supported the Wall Street Bailout known as TARP and even advocated that it was insufficient. (Fox News) Fiorina supported portions of the Obama stimulus, particularly broadband subsidies. ....(Information Week) Fiorina called on more government intervention into the housing...
  • Carly Fiorina is open to legal status for adult illegal immigrants, citizenship for their kids

    08/09/2015 2:33:05 PM PDT · by jimbo123 · 48 replies
    Washington Times ^ | 6/15/15 | Seth McLaughlin
    Former Hewlett Packard CEO Carly Fiorina said Monday that adult illegal immigrants should not receive a path to citizenship under an immigration fix, but said she is open to giving their children citizenship. Mrs. Fiorina, who is running for the GOP presidential nomination, also said she could support giving those who have come here illegally and stayed here illegally legal status. I think legal status is a possibility for sure, Mrs. Fiorina said on MSNBCs Morning Joe. I think their children maybe can become citizens.
  • Tesla Mounts A Self-Serving Push For Tougher Fuel Economy Standards

    08/07/2015 5:31:52 PM PDT · by jazusamo · 33 replies
    Investors.com ^ | August 7, 2015 | IBD Editorial
    Crony Capitalism: Not content with the billions it gets in government help, Tesla Motors now wants tougher fuel economy standards that would cripple its competitors. Is this what passes for entrepreneurship today? In 2012, President Obama announced a new "Corporate Average Fuel Economy" standard that will require all the cars each automaker sells to get an average 54.5 miles per gallon by 2025. Given the lead time that automakers need to design and test new cars, they now have only a few years to figure out how to achieve that goal. And since there are only a couple non-plug-in cars...
  • Boeing, GE cut off donations to Ex-Im foes

    08/05/2015 8:45:59 PM PDT · by entropy12 · 22 replies
    Politico ^ | 8/5/15 | ANNA PALMER and JEREMY HERB
    When House Majority Leader Kevin McCarthy headlined a fundraiser in early June the room was packed with defense industry lobbyists, but reps from one megacontractor were missing Boeing. Not only was Boeing absent at that fundraiser, the contractor has cut off all political contributions to the No. 2 House Republican over his support for killing the Export-Import Bank, which facilitates billions of dollars in low-interest loans to U.S. exporters like Boeing. General Electric, also a major supporter of renewing Ex-Im and a benefactor of the agency, has followed suit and has not contributed to the California Republican this year....
  • They Live, We Sleep: A Dictatorship Disguised as a Democracy

    08/05/2015 8:06:23 AM PDT · by RedMominBlueState · 27 replies
    The Rutherford Institute ^ | August 4, 2015 | John Whitehead
    ...A 2014 study conducted by Princeton and Northwestern University concluded that the U.S. government does not represent the majority of American citizens. Instead, the study found that the government is ruled by the rich and powerful, or the so-called economic elite. Moreover, the researchers concluded that policies enacted by this governmental elite nearly always favor special interests and lobbying groups. In other words, we are being ruled by an oligarchy disguised as a democracy, and arguably on our way towards fascisma form of government where private corporate interests rule, money calls the shots, and the people are seen as mere...
  • With Republicans Like These

    07/31/2015 5:33:48 AM PDT · by Kaslin · 3 replies
    Townhall.com ^ | July 31, 2016 | Erick Erickson
    The Export-Import Bank is the height of crony capitalism. The bank uses taxpayer subsidies to make it possible for some American companies to sell their manufactured wares overseas at a lower price. It leads to absurd results like Boeing being able to sell its planes to foreign airliners at a cheaper rate than American aviation companies can buy them. There have been indictments and charges of corruption galore related to the Export-Import Bank. It disrupts the free market, wastes taxpayer dollars and is overwhelmingly unpopular with Republicans and even some Democrats. But Washington lobbyists love it, and they have been...
  • Sen. Cruz: Corrupt Ex-Im Deal Proves We Have Government Of, By, and For the Lobbyists

    07/28/2015 10:42:14 AM PDT · by SoConPubbie · 10 replies
    Cruz.Senate.Gov ^ | 07/24/2015 | Senator Ted Cruz
    Senate leadership colludes with Washington Cartel of big business and career politicians against the American taxpayer WASHINGTON, D.C. – U.S. Sen. Ted Cruz (R-Texas) today gave a powerful floor speech shining a light on the corrupt deal struck by Senate Republican leadership to allow the reauthorization of the Export-Import Bank.Some key quotes are below, followed by a complete transcript and of Sen. Cruz’s remarks. Video above.“There is a profound disappointment among the American people because we keep winning elections and then we keep getting leaders who don't do anything they promised...”“We've had a Republican majority in both houses of Congress now for about six months. What has that...
  • Senate Resurrection of Export-Import Bank Goes to Divided House

    07/26/2015 2:34:42 PM PDT · by jimbo123 · 23 replies
    NY Times ^ | 7/26/15 | JONATHAN WEISMAN
    In a rare and fiery weekend session, the Senate voted on Sunday to resurrect the federal Export-Import Bank, handing the Republican Partys most conservative wing a major defeat and setting up a showdown this week with House leaders divided over the moribund export credit agency. The bipartisan vote 67 to 26 broke a filibuster and allowed supporters to attach a measure to reauthorize the Export-Import Bank to a three-year highway and infrastructure bill, which is expected to pass the Senate early this week. The agencys authorization expired June 30, halting all new loan guarantees and other assistance to...
  • Microsoft Lays Off Thousands While Demanding More H1-B Visas

    07/08/2015 6:31:51 PM PDT · by markomalley · 28 replies
    Daily Caller ^ | 7/8/15 | Blake Neff
    Tech giant Microsoft announced Wednesday that it will be laying off approximately 7,800 employees worldwide, bringing a denunciation from a federal lawmaker who says the firings expose the companys calls for more immigration.The firings, which will eliminate about 7 percent of the companys workforce, are concentrated in Microsofts troubled mobile phone business, and will eliminate most of the remaining employees from its purchase of Nokias phone operation in 2013. Only some of the layoffs are in the U.S., with Finland being hit especially hard with over 2,ooo jobs lost. The firings follow up on the 18,000 layoffs the company made...
  • Donald Trump: I didn't expect business backlash to be "quite this severe"

    07/04/2015 8:23:49 PM PDT · by Mariner · 112 replies
    CBS News ^ | July 4th, 2015 | By Reena Flores
    On the heels of several major corporations distancing themselves from Donald Trump's various business interests, the Republican presidential candidate admitted Saturday that he didn't think the corporate backlash to his inflammatory comments about Mexican immigrants would be "quite this severe." "I knew it was going to be bad because I was told this. All my life I have been told this: If you are successful, you don't run for office," Trump said in an interview on Fox News, addressing the recent spate of businesses that have severed their relationships with his brand. "I didn't know it was going to be...
  • Hack the vote: Cyber experts say ballot machines easy targets

    06/11/2015 3:19:00 PM PDT · by Oldeconomybuyer · 9 replies
    FOX News ^ | June 11, 2015 | By Malia Zimmerman
    The recent cyber theft of millions of personnel records from the federal government was sophisticated and potentially crippling, but hackers with just rudimentary skills could easily do even more damage by targeting voting machines, according to security experts. In many cases, even the electronic ballots could be manipulated remotely, according to a new report. The report found that the AVS WINVote machines Virginia has used since 2002 have such flimsy security that an amateur hacker could change votes from outside a polling location. This means anyone could have broken into the machines from the parking lot, said Cris Thomas, a...
  • Life in Ameritopia

    06/14/2015 5:50:13 PM PDT · by Sean_Anthony · 4 replies
    Canada Free Press ^ | 06/14/15 | Sandy Stringfellow
    The country in which we live today is not the “pioneering spirit of free associations and entrepreneurial creativity born in personal liberty” America of the Founders and Framers: it is Ameritopia Senator Ted Cruz was interviewed by Jeff Kuhner during his radio program on Friday, June 12th, 2015; the day of the vote in which the Trade Promotion Authority (TPA) – part of the prescribed legislative pathway to passage of the Trans-Pacific Partnership (TPP) – was smacked down in the House by Nancy Pelosi’s Democrats working along side 34 Republicans against King Barry and the Progressive RINO Establishment: led by...
  • Ted Cruz ,Pit of Vipers and the Council on Foreign Relations member in his family

    06/14/2015 6:37:02 AM PDT · by ncalburt · 333 replies
    Wing Right News ^ | May 28 2012 | B Nuchols
    http://wingright.org/2012/05/28/ted-cruz-pit-of-vipers-and-the-council-on-foreign-relations-member-in-his-family/
  • Going for the Golden Climate Change Dollars - "Bootlegger and Baptist"

    06/11/2015 9:12:44 AM PDT · by Cincinatus' Wife · 6 replies
    E21 - Economic Policies ^ | William O'Keefe
    In 1848, the discovery of gold in California lead to one of the most dramatic population shifts in US history. People hoping to strike it rich migrated from all over the country, South America, and even as far as China. The non-native American population of California went from under 1,000 to over 100,000 in a little over one year. Today, there is another gold rush taking place in Washington D.C. as political entrepreneurs seek to strike it rich by mining the climate change mother lode. According to the 2013 Federal Climate Change Expenditures Report to Congress, the Federal Government is...
  • Tesla loses its shot at direct car sales in Texas

    06/02/2015 9:00:27 AM PDT · by Conscience of a Conservative · 23 replies
    Engadget ^ | May 31, 2015 | Jon Fingas
    If you want to buy a Model S in Texas, you're going to have to jump through some hoops for at least the next couple of years. Bills that would let Tesla sell cars directly to customers aren't going to get a vote before the state's legislative session wraps up on June 1st, leaving the electric vehicle maker high and dry until the next session kicks off in 2017. This doesn't mean that you're completely out of luck if you want Tesla-made transportation in Austin (see above for proof), but you can't simply pick one up. The setback isn't completely...
  • The Congressional Board of Exchange

    05/24/2015 6:44:28 AM PDT · by Sean_Anthony
    Canada Free Press ^ | 05/24/15 | Sandy Stringfellow
    Congress is forgetting its duty: to improve jobs and wages for Americans We are living in a political world of the UniParty; its sort of like the Chicago Mercantile Exchange, a historic commodity and in these modern times financial derivative exchange based in Chicago. Naturally, the UniParty isnt quite as obvious as the Chicago floor traders standing in a trading pit, calling out orders, prices, and quantities of particular commodities while dressed in color-coded jackets indicating their function on the trading floor; nor are those in the Senate usually observed gesticulating with complex hand signals to communicate the...