Keyword: cronyism

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  • Republicans are about to kill a bank that's been around for 80 years — at least for a little while

    06/24/2015 7:50:39 AM PDT · by SeekAndFind · 22 replies
    Business Insider ^ | 06/24/2015 | ERICA WERNER, ASSOCIATED PRESS
    Congressional Republicans are poised to deal a sharp blow to their traditional allies in the business community by allowing the federal Export-Import Bank to go out of business at the end of the month. But it may only be temporary. The 81-year-old bank is a little-known federal agency created during the Depression that makes and guarantees loans to help overseas buyers purchase US products, from airplanes to bridges to baby clothes. Over the past year it's also become a surprising test of GOP purity, as tea party-backed lawmakers and outside conservative groups have denounced the bank as crony capitalism and...
  • 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...
  • Catching Up With Valerie Jarrett

    04/03/2017 8:54:43 AM PDT · by PBRCat · 18 replies
    Chicago Sun Times ^ | April 3, 2017 | Lynn Sweet
    It’s now public on Monday: Jarrett, who has homes in Washington and Chicago, is working with the Chicago-based Obama Foundation in an advisory capacity. The foundation now has a branch office up and running in Washington — in the same building where former President Barack Obama has his official government post-presidential office. Jarrett, I am told from one of her advisers, “will work with President Obama and the foundation leadership, including Chairman Martin Nesbitt and Chief Executive Officer David Simas, to help support the foundation team’s work as it develops the Obama Presidential Center in Jackson Park on the South...
  • Judge orders Ohio village to pay back $3 million to lead-footed drivers

    02/13/2017 7:05:22 PM PST · by Kaslin · 67 replies
    Fox News.com ^ | February 13, 2017 | Brooke Singman
    Speed cameras became a cash cow for the small village of New Miami, Ohio. The town, with a population of about 2,200, collected over $3 million in revenue from heavy-footed motorists after it installed stand-alone speed cameras along one of its major throughways, US 127. The speed cameras in New Miami, which is less than one square mile, automatically fined motorists $95 if they drove faster than 50 miles per hour. It proved to be a lucrative venture for the village just 35 miles north of Cincinnati. Flush with cash, it raised its annual budget from roughly $1.5 million to...
  • Music Rights Orgs Hoping Trump Won’t Hold Hillary Donations Against Them

    11/25/2016 7:10:49 AM PST · by Kaslin · 21 replies
    Townhall.com ^ | November 25, 2016 | Brian McNicoll
    Donald Trump put fear in the hearts of the left before the election, but since then, his opponents have gone completely off the deep end. They’ve marched through the streets. They’ve destroyed property. They’ve beaten Trump supporters and lashed out at his vice president after he attended a Broadway play. They fear – correctly, it seems, judging from the appointments and other decrees emanating from Trump Tower – that, unlike the current occupant, Trump looks at the presidency as something to do, not something to be. He’s not thinking about having Jay-Z and Beyonce at the White House or which...
  • Cronyism in Space?

    11/24/2016 8:14:53 AM PST · by Sean_Anthony · 3 replies
    Canada Free Press ^ | 11/24/16 | Megan Barth
    Make no mistake and don’t be fooled by her rhetoric, Garver is a committed liberal who will bring NASA towards cronyism and liberal policies. “One small step for man, one giant leap for mankind” was the phrase that defined a historic event—a global, scientific breakthrough which defined American ingenuity and exceptionalism. A generation of innovators, explorers, and scientists were inspired by this new world which had opened because of the ingenuity and talent responsible for completing NASA’s core mission: deep space exploration, aeronautics and science. However, deep space exploration of this new world has not been fully funded by the...
  • Socialists and their routine famines [aw!m vanity]

    10/29/2016 12:07:08 PM PDT · by Arthur Wildfire! March · 20 replies
    Communism, socialism, progessivism -- it's really just 'cronyism'. And so is Keynesian economics -- just the same trick with a different name. Famines are the most brutal kind of math and nearly impossible to hide. And the mathematics of famines proves something time and again: If you don't have a merit-based economy then your natural resources rarely mean anything. If you don't know about the Pilgrims' communism-induced famine just tune into Rush Limbaugh before Thanksgiving. Venezuela is the most recent example. Up until very recently its farms were privately owned. Not anymore. Recent headlines [*a*] 1. Venezuela Is Collapsing and...
  • 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...
  • The Clinton Foundation’s Global Bribery and Crony Access Scam (national disgrace)

    10/21/2016 4:49:01 PM PDT · by Beautiful_Gracious_Skies · 11 replies
    The Observer.com ^ | August 25, 2016 | Austin Bay
    Hillary’s hybrid ‘Clinton State-Foundation’ is a national disgrace Democratic presidential nominee Hillary Clinton. “Whoever you are, I have always depended on the kindness of strangers,” says the frequently delusional Blanche Dubois near the bitter end of Tennessee Williams’ Pulitzer Prize-winning play A Streetcar Named Desire. Ah yes, kind strangers. It’s a playwright’s loaded line. Put bluntly, Miss Blanche may practice intermittent prostitution. According to rumors, before her New Orleans travails, Blanche lost her Mississippi hotel digs because her scandalous associations with menfolk tarnished the joint’s reputation. This naughty gossip, Blanche’s louche behavior, her iffy relationship with what we might call...
  • Clinton sought Pentagon, State Department contracts for Chelsea's friend

    10/20/2016 9:03:28 AM PDT · by Beautiful_Gracious_Skies · 11 replies
    Fox News / The Washington Free Beacon ^ | October 6, 2016 | Bill Gertz
    Former Secretary of State Hillary Clinton sought to arrange Pentagon and State Department consulting contracts for her daughter’s friend, prompting concerns of federal ethics rules violations. Clinton in 2009 arranged meetings between Jacqueline Newmyer Deal, a friend of Chelsea Clinton and head of the defense consulting group Long Term Strategy Group, with Pentagon officials that involved contracting discussions, according to emails from Clinton’s private server made public recently by the State Department. Clinton also tried to help Deal win a contract for consulting work with the State Department’s director of policy planning, according to the emails. Deal is a close...
  • Financial Industry May Control Retirement Savings In A Clinton Administration

    10/20/2016 5:15:24 AM PDT · by randita · 19 replies
    International Business Times ^ | 10/19/16 | BY DAVID SIROTA AND AVI ASHER-SCHAPIRO
    illary Clinton And Wall Street: Financial Industry May Control Retirement Savings In A Clinton Administration BY DAVID SIROTA @DAVIDSIROTA AND AVI ASHER-SCHAPIRO ON 10/19/16 AT 12:50 AM Blackstone's Tony James: America's Not Great at Saving While Hillary Clinton has spent the presidential campaign saying as little as possible about her ties to Wall Street, the executive who some observers say could be her Treasury Secretary has been openly promoting a plan to give financial firms control of hundreds of billions of dollars in retirement savings. The executive is Tony James, president of the Blackstone Group. The investment colossus is most...
  • Moody's and Buffett and Hillary’s Tax Plan

    10/13/2016 8:10:21 AM PDT · by ChessExpert · 3 replies
    American Thinker ^ | October 13, 2016 | Jack Hellner
    Economists from Moody’s Analytics write articles saying that Hillary’s economic policies are better for the economy than Trump’s policies. These articles come can come from Mark Zandi, Don White or in this case, Jeff Benjamin. Whenever any article comes from Moody's analytics a footnote should show that a major shareholder of Moody's is Warren Buffett who campaigns for Hillary. The image they project is that Moody's is an objective, independent source. Zandi is always trotted out as the independent economist whenever Obama or Hillary need an economist to support their policies.
  • What’s Scary, Scarier, and Scariest about Hillary

    10/05/2016 8:22:16 AM PDT · by MtnClimber · 20 replies
    American Thinker ^ | 4 Oct, 2016 | Richard F. Miniter
    It’s not good to get into personal appearances especially when, like me, you live in a glass house. But I believe what Brit Hume was hinting at in regard to Hillary’s appearance the other night was that she was so made up and rigidly coiffed she could have been prepared for the debate by Don Corleone’s undertaker Amerigo. Scary, like one of those creepy clown dolls which move from the couch to the chair when the lights go off is scary. But scarier is her pledge to create five million new jobs. Because she doesn’t mean what it sounds like...
  • Michigan and Ontario Governments Agree to Promote Crony Capitalism Together

    09/08/2016 1:55:32 PM PDT · by MichCapCon · 5 replies
    Michigan Capitol Confidential ^ | 9/5/2016 | Michael LaFaive
    At an event held in northern Michigan on Aug. 4, Gov. Rick Snyder announced that he and Ontario Premier Kathleen Wynne would sign a memorandum of understanding to cooperate in promoting the automotive industries of Michigan and Ontario. This type of selective government meddling in the economy is a bad idea and should be avoided. It effectively amounts to crony capitalism, which Oxford Dictionaries defines as an “economic system characterized by close, mutually advantageous relationships between business leaders and government officials.” Crony capitalism has been justifiably denounced by a diverse array of scholars, associations and politicians. These cozy relationships are...
  • The EpiPen Scandal Is Worse Than You Think: What You’re Not Being Told

    08/27/2016 11:45:21 AM PDT · by amorphous · 40 replies
    The Antimedia ^ | 26 August 2016 | Alice Salles
    Presidential hopeful Hillary Clinton urged Mylan to voluntarily slash the prices of its products while promising that, once she’s elected, her “plan to address exorbitant drug price hikes like these” will be finally implemented. This is a particularly empty promise considering Mylan has donated between $100,000 and $250,000 to the Clinton Foundation, which was recently revealed to be peddling influence in exchange for cash. Senators Susan Collins (R-ME) and Claire McCaskill (D-MO) are also pressuring the manufacturer to disclose more about its pricing. Even Senator Joe Manchin (D-WV) — whose own daughter, Heather Bresch, serves as Mylan’s CEO — weighed...
  • Hillary Clinton Will Be Good for Business, Predicts Chamber of Commerce Lobbyist

    07/30/2016 4:49:04 PM PDT · by Lorianne · 32 replies
    Intercept, the ^ | 29 July 2016 | Alex Emmons
    Although the Chamber may present itself as the champion of small businesses, it essentially functions as a money laundry for the world’s largest multi-national corporations, who want to keep their political activity at arm’s length. The Chamber’s $85 million lobbying budget in 2015 dwarfs all others in D.C., and that doesn’t include the over $35 million it spent on political ads in both the 2012 and 2014 election cycles. That money has almost always gone directly into supporting Republicans and trying to unseat Democrats. In an interview with The Intercept after her remarks Thursday night, Lim said she could not...
  • Why a bill about catfish will show whether Ryan's serious about regulatory reform

    07/24/2016 3:44:32 PM PDT · by Tolerance Sucks Rocks · 6 replies
    The Hill ^ | July 22, 2016 | Neil Siefring
    House Speaker Paul Ryan (R-Wis.) convened a needed Task Force on Reducing Regulatory Burdens as part of his legislative agenda, "A Better Way." The Speaker and his colleagues who worked on the task force have rightly identified the massive regulatory burden imposed by federal bureaucrats as an obstacle to economic growth and a distortion of our constitutional form of government. That is why it is baffling that Ryan has failed to bring regulatory reform legislation that recently passed the Senate to the floor of the House for a vote. The tale is one of catfish and courage. The catfish you...
  • Catfish, the Other Cronyism Meat?

    06/30/2016 8:44:18 AM PDT · by Kaslin · 43 replies
    Townhall.com ^ | June 30, 2016 | Veronique de Rugy
    Cronyism is the ugly marriage between special interest groups and politicians, which results in an abuse of the government's power to grant special privileges to a few winners -- for example, unfairly preventing competition or doling out subsidies and bailouts at the expense of taxpayers. Though cronyism is always outrageous, the way cronies go about achieving their goals is sometimes oddly funny. Case in point: the government's changing the definition of catfish to classify the fish as -- wait for it -- meat, not seafood. As Patrick Mustain reports in Scientific American, Sen. Thad Cochran, R-Miss., included an amendment in...
  • Diablo Canyon Closure Has a Crony Problem

    06/28/2016 11:53:53 AM PDT · by Sean_Anthony · 9 replies
    Canada Free Press ^ | 06/28/16 | Katy Grimes & Tom Tanton
    Cronyism in Energy Production “Diablo Canyon produces twice as much power as all of California’s solar panels, 24 percent more than all of its wind, and 40 times more than its largest solar farm. Also, Diablo Canyon provides power to 3 million Californians on a patch of land the size of three football fields. Achieving the equivalent from a solar farm would require 145 times more land; from wind, 500 times more.”—Michael Shellenberger, Breakthrough Institute co-founder, and Peter Raven, former Missouri Botanical Gardens head The announcement last week from PG&E that it was closing Diablo Canyon Nuclear Power Plant, rudely...
  • Atlas’ Thugs: Profit-Seeking Has Become Rent-Seeking

    06/07/2016 11:49:18 AM PDT · by Kaslin · 15 replies
    Townhall.com ^ | June 6, 2016 | Mytheos Holt
    Last month, news came down the pike from the Harvard Business Review that should bring despair to the hearts of any honest defender of capitalism. As reported by American Enterprise Institute (AEI) blogger James Pethokoukis, the Harvard story, authored by Boston University economist James Bessen, found that growing corporate profitability is increasingly coming from investments not in benevolent, market-friendly costs such as research and development, but rather in augmented lobbying to shut out competition. In short, it is now more profitable to use Washington to stop people from building something new than to actually build it yourself.If a more devastating...