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Keyword: cronysocialism

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  • Obama is Not a Socialist

    06/02/2014 7:13:20 AM PDT · by rktman · 61 replies
    capitalismmagazine.com ^ | 5/31/2014 | Thomas Sowell
    What President Obama has been pushing for, and moving toward, is more insidious: government control of the economy, while leaving ownership in private hands. That way, politicians get to call the shots but, when their bright ideas lead to disaster, they can always blame those who own businesses in the private sector.
  • Questions Raised About Senator Reid’s Connection to Bundy Ranch Dispute

    04/14/2014 11:50:45 PM PDT · by Jim Robinson · 33 replies
    NewAmerican ^ | April 14, 2014 | Written by Warren Mass
    The standoff between Nevada rancher Cliven Bundy and the federal Bureau of Land Management (BLM) deescalated on April 12, when the bureau announced that it will stop its operation to confiscate Bundy’s cattle.But another aspect to this ongoing story is jumping: The blogosphere is alive with allegations that Senator Harry Reid (pictured), and his son, Rory, have motivations of their own for wanting Bundy’s cattle off the disputed lands.Though the major media announced that a “deal” had been reached between Bundy and the BLM, Bundy explained what transpired differently in an interview with KLAS TV in Las Vegas: “There is...
  • Obamacare Pushing Puerto Rico Further Into Social Welfare State, Doctors Warn

    12/14/2013 11:08:00 AM PST · by oblomov · 25 replies
    Fox News LAtino ^ | 13 Dec 2013 | Bryan Llenas
    People in the U.S. territory of Puerto Rico may not be grappling with the botched Obamacare website rollout, but the program could spell disaster for the island, which is facing a financial crisis and where half the population already is dependent on free health insurance, members of the island's medical community warned. Puerto Ricans, who are born U.S. citizens, do not enroll on the healthcare.gov because their government decided not to offer health-insurance exchanges, which offers private plans. Instead, the Affordable Care Act, commonly dubbed Obamacare, has mostly arrived on the island in the form of a $6.3 billion social...
  • What If No Doctor Will See You?

    12/14/2013 5:56:58 AM PST · by Kaslin · 79 replies
    Townhall.com ^ | December 14, 2013 | John C. Goodman
    At this point we have no idea how many people will become newly insured under ObamaCare. For the first year out, the number of people with insurance may actually go down! But the administration's goal is to insure an additional 30 million people and eventually a lot of those people will acquire health plans. When they do, the economic studies predict that they will try to double their use of the health care system. Adding to this increased demand will be new mandated benefits. The administration never seems to tire of reminding seniors that they are entitled to a...
  • Government Takeover: White House Forces Obamacare Insurers To Cover Unpaid Patients At A Loss

    12/14/2013 6:42:25 AM PST · by bigcat32 · 87 replies
    Forbes ^ | 12/14/13 | Avik Roy
    Of all of the last-minute delays, website bungles, and Presidential whims that have marred the roll-out of Obamacare’s subsidized insurance exchanges, what happened on Thursday, December 12 will stand as one of the most lawless acts yet committed by this administration.
  • 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.
  • 14,000 Idle Wind Turbines a Testament to Failed Energy Policies

    04/12/2013 8:32:43 AM PDT · by EXCH54FE · 52 replies
    The New American ^ | Apr. 11, 2013 | Bob Adelmann
    When Element Power announced on April 10 the closing of a deal to build wind turbines for Blackrock in Ireland, nothing was said about the more than 14,000 other wind turbines lying idle around the world. Nothing was said about Element’s recent termination of another deal to build 40 wind turbines over 4,000 acres on top of Black Lava Butte and Flat Top Mesa in California, citing in its “request to relinquish” that there were “insufficient wind resources” to make that project viable. Those 14,000 wind turbines lying idle in California’s Altamont Pass, Tehachapin, and San Gorgonio areas and elsewhere...
  • Why it's become clear that Obama's White House is open to the rich and closed to the poor

    03/16/2013 11:44:27 PM PDT · by Innovative · 15 replies
    UK Telegraph ^ | March 16, 2013 | Mark McKinnon
    Since last weekend, Mr and Mrs Regular Citizen have been denied the access people used to be granted to tour the White House, purportedly because of the clampdown on federal spending since the "sequester" that imposed cuts across the board. And their cancellation is an austerity measure that saves a pittance, while more frivolous taxpayer funding for items like the White House dog walker continues. Meanwhile, noble Americans can buy time with the president for a suggested donation of $500,000 to his new campaign group, Organising for Action.
  • Tesla will need more loans to stay afloat in 2013

    12/20/2012 9:57:17 AM PST · by george76 · 14 replies
    MarketWatch ^ | Dec. 20, 2012 | John Shinal
    It’s a lucky thing for Tesla Motors shareholders that the U.S. Department of Energy loves the company’s loan applications. Without the hundreds of millions of dollars has received from the federal government this year, the electric-car maker’s financials would be gasping for air as 2012 winds down. Given the ugly state of Tesla’s finances — and the company’s sky-high valuation: almost $4 billion — it will rank among the top candidates in Silicon Valley for a 2013 stock collapse, unless it receives significantly more cash next year. The Palo Alto, Calif., company’s financials are, in fact, in worse shape even...
  • Our Government-Created Financial Crisis (Walter Williams)

    12/10/2012 10:40:44 AM PST · by jazusamo · 18 replies
    Creators Syndicate ^ | December 12, 2012 | Walter E. Williams
    Suppose you saw a building on fire. Would you seek counsel from the arsonist who set it ablaze for advice on how to put it out? You say, "Williams, you'd have to be a lunatic to do that!" But that's precisely what we've done: turned to the people who created our fiscal crisis to fix it. I have never read a better account of our doing just that than in John A. Allison's new book, "The Financial Crisis and the Free Market Cure." Allison is the former CEO of Branch Banking and Trust, the nation's 10th largest bank. He assembles...
  • How Corruption Is Strangling U.S. Innovation

    12/07/2012 12:30:53 PM PST · by AZLiberty · 10 replies
    HBR Blogs ^ | December 7, 2012 | James Allworth
    If there's been one topic that has entirely dominated the post-election landscape, it's the fiscal cliff. Will taxes be raised? Which programs will be cut? Who will blink first in negotiations? For all the talk of the fiscal cliff, however, I believe the US is facing a much more serious problem, one that has simply not been talked about at all: corruption. But this isn't the overt, "bartering of government favors in return for private kickbacks" corruption. Instead, this type of corruption has actually been legalized. And it is strangling both US competitiveness, and the ability for US firms to...
  • Barack Obama: Crony Capitalist in Chief? Part 2

    07/22/2012 9:33:35 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | July 22, 2012 | Political Calculations
    In mid-2008, General Motors was a failing company. Unable to unload their product line of gas guzzlers, the wrong cars and trucks to be trying to sell at a time of record high gasoline prices, the company's high union-driven high labor costs were combined with the extremely high pension and health care costs it had awarded its unions in better times, the company was quickly heading for bankruptcy and quite possibly for liquidation. In that environment, GM decided to bet big on a new mass market production car, one that could deliver 50 miles per gallon - more than double...
  • Mitt Romney Had Ethics Problems as Governor?

    02/06/2012 8:14:10 PM PST · by Nachum · 9 replies
    MarkAmerica.com ^ | 2/6/12 | Mark
    This is the first I’ve heard of this, but if true, it’s troubling because it’s one more reason that experience in business really doesn’t translate to governance. Right Across the Atlantic is reporting that Romney went on a trip while governing Massachusetts, paid by Pfizer, the pharmaceutical giant, that ultimately looked like a sort of crony capitalism deal, but Romney side-stepped it by going on vacation so that his Lt. Governor would sign the bill, relieving him of any ethics investigation worries. In fact, the whole manner of the episode is troubling, and you should check out the article in...
  • Gingrich Decries 'Backdoor Socialism'

    01/12/2012 4:31:45 PM PST · by VinL · 111 replies · 1+ views
    Fox ^ | 1-12-12 | LYN
    Gingrich returned to the stump Thursday with a heavy dose of populism and defended himself against charges of being anti-capitalist and anti-free enterprise. "I think when you have crony capitalism of politicians taking care of their friends, that's not free enterprise, that's just backdoor socialism in which the rich get all the money and the rest of us get left, get left with all the debt," Gingrich told an audience of senior citizens gathered at the state fair grounds for a convention. Gingrich said he's been "amazed" by the intensity of critics who he said are attacking him for questioning...
  • 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...
  • Obama Fundraisers Tied to Green Firms That Got Federal Cash (Follow the money)

    09/29/2011 3:56:20 PM PDT · by tobyhill · 8 replies
    abc ^ | 9/29/2011 | MATTHEW MOSK and RONNIE GREENE
    Several of Barack Obama's top campaign supporters went from soliciting political contributions to working from within the Energy Department as it showered billions in taxpayer-backed stimulus money on alternative energy firms, ABC News and iWatch News have learned. One of them was Steven J. Spinner, a high-tech consultant and energy investor who raised at least $500,000 for the candidate. He became one of Energy Secretary Steven Chu's key loan program advisors while his wife's law firm represented a number of companies that had applied for loans. Recovery Act records show Allison Spinner's law firm, Wilson Sonsini Goodrich & Rosati, received...
  • Crony Socialism: Obama Gives $737 Million to Solar Firm Linked to the Pelosi Clan

    09/28/2011 11:45:49 AM PDT · by Nachum · 34 replies · 1+ views
    Gateway Pundit ^ | 9/28/11 | Jim Hoft
    It’s as if Solyndra never happened. The Obama Administration is giving $737 million to a Tonopah Solar, a subsidiary of California-based SolarReserve. PCG is an investment partner with SolarReserve. Nancy Pelosi’s brother-in-law happens to be the number two man at PCG. Team Obama is spending $737 million to create 45 permanent jobs. The Hill reported, via Free Republic: The Energy Department announced Wednesday that is has finalized a $737 million loan guarantee for a Nevada solar project. The decision comes several weeks after a California-based solar manufacturer that received a $535 million loan guarantee from the Obama administration in 2009...
  • $737 million in green-tech loan to company connected to Pelosi family?

    09/29/2011 6:27:55 AM PDT · by Shery · 12 replies
    Hot Air ^ | 9/28/2011 | Ed Morrisey
    As Tina wrote yesterday, Americans still favor government subsidies to companies unable to otherwise compete in the green-tech industry. That may be especially true of Nancy Pelosi and her family, but not exactly for reasons of environmental improvement. Let’s start with this report from The Hill, via Gateway Pundit and Instapundit, on the latest approved green-tech loan from the Department of Energy: DOE announced a $737 million loan guarantee to help finance construction of the Crescent Dunes Solar Energy Project, a 110-megawatt solar-power-generating facility in Nye County, Nev. The project is sponsored by Tonopah Solar, a subsidiary of California-based SolarReserve....
  • Energy Department approves $737 million solar loan guarantee

    09/28/2011 9:40:09 AM PDT · by maggief · 33 replies · 2+ views
    The Hill ^ | September 28, 2011 | Andrew Restuccia
    The Energy Department announced Wednesday that is has finalized a $737 million loan guarantee for a Nevada solar project. The decision comes several weeks after a California-based solar manufacturer that received a $535 million loan guarantee from the Obama administration in 2009 filed for bankruptcy and laid off 1,100 workers, setting off a firestorm in Washington. The $737 million loan guarantee will help finance construction of the Crescent Dunes Solar Energy Project, a 110-megawatt solar-power-generating facility in Nye County, Nev. The project is sponsored by Tonopah Solar, a subsidiary of California-based SolarReserve. Crescent Dunes is the latest solar project to...
  • Thanks for Small Favors, President Obama

    03/10/2011 3:14:53 AM PST · by Scanian · 4 replies
    The American Thinker ^ | March 10, 2011 | Jeffrey Folks
    On Feb. 28, just after Interior Secretary Salazar declared that he was not satisfied with Gulf drilling safety standards, President Obama's drilling czar, Michael Bromwich, announced that a permit had been approved to resume deep-water drilling 70 miles off the Louisiana coast. Not a new permit, mind you, but one for a project that had already begun drilling before the Deepwater Horizon accident in April 2010. In the months ahead, Bromwich hinted, there might be more approvals, even approval for a new deep-water well. Maybe so, maybe not. That's the way it works with crony socialism. Just to show how...
  • Dow Repeats Great Depression Pattern: Charts

    07/05/2010 10:23:53 AM PDT · by advance_copy · 29 replies
    CNBC ^ | 7/5/2010
    <p>The Dow Jones Industrial Average is repeating a pattern that appeared just before markets fell during the Great Depression, Daryl Guppy, CEO at Guppytraders.com, told CNBC Monday.</p>
  • Good News From Venezuela

    01/29/2008 1:33:54 PM PST · by Wyatt K · 17 replies · 43+ views
    Power Line ^ | Falcoff | Mark
    The long term prospects of Chavez's "revolutionary" state in Venezuela are not good. A long report in the Spanish edition of today's Miami Herald lays it out. Since the same story does not appear in the English edition I thought I'd offer at least a summary of this important article. Everyone knows that Chavez's "revolution"--his popularity with the poor of Venezuela and his influence in the region--is entirely mortgaged to the price of oil. But few realize that it is even more dependent on the efficiency (or lack of it) of his state oil company, which goes by the acronymn...