The Banking industry, the Medical Insurance Industry and the Oil and Gas Industry are three of the most strictly Federally regulated industries in the USA.
When the FHA, Freddie Mac and Fannie May went bankrupt in September, 2008, the sorry US Federal Government did nothing to these sorry Federal-linked agencies, they simply blamed “THE BIG BAD BANKS.”
Medical Insurance competition was destroyed by the Obama Socialized Health Insurance Tax (OSHIT).
If Cronyism has existed in these various industries, then where are the results from the many Federal Investigations?
Cronyism is an anti-Capitalist word used when there is not evidence of cronyism.
It is a double-think word that the Leftstream Media uses to con low information voters.
Commie Obama refused to allow a 50 foot long ditch into North Dakota for the XL Pipeline, but did allow buddy Warren Buffet’s Trains to haul North Dakota Oil to Chicago.
In 2009 Commie Obama knew that 40 % of US electricity came from utilizing heat energy stored in Coal and Lignite (soft coal).
Thus, destruction of the Coal and Lignite Industry would “force” the damn US Federal Government to Nationalize the Electrical Grids that would fall into chaos when the Coal Industry was banned from providing Electricity.
Obama’s Commies even had a slogan for it: “Never let a crisis go to waste.”
To the non-gullible that slogan really is stated as follows: “Waste creates a crisis that only Commie Big Government can manage, and we will NEVER let go.”
Obamacare is an excellent example of this method of Communist Nationalization.