Taxpayers bailed out GE Financial in 2008, Now GE is selling off GE Financial, No “Thank You” to taxpayers

GE Government connection

GE got caught with it’s pants down. It over leveraged itself like much of Wall Street before the 2008 Crash and then begged Hank Paulson in Bush’s Treasury to save the company from its bad bets. Which Paulson did – or rather WE did. Now, fully indemnified and then some, GE is getting rid of it’s financial division. Exiting the scene free and clear. No problem. No pain. Everything’s fine. No Thank You to the taxpayers.

Read More

Crony extraordinaire Al Sharpton says federal government should take over policing

Sharpton c                                             c

If you want to undermine the very spirit of this country a national police force would do it. Such a thing is anathema to the core principals of the United States republic. Such a force would be dangerous in the extreme. It would be a move toward real totalitarianism. Not “totalitarianism.” But ugly, soul crushing, totalitarianism.

Read More

Christie’s New Jersey, Cuomo’s New York, and the black hole of cronyism and bureaucracy right in the middle

GW Bridge cc

Today Chris Christie’s deputy chief of staff pleaded guilty to conspiracy in the in the “Bridgegate” affair, where lanes on the George Washington Bridge were closed to punish the Mayor of Fort Lee for not supporting Christie in the most recent gubernatorial election. It’s another blow to the New Jersey governor’s presidential bid.

But as Bloomberg reports, “Bridgegate” is merely a symptom of a port authority system which is rife with inside dealing, corruption, power plays, and mindless bureaucracy. New York’s harbor is a vortex big city nastiness.

Read More

“Recovering computer science major” Congressman says to DHS, NSA, on encryption, “Just follow the damn Constitution.”

4th Amendment cc cc

I don’t know Congressman Ted Lieu (D-CA), but on this subject at least he sounds like a pretty sharp guy.

We have locks on the doors of our houses to keep people – including on occasion the police (depending on the neighborhood I suppose) – out. We as free people have every right to encrypt our “papers and effects.” If the police want at the information they should have to at the very least get a warrant. They certainly shouldn’t have a skeleton key to every digital device which they can use whenever they want.

Read More

The known and unknown of the Ex-Im Bank

Boeing Business Jet Family K63803

For crying into our pillows, kill this crony program. It is entirely in the hands of congressional Republicans who are supposed to be for smaller government. This one should be easy.

But it’s not easy because the big companies want their welfare. They want the American taxpayer to subsidize their loans, because, well, because they deserve it. And many supposedly conservative Republicans don’t want to upset their corporate sponsors.

Read More

Baltimore Protesters Tried To Light This Pizza Shop Owner on Fire (Now he’s getting a gun.)

Photo: Screenshot from IJReview video

Photo: Screenshot from IJReview video

To the degree that we should have government it should be to protect people and property from acts of aggression. In Baltimore we saw the big government machine break down in a profound way. We shouldn’t be surprised when people act to defend themselves in the face of such government incompetence. Indeed, that is a big part of what the 2nd Ammendment is about.

Good luck to this guy.

Read More

Stunning: Jeh Johnson the DHS Secretary doesn’t appear (seriously) to understand the 4th Amendment? (Video)

Jeh Johnson cc

This is an odd video. Jeh Johnson is testifying before the Senate and he looks like he’s really not ready for prime time. I’m not saying that he is being a typical bureaucrat hiding behind legalese and talking in circles as is typical in these situations. I’m saying that the video is difficult to watch without cringing because Jeh Johnson does not appear to have a full grasp of the subject matter on which he is testifying. And he is the head of the Department of Homeland Security.

Given the amount of power at the fellow’s fingertips this should concern all of us.

Read More

What does Diane Feinstein want to ban now? More guns? Nope. Homemade soap.

Fight club soap cc

This is how it’s done folks. Regulate your competition away. Enjoy fattened bottom lines courtesy of your sponsored politicians in Washington.

Of course consumers have fewer choices, overall quality is likely diminished, entrepreneurs go out of business, and employees lose jobs. But hey, it’s a crony world. You actually thought you’d get a fair shot? Ha! You’ve got a lot to learn my soap making friend.

Read More

US Chamber says Don’t Touch Our Corporate Welfare! Ranks Harry Reid better than free market friendly Jeff Sessions

chamber-of-commerce_logo cc

The US Chamber of Commerce loudly proclaims that it operates in the “spirit of free enterprise.” Sadly that is not true.

The Chamber is beginning to show its true colors as a truly anti-crony lobby gains strength in Washington and in the country generally. Some of the enemies of crony capitalism are Republicans. One such Republican is Congressman Jeff Sessions, who wants to end the Export-Import Bank, “Boeing’s Bank.” This annoys the Chamber which wants to make sure that taxpayers continue to subsidize loans for its client(s).

The supposed champion of “the spirit of free enterprise” even ranked Harry Reid, Harry Reid, ahead of Congressman Sessions (someone who appears to actually believe in the spirit of free enterprise) on its scorecard.

Big political shifts are happening.

Read More

Urban America is a disaster because of decades of big, crony infested government

Baltimore_riot_police cc

In the attached article Kevin D. Williamson associates functionality and competence a little too closely with Republicans. Saying this his analysis otherwise is right on.

What we saw in Baltimore this week is a symptom of big government urban politics. Why are places like Detroit, much of Chicago, St. Louis, Philly, still large parts of New York, Atlanta, Richmond, a good part of Washington DC, and dozens more cities so poor and so dysfunctional? Largely (but not solely), because in these places the reality of the marketplace is not embraced. (At least not the legal marketplace.)

Why do businesses leave these cities? For many reasons. But a big part is because taxes are too high in major cities, almost across the board. Or perhaps like Seattle the minimum wage is being pushed up to levels which are divorced from reality, which also acts as a tax. There is a reason some cities feel like skeletons, because the business community long ago was picked clean. Urban America killed the goose that laid the golden tax base egg. Now it wonders why all the jobs are gone.

Read More