Nick Sorrentino

About Nick Sorrentino

Nick Sorrentino is the co-founder and editor of AgainstCronyCapitalism.org. A political and communications consultant whose clients have spanned the political spectrum, his work has been featured at Chief Executive MagazineBreitbartReason.com, NPR.com, Townhall, The Daily Caller, and many other publications. He has spoken at CPAC, The Commit Forum, The Atlas Summit, and at many other venues. Sorrentino is the CEO of Exelorix Consultants and a senior fellow at Future 500. A graduate of Mary Washington College he lives just outside of Washington DC where he can keep an eye on Leviathan.

People over 50 carrying much more debt than in the past, this could be dangerous

I certainly see it where I live. Across the street from me are homes which are in the $500k-$1 million range (my neighborhood is nice but more modest) and it is filled with retirees, most of whom built their homes in the period after the 2008 Crash. These were the folks who had money during those particularly lean times. The only people who could get a mortgage. Indeed at least some of these people probably paid cash for their homes.

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Crony Media: Debate moderator Woodruff, Fox News parent company gave to Clinton Foundation, A list of media people/groups who have given

So as we have just learned, Judy Woodruff, PBS anchor and recent Democratic debate moderator gave to the Clinton Foundation, something which in our opinion should have disqualified her for the moderator job.

(From Breitbart)

Co-moderator Judy Woodruff happens to be a donor to the Clinton Foundation, and faced criticism from the PBS ombudsman in 2015 for giving to the Clintons.

Woodruff is one of several journalists who has contributed to the Clinton Foundation,

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A president who is truly out of touch: With the economy declining – possible worldwide recession, Obama wants huge new taxes on fuel

We like “green” energy. The water in my childhood home in the 80s was heated by solar panels. We like wind, and the rest. But we like it within the market.

Green energy can exist within the market despite what many people believe. In a world of 6 billion people and growing there is absolutely a market for cleaner energy sources. In many parts of the world solar particularly makes sense on micro levels. Lives can be made better with solar.

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Money is Fleeing the Ultimate Crony Capitalist State, China, and it is Destabilizing

“Even I keep my money in Switzerland these days.”

China is not such a good place to keep money medium to long term as it turns out. The wealthy in China are “deeply distrustful” of policy makers. As such many are getting out of China if they can. Beijing is concerned, probably panicking in light of all of the money which is flowing out of the country. And as China is in many respects a black box (perhaps a grey box) people with money can only assume that things are bad and so that compounds the Chinese “problem.”

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A chance for the right and left to come together on free market reforms

This is a deep flashback. I wrote this for my first website LibertyandEconomics.com, April 30, 2011 

The view from Monticello looking east.

What is a free market? It is the free exchange of goods or services without intervention from coercive elements. In a free market price signals can be found. Too much of something? The price goes down. To little? The price goes up. It’s a simple equation yet history has shown us that it is very difficult for humans to simply let the market work.

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Clinton says she’ll release Goldman speeches when others release their private speeches, Howard Dean attack Sanders’s union support?

“Labor unions are super PACs. Now they’re super PACs that we like, so Democrats don’t go after labor unions.” -Howard Dean

This is not a bad rhetorical tack as it is basically the only one Hillary has if she wants to continue to hide the transcripts. (By the way, there has got to be someone who recorded those speeches on their phone. Must be.)

And Howard Dean, Mr. Moveon.org, Mr. “Progressive” is attacking Bernie Sanders for his connections to unions?

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Chuck Todd asks Senator Ben Sasse: What is a conservative? (And are American “conservatives” really conservative?)

I have become a big fan of Senator Sasse. His definition of “conservative” is I think right on the money. Though I would say that the term “conservative” doesn’t really feel right to me these days. I would argue that what is today called conservative, very limited government, rule of law, generally an affirmation of The Enlightenment in many respects, is actually quite forward thinking and not retrograde as the term “conservative” implies. I don’t think most “conservatives” want to conserve the massive and intrusive state which this country has been saddled with since the Wilson administration.

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Goldman (Government) Sachs Says It May Be Forced to Fundamentally Question How Capitalism Is Working (Funny, Goldman doesn’t like capitalism anyway)

Goldman was President Obama’s number 1 private contributor in the 2008 election.

Goldman should be dead. Door knob. A chapter in American finance history, but a chapter about the past. It should no longer exist. It is not an example of American capitalism. It is crony capitalism at its worst. It is a bailout bank. It took from you because of its mistakes and “profited” with ill gotten funds. You kept Goldman Sachs alive. The government gave you no other choice.

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The war on cash continues, a dispatch from the German front

Central banks don’t like cash, particularly when they want to impose negative interest rates on a failing global economy. (If banks were to offer negative rates cash would provide a yield and as such few would put money in the bank. The central bankers are very afraid of this scenario because it takes control away from them.) Central governmental authorities don’t like cash either because they can’t track each and every transaction for tax purposes if people do business in cash.

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Unions, trial lawyers, government agencies, enviros, engage in crony capitalism too

Yesterday we covered an article in Newsweek where the author took issue with much of what he believed (and is) the hypocritical nature of some of the Republican candidates for president on the issue of crony capitalism. Marco Rubio and his embrace of sugar subsidies, an issue for which this website has taken him to task, was the prime example.

But the Newsweek piece was a clearly partisan one.

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Americans are increasingly aware of crony capitalism, and it is changing politics as we know it

Crony capitalism is a concept with which the typical informed American voter is now familiar. We are very proud of our contribution to this awakening and it is gratifying to see candidates of all stripes having to defend their current crony arrangements with donors, past crony deals, or alternatively to see them go on the attack against cronyism. That Cruz won the Iowa Caucuses despite an explicitly anti-ethanol subsidy stance is no small feat.

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Small Victory: DC decides to void 2800 parking tickets written during snow emergency

2 days ago we reported that Washington DC went on a parking ticket writing spree during the recent blizzard. The city took the storm as an opportunity to generate cash, over $1 million in fines. We argued that maybe instead of going nuts on the ticket writing front the District should have instead been more lenient if anything during a time when parking was severely restricted due to the piles and piles of snow.

We apparently weren’t the only ones who thought this and as such the city has voided many of the snow storm parking tickets.

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And another little bit of the college bubble pops, Penguin Publishing drops degree requirement

I think college has quite a lot of value for many people. It certainly was valuable for me. (In oh so many ways.) But college costs, driven by easy money from the government, have gotten out of hand. The value per dollar at many institutions is not as attractive as it once was. We now have a generation of middle class kids saddled by debt. They start life with what are essentially mortgages hanging around their necks, and they don’t even have a roof of their own to sleep under for the “mortgage.”

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Bernie Sanders calls Planned Parenthood “The Establishment,” Twitter erupts on #ImSoEstablishment

Planned Parenthood and its political allies do indeed represent a part of the Democratic Party “establishment.” A similar case can be made for the NRA on the Right. Both are old, very powerful, highly polarizing organizations which throw their weight around within the Democratic and Republican Parties respectively. There’s some parallel there. At least in terms of power.

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