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Tag Archives: banks

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

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.

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Hillary’s Wall Street backers: We know she has to placate the serfs with populist rhetoric

Everyone on Wall Street knows that Hillary is there for them. Sure she’s going to talk a good lefty-populist game but everyone knows that it’s bull. It’s part of the game. Tell the “politically unsophisticated” whatever they want to hear. People will forget. They always do. Accountability? Shoot this is 2015, post bailout. Accountability is for suckers.

Having a hard time making your car payment? Oh I understand. I eat at Chipotle too. Late on rent? CEOs make too much money!

Just say whatever. The American people are too “politically unsophisticated” to realize they’re being played. Ready for Hillary!

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Emails between Ex-Im Bank and Boeing: WSJ says, “They reveal an extraordinary level of coordination between public officials and corporate executives.”

Isn’t it nice when giant corporations (such as Boeing) and government agencies (such as the Import-Export Bank of the United States) come together to figure out how best to jack the American taxpayer? It just makes one feel all warm and fuzzy inside. At least SOMETHING is working in Washington DC. Thank goodness.

Kill the Ex-Im Bank. We’re supposed to have free markets in this country. We definitely shouldn’t have government executives and corporate executives cuddling up with one another. We’re not France.

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New Poll: Obama Aids Rich, Not Middle Class

One doesn’t need a poll to see this. During the Obama presidency the rich have done quite well. The so called “underclass” has been largely placated. (Obama got rid of Clinton era “workfare” for instance making welfare a “life choice” again.) But the middle class, the core of America, has been hurt. There is simply no denying it. (I mean one can, but one would be wrong.)

It’s not entirely Obama’s fault. He is only a part of the puzzle, if a big part.The Federal Reserve has fundamentally undermined the economy. It has rewarded those who already had assets before the 2008 Crash with an inflated stock market. Those without assets, or those whose only “asset” is their home? Well, too bad so sad.

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Fed’s Regional Banks Are ‘Unconstitutional,’ Brookings Paper Says

What is of particular note is that this paper comes from a Brookings Institution scholar. Brookings is generally liberal in its disposition.

I am not keen on the prescription. Notice that the author comes short of calling the Fed itself unconstitutional. But at least there is some criticism of the Fed coming from the lefty camp. The excuses for the Fed have gotten embarrassing of late.

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