Obama’s corporatist legacy

Carney lets Obama off too easy here. Not only does Obama leave a corporatist legacy, Obama is himself a corporatist, or more specifically and we’d say more accurately a crony capitalist. Obama used government both passively and actively to enrich his friends (and ultimately himself). The president also sought unceasingly to further entwine business and government so that crony fruit could be plucked by allies in the future. He gave away much to pharma and the health complex in Obamacare.

Read More

Here are the 52 public companies that make the most money from the federal government

Image: CNBC

This headline comes from CNBC and is misleading. These companies don’t “make the most money from the FEDERAL GOVERNMENT,” Taxpayers are making these companies rich, not the government. It’s not the government’s money. It’s yours. Too many people forget this.

Why are we going into massive debt, in part, to pad the bottom lines of these companies?

Read More

MIT study illustrates the insular nature of #OLDMEDIA journalists

As this data appears to show, much of the #oldmedia operates within an echo chamber. This of course is probably not news for most ACC readers. For many of us the echo chamber effect in the #oldmedia seems patently obvious. There have been dozens of stories we’ve touched on here over the years, of significant consequence, which were/are largely ignored by the #oldmedia. These stories are typically ones that are critical of the establishment, of which the #oldmedia, the #cronymedia are a part.

Read More

If you really want to know what Steve Bannon is all about (and why so many fear him) watch this VIDEO

This comes to us from The Future 500, my favorite progressivish Bay Area think tank, of which I am actually a senior fellow (if you can believe it). In the attached video I am moderating a panel at The National Press Club in Washington on “The Future of Conservatism.” Steve Bannon is on the panel. Below Future 500 has isolated Bannon’s thoughts from that afternoon and they are illuminating.

The former editor of Breitbart is a fighter. A fighter who tends to win.

Read More

Trump wants to eliminate two old regulations for every new one created, Did Canada inspire this policy idea?

According to Trump’s 7 point plan for the first 100 days he wants to institute a requirement that;

“for every new federal regulation, two existing regulations must be eliminated.”

In Canada they did something similar recently (though it was only one regulation removed for each one created) and a few months ago ACC argued that we should try a similar tack in the USA. ACC would have been happy with a 1 for 1,

Read More

Economic Doctors Have Misdiagnosed the Economy

Boy is that ever true.

Many people have only just now begun to get “above water” on their homes. Many still aren’t. Many people are still under employed. Many more people are working multiple jobs – people who once were solidly in the middle class with one job. Many people haven’t gotten back to anything like pre-Crash life. There is still a long way to go until this country is back to where it should be economically.

Clinton downplayed this economic uncertainty.

Read More

Top tax-writing Republican says TPP trade deal not dead in Congress

This is one people need to watch closely. The Trans Pacific Partnership was a deal done in secret that represents managed trade, that is trade for large vested interests, not “free trade.” One does not need an agreement for free trade. Just let companies trade with one another across borders. Simple. (We are very much for real free trade.)

No, Hollywood, Pharma, many other interests want a trade framework which they can control and that is what the TPP appears to be.

Read More

Feigning Reform, Dems Recoup With George Soros and Wealthy Donors

This picture just says so much.

Some legitimately good advice for Democrats looking to the future. The Dems right now are the party of corporatism (though there’s plenty in the GOP too of course). The Clintons are a big reason why this is. The Democratic Party has a chance to clean house a bit here. Trump may have actually done the Democrats a favor.

Read More