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Tag Archives: contributions

Hillary is the corporate candidate, Twenty-nine of the 30 Dow Jones Industrial Average index companies have given money to her

Bush was a corporatist. There is no doubt about that. Obama is a corporatist as we have documented over and over and over. But Hilary Clinton is taking things to a new level. She is tight with the banks, pharma, defense, you name it. She watched Glass-Steagall twitch and die at her husband’s hand from the guilded confines of the White House. She is a crony capitalist through and through.

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Banks’ Lobbyists “Help” in Drafting Financial Bills

 

Who writes the laws? The lobbyists.This isn’t completely true, but it is true to a very large extent as this article explains.

The thicker the law, the more opaque the legislation, the more opportunities there are to make money. There’s a reason Obamacare is a stack of papers taller than a man, same for Dodd-Frank. Both laws deal with impossibly complex areas of the economy best left to market mechanisms. To a very large extent the problems which both Obamacare and Dodd-Frank seek to address, access to healthcare and a corrupt banking system respectively, are problems created by prior government involvement in the marketplace.

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