This article reminded me of a parody Funny or Die did of a Dodge truck commercial a couple of years ago entitled “God made a factory farmer.”
Farming is one of the croniest areas of the American economy. The industry is rife with subsidies of all sorts, herds of lobbyists, Republican pandering (and Democrat pandering too though most of the Dems have been chased to the cities), and inside political deals of all sorts.
The old joke is that many a congressperson gets elected by explaining to his constituents that he is going to go to Washington so that he can drain the swamp. But once he gets to DC he decides that the “swamp” is more like a hot tub and he slides right in, martini in hand. Looks like we lost another one to the hot tub.
And the guy is from West Tennessee too. Real “Murica”
We have a copy of this book and will be doing a review of it soon. In the meantime, if you’re headed to the beach or lake this summer this might be a good one to take along.*
This month Congress will consider whether to renew the charter of the Export-Import Bank (Ex-Im Bank). Ex-Im Bank is a New Deal-era federal program that uses taxpayer funds to subsidize the exports of American businesses. Foreign businesses, including state-owned corporations, also benefit from Ex-Im Bank. One country that has benefited from $1.5 billion of Ex-Im Bank loans is Russia. Venezuela, Pakistan, and China have also benefited from Ex-Im Bank loans.
With Ex-Im Bank’s track record of supporting countries that supposedly represent a threat to the US,
With regard to government there is no issue with revenue, except that the collectors take too much of it. We are taxed far far beyond what is reasonable. The only people who likely think that we are not are either those who are not taxed (for the most part), those for whom taxation has little impact on their lifestyle, or those for whom taxes are a circular flow – government employees.
How much better would your life be if you could keep the money which goes for just your income tax?
Crony capitalism is bipartisan, transpartisan even.
Though there is a general rule which holds, and that is that the degree to which a politician enables the state is the degree to which that politician will probably enable cronyism. The bigger the government the more crony the government. It’s just the way it is.
The only real way to fight crony capitalism is to lesson the catalyst which makes crony capitalism possible, government. There is no “electing good people”
The point here is that there is some effort to make welfare recipients go through drug testing etc., and that this is humiliating. So we should focus on the welfare the rich get too.
I’m for that.
Thing is this list, almost completely, lists tax DEDUCTIONS as “handouts.”
Making sure that Ex-Im is not reauthorized later this year is important. No one who believes in free enterprise should be for a bank funded and guaranteed by taxpayers which loans loans at below market rates for the benefit of a few large corporations. (Many of the “small businesses” the bank touts as clients are actually parts of larger corporations.) The Republicans in Congress who hold sway on this issue say that they are for free enterprise.
The Clintons are plenty familiar with big business. They know how to leverage relationships in the corporate world about as well as anybody. They’ve been schmoozing for contributions for decades at this point and they won’t disappoint this go’round.
I’m cool with this. Sure the so called “safety net” has tons of fraud in it. Sure it often discourages people from being productive parts of society.These issues need to be addressed, and God willing they will be. But I think it’s pretty reasonable to say that taxpayers shouldn’t be paying one dime to corporations and that crony capitalism should be first on the chopping block.
I think Daniel J. Mitchell sums things up very nicely here. I feel about the same way.
Corporate America is doing a full press in DC right now, even during the lazy days of the Congressional summer recess. The big boys don’t want the Export-Import Bank, the taxpayer backed corporate slush fund, to go away. Congress may stop funding it in September. If Congress does stop funding Ex-Im it will be a major win for everyday Americans and it will be a real loss for the crony capitalists.
Viva public/private partnerships! Viva crony capitalism!!!
The National Review’s Jonah Goldberg argues that what is called the American “Left” will never really fight crony capitalism. That what the progressives actually want is not the separation of business and the state but business which will do as it is told. Business as junior partner to the government. A lapdog.
Is he right?
Because they know they can count on him to do “their business.”