Trump’s Plan To Cut Regulations Will Face A Surprising Foe (But not surprising to us)

It’s probably not surprising to regular readers of this website either.

Big business LOVES government. It in many respects LOVES regulations. Whose lobbyists do you think write the regulations?

Regs often game the system toward the connected and entrenched. A Federal subsidy here. A new regulation that shuts out up and coming companies and technology there.

Cutting regulations is good for the economy. It’s good for small and medium sized businesses. It isn’t always so good for the behemoths that have teams of people working the politicians on Capitol Hill.

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Crony Capitalism On Parade: The Dem Convention Is One Big Corporate Bribe

It’s not just the Democratic convention. There’s plenty of this sort of thing going on at Republican get-togethers. However, this year, some corporations were afraid to associate themselves with Trump and so the parties at the RNC weren’t as good as usual by some accounts.

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Uncle Sam’s Favorite Corporations—the companies that have gained the most from federal grants, special tax preferences, loans, and loan guarantees.

This is an excellent report from Good Jobs First, a “good government” advocacy group, which also maintains the very useful SUBSIDY TRACKER tool. The report breaks down the crony game since 2000 quite nicely.

Corporate welfare in this country is massive. (As we illustrate day in and day out.)  In many respects it puts regular welfare to shame.

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CISPA is back, Corporations and government sharing your data with each other. What could be better?

(From Cispaisback.org)

This marks the third time Congress is trying to pass the bill to allow corporations to share our personal data with governments loosely. In addition, the 2015 version of CISPA would create a data sharing program between the Department of Homeland Security, Director of National Intelligence, and Secretary of Defense, with no accountability measures outside of their own agencies. Not only that, but any data shared would be exempt from the Freedom of Information Act.

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Pro Publica: When U.S. Companies Help the NSA

We have long covered what happens the in the shadowy alleyways where the NSA and corporate America have gotten together in their unholy unions. Sometimes these unions are voluntary. We have seen also that many of these relationships were not and that companies have no choice but to work with the NSA.

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The President Wants You to Get Rich on Obamacare

“Among other initiatives, the A.C.A. would relax restrictions on collusion between health care providers.”

 

At least one Republican gave up complaining about Obamacare and decided that it made much more sense to mine the massive wealth redistribution program for a little wealth of his own.

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Crony Phones: Million dollar contracts for corporations to supply “Obama phones” paid for by taxpayers

James O’Keefe strikes again. He’s the fellow who brought down ACORN with his “pimp” video a few years back. This time he stings a couple of wireless carriers who supply phones for the “Lifeline” program, often referred to as “Obama phone” program.

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