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Tag Archives: crony capitalism

Democracy & capitalism’s enemy: the Ex-Im Bank

This is a long fight and getting rid of the Export-Import Bank is just the beginning. A battle in a larger war to reduce the size and scope of government and to reduce the power of the current crony capitalist system. It will be a slog. Blood will be lost. But make sure most of the blood comes from the cronies and not from those who strive for a reasonably honest government and economy.

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No question that “low interest rates have exacerbated the wealth gap between the poor and the rich because the rich have assets.”

Michael Bloomberg said this recently and he is right. If one had assets prior to 2008, particularly of the stock variety, there is a very good chance that your portfolio is looking pretty good these days. The Fed through various means has inflated markets artificially.

If however one had no assets prior to 2008, or went bust during the chaos of the Crash one is probably still struggling.

The Fed, the central planners, have made the rich much richer. (For the time being.) It wasn’t free market capitalism which did this.

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This is interesting, Head of Democratic Party can’t explain difference between “a Democrat and a socialist.” (VIDEO)

“I used to think there was a big difference.” – Chris Matthews

To be fair Debbie isn’t really running things. She has bosses who determine direction. But even still.

Kudos to Chris Matthews for a good question.

Bernie is pushing the Dems in interesting directions and creating contrasts and shadows where there weren’t ones before.

Trump is doing similar things in the GOP.

Fun to watch.

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Cabbies (likely cabbies) go berserk in Mexico City, attacking Uber drivers (Video)

The enemies of progress (real progress) always lash out when bested. They fear the market. They fear the free flow of prices and the competition it brings.

Things change. Buggy whip companies go bust. So do cab companies. Sorry, my suggestion is that you learn how to do a better job than the Uber drivers.

Most of us over the age of 35 have seen massive changes to our livelihoods. I certainly have. This is the nature of the economy. Thankfully a changing economy is also an economy which is full of new opportunities.

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Boo hoo, Boeing cries over potential loss of taxpayer underwritten bank, Threatens to move many operations overseas?

OK, so you lose Ex-Im and the sweetheart deal which goes with it. So you decide to take your ball and go play – wherever – outside of the United States. Fine.

But it seems reasonable then, going forward, not to award Boeing any lucrative military projects. That’s only fair. Go live off the Swedish taxpayers. They like socialism.

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The CTA Empire Strikes Back

By Ed Ring, executive director, California Policy Center

Emperor Palpatine: There is a great disturbance in the Force.
Darth Vader: I have felt it.
Emperor Palpatine: We have a new enemy, the young Rebel…
Darth Vader: How is that possible?
Emperor Palpatine: Search your feelings, Lord Vader. You know it to be true. He could destroy us. The Force is strong with him.
– Quote (edited for brevity) from Star Wars Episode V: The Empire Strikes Back, 1980

There are indeed great disturbances in the force. There are indeed challenges to the imperial monopoly that, for nearly 40 years, has eroded the quality and escalated the costs for California’s system of public K-12 education. And the imperial stormtroopers who enforce their educational edicts on California’s state legislature, its thousands of public school boards, and by extension, millions of parents and children, are all part of an evil empire called the California Teachers Association, or CTA. In plain English, the teachers union.

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