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.
In another life I would have said that this was clearly progress, the head of a communist/socialist country meeting with the head of the US Chamber of Commerce. Nowadays, I am not so sure.
Surprise to Harwood maybe. (But how could it be at this point? How daft could he be?) But not a surprise to us or likely many of our readers.
Harwood is, as you may remember the the chief political correspondent for CNBC who also ran stories by and offered advice to the Clinton campaign. (This was exposed by Wikileaks.)
The predictions by the “remain” camp prior to the Brexit vote were dire. A “leave” vote would trigger a recession in the UK if not the world. Companies would pack up and leave Britain for the EU en masse. Life as Britons knew it would end.
In a sense the fear mongers were right. Life did change for Britons, but for the better.
I wonder why the economy would react positively to the prospect of being cut loose of the crony monster in Brussels?
See, without licensing pandas might take over the industry!
Amen Senator Paul.
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?
We need to End the Fed not audit it. But I’ll take an audit as a first step. If audited the real question is the length to which the Fed will go to obfuscate. My bet is pretty far.
The Fed is the Prime Mover of crony capitalism.
No! We are shocked. Shocked! I tells ya.
“See now I wear glasses! Almost makes you forget that whole “whoops” moment doesn’t it? My PR person said it would.”
Perry is a crony capitalist. Absolutely. And Trump fans should call Perry and Trump out for it. There are plenty of swamps in Texas and Rick Perry is definitely a swamp thing.
However, if Perry helped Trump scrap the Department of Energy (this is very unlikely) he could redeem himself a bit.
Really though Trump would probably have been wise to let Perry remain out to pasture.
Obamcare is not only a BAD program. It must be remembered Obamacare is a deeply CRONY program with all sorts of sweet little deals for the “healthcare” industry.
We’d be wise to listen to Dr. Paul. (He still does eye surgery.)
Brexit, Trump, and the Italian referendum this month have shown pretty clearly that the global middle class has had about enough. However, the people who have long run the political show aren’t happy about this bourgeois revolt. Indeed as the “deplorables” have gained their voice the (old) powers that be are crying out for censorship. That, not Russian hacking, is what the “fake news” meme is all about. The crony media system, a partnership between government and the media corporations is breaking down and people like Obama,
If there is any example of cronyism and disgusting government bureaucracy it is Veterans Affairs. There is no reforming.There is only blowing it up. Get vets out of this horrible socialized healthcare system and into a system where there is at least a modicum of economic reality. (And even more importantly a private sector level of service.)