The US Chamber is spending big money in an effort to rein the Republican Party back away from the emerging small government coalition which has emerged over the past couple of years.
Dave Camp in the House and David Vitter in the Senate are looking to address the implicit subsidy granted to banks designated as too big to fail. These banks are able to borrow at lower than true market rates because they are backed by the US taxpayer. Their smaller competitors who do not have this taxpayer financed guarantee must borrow at higher rates and so are at even more of a disadvantage versus the big guys. Over time this means that capital will increasingly move from small banks to large. (This is just one of the problems with Dodd-Frank.)
“ I was born in a welfare state
Ruled by bureaucracy
Controlled by civil servants
And people dressed in grey
Got no privacy, got no liberty
Cos the twentieth century people
Took it all away from me.”
- The Kinks
Indeed. The GOP has long been a big government, crony capitalist party. Just because the Republicans seem to have shifted a bit toward liberty in their rhetoric doesn’t mean that if the party were to gain power it would embrace ideas based in liberty. This would necessarily mean giving up power to the people and politicians are very jealous when it comes to power.
Amash is a friend to those who fight crony capitalism, and to those who believe that the best government is the government which governs least. His above statement was in response to an another statement by an RNC committee member who said on Facebook, “Have you ever seen a Muslim do anything that contributes positively to the American way of life?”
Boyd Marcus is a good old boy. He was a Republican good old boy until he switched sides last year and endorsed Terry McAuliffe the Bill Clinton confidant, former head of the DNC, and accomplished crony capitalist.
Come senators, congressmen
Please heed the call
Don’t stand in the doorway
Don’t block up the hall
For he that gets hurt
Will be he who has stalled
There’s a battle outside
And it is ragin’
It’ll soon shake your windows
And rattle your walls
For the times they are a-changin’.
-Bob Dylan (Times are changing again)
As professor Codevilla points out crony capitalism is a bipartisan endeavor. It’s not just the establishment GOP, it’s the Dems too. But strange things are afoot in the Republican Party.