With an administration reeling from its failed Obamacare launch, the president has brought in outside insider help. John Podesta, former Clinton Chief of Staff and lobbyist for BP and Walmart, will focus on how to use executive orders to legislate from the executive branch. (This is of course in violation of the separation of powers in the Constitution and a clear threat to America but Politico makes no mention of this.)
Solar power is good. In fact I grew up with water heated by solar panels installed by my electrical engineer dad. It worked great and that was in the mid 1980s. I have probably taken more energy off the grid than most people in America have. (Or more precisely my dad did.)
You know what isn’t good? Solar subsidies targeted at achieving unattainable goals but which will fatten the pockets of the politically favored.
Bush and Obama have different flavors. But both are crony capitalists. Bush was the Republican version, Obama is the Democrat version. Both have sought to more closely link business and government, to expand the presidency and bureaucracy, and to reduce the inherent freedoms of the American people.
The political and banking classes both demand easy money right now. (They always want it.) Print more and more money and the world will continue on as it has (limping that is) for the past 5 years. This is the “new normal.” Sure it’s corrupt, sure it’s counterfeiting, sure it encourages unsound economic and political decisions, but hey we need to do what we need to do.
The railroads and the government have been weary partners from the earliest days. This is nothing new, but the railroads shouldn’t brag about how they aren’t on the take.
If you are going to hook your buddies up with sweet government contracts at least make sure they can come close to doing the job. Otherwise you look, well you know…
Among the early Roosevelt fascist measures was the National Industry Recovery Act (NRA) of June 16, 1933 …. [these ideas] were first suggested by Gerard Swope (of the General Electric company)… They were adopted by the United States Chamber of Commerce. During the campaign of 1932, Henry I. Harriman, president of that body, urged that I agree to support these proposals, informing me that Mr. Roosevelt had agreed to do so. I tried to show him that this stuff was sheer fascism; that it was a remaking of Mussolini’s “corporate state” and refused to agree to any of it. He informed me that in view of my attitude, the business world would support Roosevelt with money and influence. That for the most part proved true.—Hoover Memoirs 3:420
In the wake of FDR, who despite the historical propaganda was far from a president who was universally loved, the American people moved to limit the terms of presidents to 2. FDR had wandered far too close to despotic rule (in some cases stepping over the line) during his tenure, and after his death America moved quickly to make sure that such a situation did not happen again. FDR had violated the tradition of Presidents stepping down after 2 terms. Now it needed to be codified, for the sake of the Republic.
Ah yes, JP Morgan. Friends and frenemies with this White House. Jamie Dimon is held up publicly by the administration for a few days in an orchestrated PR move, then Dimon flies back to New York, he and his company in the clear. Dimon was never going down. JP Morgan certainly wasn’t.
It’s easy to make a pile of dough if you get it for nothing and then lend it out at interest.
Obamacare was crafted in the back rooms of Congress. Congressional staffers and industry lobbyists scribbled away, writing the massive law deep into the night, night after night. Everyone wanted to make sure they got what they wanted. The insurance industry and Big Pharma made sure they got new mandates forcing Americans to buy their products. The politicians got lots and lots of new taxes wedged skillfully into the nooks and crannies of the bill.