Don’t you dare tell the truth when the Washington establishment is involved.
Tag Archives: Washington DC
The Moral Crisis of Crony Capitalism
An interview with friend of ACC Peter Schweizer on how crony capitalism infects a society and mutates the economy.
Establishment renders harsh verdict on Edward Snowden
Of course they are hostile. Many establishment “leaders” have long Oked the NSA spying program. They know potentially that the public outrage associated with the scandal could affect them and their election prospects.
Smartphone taxi cab app UBER comes to Detroit, innovation, the consumer, and the free market win
UBER is a cell phone app which makes the business of hailing a cab much easier.
One need only press the UBER button and instantly one knows where the next cab is, how long the ride will take, how much the ride will cost, and the fare will even come right out of a linked account. No fuss no muss.
This Is What the IRS Spends Your Money On
Do you want to know what the IRS does with its budget? Maybe you don’t.
Here’s a sample of how the tax folks use their resources.
South Portland doctor stops accepting insurance, posts prices online
Maybe there’s a silver lining to Obamacare if more doctors follow the lead of this fellow in Maine. I pray that they do.
Dr. Michael Ciampi is able to charge half of what he used to charge for his services now that the red tape and general pain of dealing with deeply regulated insurance companies has been eliminated. He figures that the hassle is only going to get worse with Obamacare, so he has decided to go another route.
Washington DC is Awash in Money, Welcome to Your Shining Crony Capitalist Capital City
Washington DC is indeed booming. Over the past 5 years billions and billions of tax dollars have been poured into the local economy. Contractors of all sorts fill the mirrored buildings surrounding DC. The roads are choked with commuters, many of whom are new transplants from the less prosperous regions of the country. The wealth of a nation has been aggregated in and around the Beltway. Money is here and millions are being “made.” (Really, being redistributed.)
Political intelligence firms set up meetings for investment firms (looking for information) at White House
Banks’ Lobbyists “Help” in Drafting Financial Bills
Who writes the laws? The lobbyists.This isn’t completely true, but it is true to a very large extent as this article explains.
The thicker the law, the more opaque the legislation, the more opportunities there are to make money. There’s a reason Obamacare is a stack of papers taller than a man, same for Dodd-Frank. Both laws deal with impossibly complex areas of the economy best left to market mechanisms. To a very large extent the problems which both Obamacare and Dodd-Frank seek to address, access to healthcare and a corrupt banking system respectively, are problems created by prior government involvement in the marketplace.
The IRS Scandal Is a Test: Is It Too Hard to Fire Misbehaving Bureaucrats?
Take this from someone who lives in the leafy suburbs of Washington DC. It is virtually IMPOSSIBLE to fire a civil servant. Basically they would have to kill someone on the job, with 3 witnesses, to get relieved of duty. Even then they’d probably get to keep their pension.
You think I’m joking.
