crony capitalism

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  • Mississippi’s Crony Capitalism Under Microscope


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    Like South Carolina, Mississippi is populated disproportionately with dumb as dirt, overweight, flat broke mouth breathing government dependents too stupid to realize how colossally their “Republican” government is giving them the shaft. Specifically, these dim bulbs believe unswervingly that “economic ...
    4 days ago
  • UNBELIEVABLE Obama Cronies Blaming George W. Bush for IRS Targeting Conservative Groups & Tea Party


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    THE BARACK OBAMA ADMINISTRATION HAS NO SHAME, THE BUCK ALWAYS STOPS WITH EVERYONE ELSE … Obama White House spokesman Jay Carney said, said in response to a question about the I.R.S. targeting conservative groups , that the I.R.S. is run by a George W. Bush political appointee. Huh? So let’s get this ...
    1 week ago
  • Another Of Obama’s Green Investments Goes Belly-Up


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    With $50 Million of our money . And it was headed by yet another of Obama’s major fundraisers. It’s almost like this is indicative of something, but what? Filed under: Corruption Tagged: Crony Capitalism , DoE , Green Energy , James A Johnson , Obama , Perseus , Taxpayer Money
    2 weeks ago
  • Mao’s Grand Daughter’s Great Leap to Wealth


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    Mao Zedong’s g rand daughter Kong Dongmei has acquired massive wealth in part by selling Grand Dad’s communism From the Telegraph : The granddaughter of Mao Zedong has been ranked on a list of China’s richest people, with a personal wealth of £525million. Kong Dongmei, 41, has been accused of ...
    2 weeks ago
  • Big Business and Republicans Say Internet Sales Tax is States’ Rights Issue


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    In The Examiner , Tim Carney asks, “When do 21 Republicans senators vote for higher taxes? Answer: When the biggest businesses and local politicians hire top K Street lobbyists to push for the tax-hike legislation.” Read more on Big Business and Republicans Say Internet Sales Tax is States’ Rights Issue… ...
    2 weeks ago
  • Video: Migrant Farm Workers fired because they didn’t want to burn alive


    The Thinking AmericanistAuthority Authority: 144
    More of that abusive crony capitalism that I detest….. The Video: The Story via NBC LA (H/T to Raw Story ) More than a dozen farm workers in Southern California were out of a job after walking out of the fields last week, forced indoors because of heavy smoke from a massive wildfire burning nearby. ...
    2 weeks ago
  • Watch Today 2-3pm: Cliff Asness on Crony Capitalism


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    In May 2010, financier Cliff Asness said in The Wall Street Journal that the Dodd-Frank Act was “perfectly designed to create the largest and most powerful crony system in history. It’s not that the people, regulator or regulated, are personally corrupt. It’s that the system will itself select for, reward and ...
    2 weeks ago
  • The Atlantic on Philippine Economic Boom: Looks Great on Paper


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    I spoke about unevenness of the Philippine boom last weekend “Protectionist reflexes on sensitive sectors” represents as the “concentrated” segments of the economy that are controlled by the unholy alliance of political elites and their cronies. They are the key beneficiaries of today’s central ...
    2 weeks ago
  • R&L Preview: Peter Schweizer on our Cronyist Culture


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    After being sentenced to federal prison in 2001 for racketeering, Louisiana’s former governor Edwin Edwards, long famous for his corruption and political antics, humorously quipped, “I will be a model prisoner as I have been a model citizen.” In his 1983 campaign for governor against incumbent David Treen, ...
    2 weeks ago
  • Warren Buffetts $600 Million Interest-Free Taxpayer Loan


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    PART TWO OF EXPOSING BUFFETT How The Government HOSES You To Help The Insanely Rich Start wartching at the 1:15 mark. Buffett has more than 30 years to pay back half the loan and the whole enhcilada is interest-free courtesy of you and me. -- David Cay Johnston, Author and Pulitzer Prize Winner The problem ...
    2 weeks ago
  • Al Gore: Romney-rich


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    From Bloomberg[1]: Gore Is Romney-Rich With $200 Million After Bush Defeat In 1999, Al Gore…had a net worth of about $1.7 million…In January, the Current TV network, which he helped to start in 2004, was sold to Qatari-owned Al Jazeera Satellite Network for about $500 million [of which Gore] grossed an ...
    2 weeks ago
  • Al Gore: How a hypocrite mixes politics and crony capitalism to become Super Wealthy


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    Al Gore (a.k.a. Algore), one of the biggest hypocrites in the history of American politics, has become super wealthy since leaving Congress. You may recall Algore’s various claims to fame including that he invented the internet and that he is an environment and climate expert. He’s such an expert that he bought ...
    2 weeks ago
  • WaPo Numbers Reveal Huge Problem for T-Mac


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    The Washington Post released results of their latest poll of the Virginia gubernatorial race, revealing a commanding 10 point lead for Ken Cuccinelli over the presumptive…
    2 weeks ago
  • Phisix 7,200: Up, up and away! The Illusions of Comfort


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    I said quoted Superman last week on the Phisix: Up, up and away! And so it seems.  This week, the Phisix soared by a whopping 2.7%. Woot! This adds to the accrued year to date gains now at a mammoth 24%. Woot! This comes amidst a seeming return of the “Risk On” environment in the global equity ...
    2 weeks ago
  • The reason behind government bloat: crony capitalism


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    John Daly, “Big versus small government is not a real issue”: The underlying problem of government bloat is crony capitalism.  Special interests – like AARP and the military industrial complex — rule. The smartest thing that the special interests and the military-industrial complex ever did was ...
    2 weeks ago
  • Cronies, Cronies and more Cronies!


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    Big Government is working hard every day to help it’s friends most of whom are working hard to take advantage of us. Big Banking, Big Green, Big Medicine, Big Drugs, Big Insurance and the list goes on and on. Stossel has a really good video looking at this problem. Check it out if you have time. Click on the image ...
    2 weeks ago
  • ECB Cuts Rates, Mulls Negative Deposit Rates


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    Central banks are reinforcing their assumed roles as superheroes for the global political economy. Justifying a weak regional economy, the ECB has once again pared down interest rates… From Bloomberg : The European Central Bank cut its key interest rate to a record low as the ...
    3 weeks ago
  • Implied Government Guarantees on BRIC Banking system


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    Even in the BRICS, there has been an implied guarantee by their respective governments on their banking system, as indicated on their cred it ratings. From Reuters : The ability of Brazil, Russia, India and China to support their leading banks is tightly correlated to the credit rating on ...
    3 weeks ago
  • Your California high-speed choo-choo update


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    Before a single length of track has been laid, the short yet sad and corrupt saga of Californias high-speed choo-choos continues apace. The contracting consortium of Tutor Perini-Zachry-Parsons was recently awarded the bid to lay down the first 29 mile section of track between Fresno and that other bustling burg of ...
    3 weeks ago
  • Capitalisms Ozymandian Moment


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    Looking Upon Mighty Works and Being Afraid Jeffrey Sachs is an insider.  He is part of the financial-academic-media-political complex.  But he is also a heretic.  He is a strident opponent of the theft and corruption of the finance sector in the United States.  In addition he  is also a fierce critic of the ...
    3 weeks ago

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