Crony capitalism

Is the Government Mandating Incompetent Banking?

Featured image For years, I heard from my friends in the banking industry that the government was requiring them to make bad loans. They could stand it, on account of Freddie and Fannie taking the risk off their hands and transferring it to the taxpayers, at least as far as mortgages were concerned, although the bad loans didn’t end there. We all know how that turned out. Dodd-Frank, legislation that was passed »

A Desire Named Streetcar

Featured image After the fetish for renewable energy that’s expensive and intermittent, the greatest fixation of the utopian left is mass transit, especially light rail—a 19th century technology for 21st century mobility needs. (Who says the left isn’t reactionary?) It has long been an embarrassment that the cars for our various light rail systems that taxpayers have been massively subsidizing come mostly from overseas manufacturers. That’s why one of the items buried »

The sun ain’t gonna shine anymore

Featured image Reader Martin Karo brings us up to date on a story that has not received anywhere near enough attention: No doubt most readers know of the $2.2 billion Ivanpah solar plant, a huge project in the Mojave Desert which is easily visible from many planes flying in the Los Angeles – Las Vegas vicinity. It has been controversial from even before its start — it required relocating large numbers of »

Is Nancy Pelosi a crook?

Featured image Lachlan Marklay, writing in the Washington Free Beacon, reports that Nancy Pelosi steered more than a billion dollars in subsidies to a light rail project that benefitted a company run by a high-dollar Democratic donor and in which her husband is a major investor. Here, according to Marklay, is how the scheme operated: Pelosi has worked for more than a decade to steer taxpayer funds to a light rail project »

Charles Koch: How to Get Our Economy Moving Again

Featured image If there is anyone in the world who knows how to create wealth and generate good, high-paying jobs, it is Charles Koch. In USA Today, Koch sets out a basic prescription for how to improve our economy, accompanied by some eye-popping statistics: Like most Americans, I am deeply concerned about our weak economic recovery and its effects on millions of families. Opportunity, especially for the young and disadvantaged, is declining. »

Crony capitalism and the GOP fault line

Featured image Yesterday, I discussed a new study by the Pew Research Center. It identifies two main groups of Republicans — “business conservatives” and “staunch conservatives.” The two factions agree on much, but they part company when it comes to their attitude towards corporations. Most steadfast conservatives say too much power is concentrated in the hands of a few large companies, and they are evenly split as to whether the economic system »

Listen To My Interview on the Bill Bennett Show re Tom Steyer

Featured image Wednesday morning on the Bill Bennett show, Bill and I talked about Tom Steyer, the Democrats’ top money man, and my post The Epic Hypocrisy of Tom Steyer. They have sent me the audio file of the interview, so you can play it right here. It is around 16 minutes long, and includes some calls: Bill has a great show; among its many virtues is the fact that, as you »

Listen To My Interview on the Hugh Hewitt Show re Tom Steyer

Featured image Last night on the Hugh Hewitt show, Hugh and I talked about Tom Steyer, the Democrats’ top money man, and my post The Epic Hypocrisy of Tom Steyer. Someone put the audio of the interview up on YouTube, along with some apt graphics. So here it is; the interview runs a little over eight minutes: Hugh is hitting the Steyer story hard, on his radio show, his web site and »

Media Alert

Featured image I will be on Hugh Hewitt’s radio show this afternoon at 6:20 EST, 5:20 CST, talking about the epic hypocrisy of Tom Steyer, which Hugh commented on here. If you are not sure where to find Hugh on your radio dial, you can listen online here. »

The Epic Hypocrisy of Tom Steyer

Featured image Billionaire hedge fund operator and “green” energy magnate Tom Steyer has pledged $100 million in the 2014 election cycle to help Democratic candidates who oppose the Keystone pipeline and who favor “green” energy over fossil fuels. Steyer claims to be a man of principle who has no financial interest in the causes he supports, but acts only for the public good. That is a ridiculous claim: Steyer is the ultimate »

Harry Reid’s Less-Than-Magnificent Obsession

Featured image The Democrats are agitating to raise the minimum wage, unemployment be damned. That was the point of this tweet by Harry Reid, earlier today: Reid’s tweet is dumb on any number of levels: 1) The economy has been far from uniform over recent decades; it is particularly during the seven years during which Reid has been Majority Leader of the Senate that middle-class Americans have suffered. Reid, of course, takes »

Kronie Action Figures!

Featured image Power Line pal Dan Mitchell points us to the ideal toys for left-wing children to put on your Christmas shopping list for later this year. (Hey—there’s only 325 shopping days until Christmas, so why wait until Memorial Day to start shopping?)  Whoever these guys are, they’re geniuses. (I especially like the shape-shifting Ethanol man.  In an article I’m working on right now, I’m saying that “to call ethanol a »

The Environmental Movement: How Corrupt Is It?

Featured image We have written many times about the corruption of the global warming movement. Billions and billions of dollars are being poured into the pockets of global warming alarmists, because they perform such a valuable service: they help to persuade voters that governments should be given greater control over the world’s economies. What’s a few billion dollars when trillions are at stake? We have written mostly about the corruption of Greens »

Obama Cashes In On Corrupt Cronyism

Featured image I wrote here about the Democrats’ relentless (and highly successful) fundraising on the theme of Democrats’ grass roots contributions vs. the Republicans’ “millionaires and billionaires.” This is nonsense, of course, but any story told often enough starts to seem plausible. Politico reminds us that the Democrats’ millionaires and billionaires are both financing the party and calling the tune, especially when it comes to energy issues: COWABUNGA, DUDE: President Barack Obama »

Jack Lew, an object lesson in plutocracy

Featured image The Wall Street Journal focuses attention on two questions regarding Jack Lew and the paychecks he received from private employers before returning to government. First, why did New York University pay severance to Lew in 2006 when he left there voluntarily to work at Citigroup? In my experience, employers don’t pay folks to quit their job. Severance pay is what you get when you are, in effect, sacked. Second, why »

Blocking the Keystone Pipeline: Who Benefits?

Featured image As President Obama deliberates whether to continue blocking the Keystone Pipeline–or pretends to, anyway–environmentalists have gotten more passionate. Last week, 48 climate activists were arrested at the White House as they urged Obama to stop the pipeline. Notables who were arrested included the head of the Sierra Club, Robert Kennedy, Jr., Bill McKibben and Julian Bond. The activists’ sign said that blocking Keystone constitutes “leading on climate.” But does it? »

Cliff pork

Featured image Here, via the Washington Post, is a partial list of those whose pork was preserved by the “fiscal cliff” legislation that passed Congress: Puerto Rican rum distillers Hollywood studios (what a surprise) Tribal lands coal Electric scooter makers The wind-energy industry Wouldn’t it have been nice if the House had passed an amended version of the Senate bill that eliminated the pork? Harry Reid’s Senate would then have had to »