Crony capitalism

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 Kronies.com 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 »

Cliff city

Featured image In a column with an improvisational feel, George Will captures some of the abundant absurdity to which we have grown accustomed. Considering one small slice of Senator Richard Durbin’s fatuity, Will riffs: It is enough to make you want to hop in your Fisker and drive off a fiscal cliff. You should know Fisker because you have helped to finance the Anaheim, Calif., company that makes — well, has made »

Miracle on Wall Street

Featured image Crony Chronicles is a good site that addresses one of the key issues of our time; not just that, but a potentially winning issue for conservatives. It is worth bookmarking and returning to. The latest from Crony Chronicles is Miracle on Wall Street. First, the video, by our friend Justin Folk: Crony Chronicles notes that in 2012, according to the Cato Institute, the federal government paid out $98 billion to »

The auto industry bailout — a classic case of crony capitalism

Featured image Peter Schweizer, in the Washington Times, helps expose the auto industry bailout for what it was — “a classic tale of cronyism, in which the well-connected sped away with big bucks.” In this instance, the “well-connected” can be found mainly in the world of Big Finance: In his recent book “Bailout,” the former special inspector general for the Troubled Asset Relief Program, Neil Barofsky, points out that when it came »

Why Cronyism Isn’t Capitalism

Featured image Our friend Justin Folk collaborated with Andrew Klavan on this excellent video, which explains the 2008 financial collapse in entertaining, understandable and accurate fashion. It is called, “Picking Losers, Why Cronyism Isn’t Capitalism.” »

Why Cronyism Is Always Bad

Featured image In today’s Wall Street Journal, Charles Koch explains concisely why corporate cronyism, a hallmark of the Obama administration, is bad–not just when it’s the other side’s cronies, but bad, period: “We didn’t build this business—somebody else did.” So reads a sign outside a small roadside craft store in Utah. The message is clearly tongue-in-cheek. But if it hung next to the corporate offices of some of our nation’s big financial »