GOP field takes aim at crony capitalism -- finally

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    Sep 15, 2011 4:14 PM GMT
    This line of attack is long overdue though I have little faith that Republicans would not do fund different companies though in lesser amounts given new found 'tea party' pressures.

    http://campaign2012.washingtonexaminer.com/article/gop-field-takes-aim-crony-capitalism-finally

    When Michele Bachmann attacked Rick Perry in this week's debate for helping a politically connected drug company, and Newt Gingrich attacked GE and even oil companies for benefitting from targeted tax breaks, it stirred a bit of a reaction on the Left.

    "Wait, being a crony capitalist is a problem now?" journalist Dave Roberts, a liberal environmentalist, asked rhetorically.

    It's actually an important question.

    Although the Republicans' professed belief in free markets would imply a rejection of corporate welfare, GOP cries of "crony capitalism" and critiques of subsidy sucklers and regulatory robber barons usually come only from the party's back bench. It's striking, then, to hear this talk from prominent Republicans on center stage at a presidential debate.

    It's part of a small but growing trend toward free-market populism in Republican rhetoric, if not action.

    When Gingrich called out General Electric by name for profiting from special tax breaks and green subsidies, he was expressing a growing conservative distaste for GE, which has visibly embraced President Obama's subsidize-and-regulate economic policy. On everything from climate change and windmills to health care and embryonic stem cells, CEO Jeffrey Immelt has positioned GE to profit from big government, often lending the company's unmatched lobbying clout to the administration's efforts.

    Obama's pick of Immelt as jobs czar was a fitting symbol of the symbiotic relationship between the industrial giant and Obama's agenda.

    Bachmann, meanwhile, steered the discussion of Perry's 2007 unilateral mandate of an HPV vaccine to the question of cronyism, benefitting drugmaker Merck. "We cannot forget that in the midst of this executive order there is a big drug company that made millions of dollars because of this mandate."

    Bachmann went on, about sounding like a populist: "The governor's former chief of staff was the chief lobbyist for this drug company. The drug company gave thousands of dollars in political donations to the governor, and this is just flat-out wrong."

    A week earlier in Iowa, Sarah Palin also attacked "crony corporate capitalism."

    "This is not the capitalism of free men and free markets, of innovation and hard work and ethics, of sacrifice and of risk," she said. "It's the collusion of big government and big business and big finance to the detriment of all the rest -- to the little guys."

    Throughout the presidential campaign, Ron Paul has attacked the corporatism that has flourished under Bush and Obama. Before he dropped out of the race, Tim Pawlenty regularly lashed out on the campaign trail against "big bailed-out businesses."

    Beneath the rhetoric, sure enough, you can find hypocrisy. Gingrich, when he was in the private sector, lobbied the conservative movement to support the Medicare prescription drug bill that was backed by drugmakers and insurance companies. Govs. Palin and Pawlenty -- though they did at times battle the big business lobby -- created their share of special-interest tax breaks.

    But we free-market populists take whatever drippings we can get, and lip service from prominent Republicans on center stage is an improvement. Important Republicans typically shy away from attacks on big business, presumably for fear of alienating key donors and supporters.

    It's not as if President Obama hasn't provided the GOP with plenty of ammunition with which to attack corporate welfare and crony capitalism. When House Democrats in 2009 pushed a climate bill endorsed by a powerful coalition of energy and manufacturing companies that stood to profit from the legislation's wealth transfers, the only congressmen criticizing the bill's corporate welfare were far-left liberals.

    After Obama let the drug lobby write part of the health care bill, which required individuals to buy private insurance, former Democratic National Committee Chairman Howard Dean attacked it as a gift to big business. Republicans stayed mum on the naked corporatism of the legislation, letting Obama get away with falsely saying the bill represented "standing up to the special interests."

    The U.S. Chamber of Commerce aggressively backed Obama's giant first stimulus bill and then supported Cash for Clunkers.

    Yet still, despite all these Obama gifts to industry, the Republican attack on Obama has generally been that he's "anti-business."
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    Sep 15, 2011 4:55 PM GMT
    Slick Rick = Crony Capitalism
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    Sep 15, 2011 10:05 PM GMT
    What have you done with Riddler? He is all about free markets and corporations and companies doing whatever the hell that they want to. If a few people die from their products, the market will take care of the company. If they benefit from tax breaks, they are well-deserved since companies create jobs.

    No, Riddler would not post an article like this! Never!
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    Sep 15, 2011 11:12 PM GMT
    Taking aim != actually shooting.icon_lol.gif
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    Sep 15, 2011 11:49 PM GMT
    Balljunkie saidWhat have you done with Riddler? He is all about free markets and corporations and companies doing whatever the hell that they want to. If a few people die from their products, the market will take care of the company. If they benefit from tax breaks, they are well-deserved since companies create jobs.

    No, Riddler would not post an article like this! Never!





    LOL!
    Riddler posts whatever shit he can find that he thinks will maybe mislead a few folks into voting Repub.
    Period.
    There's no ideological or intellectual consistency to what he posts at all.

    This article he posted is just bullshit.
    The Repubs claiming to care about "crony capitalism" is just absolutely unbelievable hypocrisy.
    THE REPUBS WILL SAY ANYTHING to try to trick folks into voting Repub.

    It reminds me of when Bush actually campaigned with the slogan "A Reformer With Results" during the 2000 campaign.
    LOL!
    BUSH a "reformer with results"?

    Add this "taking aim at crony capitaism" bullshit to the other Repub claims like"
    "Compassionate Conservative"
    "Country First"
    "Respecting the will of We The People"
    and
    "Focus like a laser beam on jobs jobs jobs".

    ALL BULLSHIT
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    Sep 15, 2011 11:57 PM GMT
    RickRick91 said
    Balljunkie saidWhat have you done with Riddler? He is all about free markets and corporations and companies doing whatever the hell that they want to. If a few people die from their products, the market will take care of the company. If they benefit from tax breaks, they are well-deserved since companies create jobs.

    No, Riddler would not post an article like this! Never!





    LOL!
    Riddler posts whatever shit he can find that he thinks will maybe mislead a few folks into voting Repub.
    Period.
    There's no ideological or intellectual consistency to what he posts at all.

    This article he posted is just bullshit.
    The Repubs claiming to care about "crony capitalism" is just absolutely unbelievable hypocrisy.
    THE REPUBS WILL SAY ANYTHING to try to trick folks into voting Repub.

    It reminds me of when Bush actually campaigned with the slogan "A Reformer With Results" during the 2000 campaign.
    LOL!
    BUSH a "reformer with results"?

    Add this "taking aim at crony capitaism" bullshit to the other Repub claims like"
    "Compassionate Conservative"
    "Country First"
    "Respecting the will of We The People"
    and
    "Focus like a laser beam on jobs jobs jobs".

    ALL BULLSHIT
    Actually it is a good thing.. some on the right will finally discover that the left isnt the big bad crony party and maybe their own 'party' isnt what they 'were told ' it is.
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    Sep 16, 2011 12:04 AM GMT
    TropicalMark said
    Actually it is a good thing.. some on the right will finally discover that the left isnt the big bad crony party and maybe their own 'party' isnt what they 'were told ' it is.


    We will see.
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    Sep 16, 2011 12:08 AM GMT
    Balljunkie said
    TropicalMark said
    Actually it is a good thing.. some on the right will finally discover that the left isnt the big bad crony party and maybe their own 'party' isnt what they 'were told ' it is.


    We will see.
    Here's hoping.................... But like you I'm skeptical. (maybe thats why I despise these neo-cons.)
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    Sep 16, 2011 12:17 AM GMT
    Apparently it's only wrong when it's Democrats doing it. And if you don't do it, you're accused of being anti-business.

    Let's hear Republicans and libertarians criticize Darrell Issa and his Merrill Lynch/Goldman Sachs relationship:

    http://www.cbsnews.com/8301-503544_162-20105655-503544.html

    Or the defense of oil companies by GOP senators:
    http://www.grist.org/oil/2011-05-17-senate-republicans-filibuster-to-protect-oil-industry-subsidiesA Center for American Progress Action Fund analysis finds that the 48 senators who sided with Big Oil received over $21 million in career oil contributions, while 52 senators who sided with the American people received only $5.4 million in contributions. Each senator who voted for Big Oil received on average more than four times as much oil cash as those who voted to end the subsidies.


    Or just try to squeeze something, anything negative from a Republican about Bush and Haliburton. Enough said.

    You want to end "crony capitalism"? Then repeal the Citizens United decision and impose strict 100% public funding of election campaigns. Any GOP takers?icon_rolleyes.gif
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    Sep 16, 2011 12:33 AM GMT
    http://blogs.alternet.org/speakeasy/2010/09/28/crony-capitalism-wall-streets-favorite-politicians/
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