Category: Crony Capitalism

Obama’s Plan to Force Fed. Contractors to Disclose Political Donations Meeting Bi-Partisan Opposition

Posted on by Warner Todd Huston

Barack Obama’s Executive Order that requires federal contractors to disclose the political contributions they have made is garnering bi-partisan opposition on the Hill this month. The order would force contractors to reveal any political donations as a condition for being allowed to bid on a contract to work for the federal government. And the order […]

 

Dues Paid to Union Fat Cats Could Have Funded 265,447 Workers For A Year

Posted on by Warner Todd Huston

Leftists and union supporters love to point to the salaries of corporate bosses and claim them an excess in order to goad regular people into fits of envy and hatred, stirring that class warfare that leftists love so much. But the folks at LaborUnionReport.com thought it might be interesting to turn the tables and calculate […]

 

GM Exec: Reporting GM’s Failures Hurts… Republicans?

Posted on by Warner Todd Huston

In an odd turn of events, former GM Vice Chairman Bob Lutz thinks that anyone that criticizes GM is not only “mis-informed” but insists that those “foaming ideologues” that criticize the car giant are “damaging the Republican Party.” It is interesting that an executive in the company derided as “Government Motors” is trying to direct […]

 

Arrogance: Obama Decides HE Can Tell A Company Where They’re Allowed to Build

Posted on by Warner Todd Huston

Barack Obama thinks he has the power to tell companies where they are “allowed” to build new facilities and, shock of shocks, Obama wants all those facilities to be in union controlled states. Last week Obama’s National Labor Relations Board (NLRB) announced its plans to force Boeing to keep building its aircraft in union plagued […]

 

Why We Can’t Trust Government on Technology

Posted on by Warner Todd Huston

Free market advocates have for years been fighting the anti-capitalist left over government control of the Internet, a battle that has reached a temporary plateau when Obama’s Federal Communications Commission (FCC) arbitrarily decided that it was in full control of the Internet and by fiat implemented the left’s long-sought net neutrality rules. This isn’t the […]

 

Geithner’s Spin: Auto Bailout A Success

Posted on by Warner Todd Huston

At the Detroit Economic Club today, Treasury Secretary Timothy Geithner tried to claim the auto bailout is a success. It certainly doesn’t seem like a success for the taxpayers. GM stock is about $30 today, and unless it gets up to $54, the taxpayers lose money on the deal. Why would it go up? You […]

 

Rep. Jesse Jackson, Jr. Attacks Apple iPad

Posted on by Warner Todd Huston

Chicago area Congressman Jesse Jackson, Jr. is apparently as fickle as he is uninformed about economics and the Constitution both. In March we saw him praising the Apple iPad as technology so important that he wanted to have the federal government buy one for every American student. Only a month later he was calling the […]

 

Government Motor’s New Car: The GM WeeKann

Posted on by Warner Todd Huston

Since Barack Obama has taken over General Motors, the newly installed Obama-owned executives have come up with a way to save the floundering auto giant. They’ve come up with a new car model that they are absolutely sure will save the company. This new car has not been designed by professionals but has been created […]

 

Auto Recall: When The Wheels Come Off Government Motors… Literally

Posted on by Warner Todd Huston

GM, Obama’s favorite federally owned car company, was thrilled to report in March that sales figures for the Chevy Cruze helped put the company on the fast track to success but it wasn’t the best news when the wheels began to literally fall off the Cruze causing a recall of GM’s “success” story. As we […]

 

Even American ‘Cowboys’ Now Government Teat Suckers

Posted on by Warner Todd Huston

Last month when the current series of budget debates began to heat up, the ineffectual leader of the Democrats in the U.S. Senate thought he had a great little point against proposed tax cuts by crying that the cuts would destroy Nevada’s “Cowboy Poetry.” Oh, the humanities. You might recall that last month Reid ambled […]

 

Crony Capitalism Today: Ma Bell 2.0 Invested $15.5M to Lobby Federal Government Just Prior to Its Planned Takeover of T-Mobile

Posted on by Doug Ross

AT&T’s recent announcement that it will buy wireless provider T-Mobile is yet another potentially crippling blow to the free market. In the exploding world of wireless, crony capitalism is helping to destroy competition. And it’s all been facilitated by horrific policies set down by the FCC and Congress, who have benefited mightily over the decades […]