» Posts in the Cronyism Category:

 

Corker: Watt heading Federal Housing Finance Agency = “fox guarding the hen house”

Posted by: ST on May 1, 2013 at 7:48 pm » 3 Comments

As you’ve probably already heard, in the latest example of this administration’s naked cronyism (THIS WEEK), President Obama has nominated my Congressman in Name Only – Mel Watt – to oversee the Federal Housing Finance Agency.   The nomination has already sparked controversy, and for good reasons: President Barack Obama nominated Rep. Mel Watt, D-N.C., as [...]

 

Cronyism continued: Obama to name CLT Mayor Foxx to top transportation post

Posted by: ST on April 29, 2013 at 12:41 pm » 3 Comments

Via ABC News: President Obama will nominate Charlotte Mayor Anthony Foxx as the new Transportation secretary on Monday, a White House official said. Foxx, who has served as mayor of Charlotte since 2009, has overseen several major infrastructure initiatives in the city and rose to prominence after bringing the Democratic National Convention to Charlotte last [...]

 

Shock and surprise: Diane Feinstein’s husband’s company lands big high-speed rail contract

Posted by: Phineas on April 26, 2013 at 6:26 pm » 14 Comments

**Posted by Phineas Because, at nearly $35,000,000 per mile, they surely had to be the cheapest: Out of the entire universe of those who could have won the first phase construction contract for California’s high speed rail boondoggle, who would stand out as the last person who would win it if there were no political patronage. [...]

 

Mere coincidence: campaign contributions lead to government loans?

Posted by: Phineas on March 3, 2013 at 1:01 pm » 3 Comments

Say it ain’t so! “Cause for Action,” which bills itself as a “government accountability” group, took a look at “green energy” loans made by the Department of Energy (1) and found a (not so) surprising correlation between energy companies that made campaign donations and those that were awarded loans (2). Cronyism in the halls of Chicago-on-the-Potomac? You make [...]

 

The purpose of the Obama tax increases is to reward Obama’s cronies

Posted by: Phineas on January 4, 2013 at 6:13 pm » 8 Comments

**Posted by Phineas Consider this: contained within the recent “fiscal cliff” legislation are tax increases to make those evil wealthy people (You know, those job creators who make over $400,000 per year) pay their fair share, to the tune of $620 billion over ten years, so about $62 billion in 2013. But the Washington Examiner’s [...]

 

NC’s Celgard, a green biz touted by Obama & showered w/ stimulus $$, to cut jobs

Posted by: ST on November 30, 2012 at 6:57 pm » 4 Comments

Why? The demand for electric vehicles is not even close to meeting expectations. I know – shocking, right? Via The Charlotte Observer: Company spokeswoman Beth Kitteringham said the [40] jobs lost come from among the company’s more than 700 Charlotte-region employees. Celgard has plants in Charlotte and Concord, where it makes key components for electric [...]

 

(Humor) Klavan on why crony capitalism isn’t capitalism

Posted by: Phineas on October 31, 2012 at 1:15 pm » 3 Comments

**Posted by Phineas One of the occasional frustrations I experience happens when I discuss economics and the economy with liberal friends (1). When I praise capitalism and free markets, they point to corrupt practices by business and its government allies as proof that capitalism can’t work, and that we need more government regulation to make [...]

 

Email ties Solyndra scandal directly to White House

Posted by: Phineas on August 3, 2012 at 1:08 pm » 8 Comments

**Posted by Phineas If former White House Chief of Staff Bill Daley knew about Solyndra’s financial troubles, and yet the DoE still went ahead with restructuring the loan to illegally subordinate taxpayers in the event of default, what are the odds Barack Obama didn’t know? Buried in the treasure trove of White House emails related [...]