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Tag Archives : corruption

The Poisonous Combination of Wall Street and Washington

The Poisonous Combination of Wall Street and Washington

Posted on December 29, 2011

Kevin Williamson of National Review is always worth reading, whether he’s kicking Paul Krugman’s behind in a discussion about the Texas economy, explaining supply-side economics, or even when he’s writing misguided things about taxation. But I’m tempted to say that anything he’s written to date pales into insignificance compared to his analysis of the corrupt […]

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Getting Rich While Serving in Congress Isn’t Proof of Corruption, but It Stinks to High Heaven

Getting Rich While Serving in Congress Isn’t Proof of Corruption, but It Stinks to High Heaven

Posted on December 28, 2011

Mark Twain famously observed that, “It could probably be shown by facts and figures that there is no distinctly native American criminal class except Congress.” That’s a generalization, of course, but one that makes a lot of sense. Especially since I’ve written about the sleazy practice of swapping earmarks for campaign cash and also about […]

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Would You Rather Have Bailouts or Real Capitalism?

Would You Rather Have Bailouts or Real Capitalism?

Posted on November 18, 2011

arlier this month, I took part in an online debate for U.S. News & World Report about whether Europe or the United States was in deeper fiscal trouble. I wrote that Europe faced a bigger mess, though I warned that the United States was making the same mistakes of costly and inefficient welfare-state policies and […]

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More Chicago-Style Corrupt Crony Capitalism

More Chicago-Style Corrupt Crony Capitalism

Posted on November 15, 2011

I’ve already commented on some of the sleazy behavior that infects Chicago politics. Now we have a jaw-dropping example of what’s wrong with the state of Illinois, as explained by Bill McGurn of the Wall Street Journal. Soon the Illinois state legislature will meet in special session to consider the Chicago machine’s latest favor: legislation […]

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The Solyndra Scandal Reeks, but the Entire Green-Energy Program Is a Scam

The Solyndra Scandal Reeks, but the Entire Green-Energy Program Is a Scam

Posted on September 27, 2011

I’ve commented on the corruption of the Solyndra scandal, but it’s important to understand this is not just a story of sleaze. From an economic perspective, the real problem is that green-energy programs cause a misallocation of capital. Simply stated, government intervention diverts resources from more productive uses. Here are a couple of examples, explained […]

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Home-Town Columnist Eviscerates Obama for Chicago-Style Corruption in Solyndra Scandal

Home-Town Columnist Eviscerates Obama for Chicago-Style Corruption in Solyndra Scandal

Posted on September 21, 2011

I haven’t paid too much attention to the Solyndra scandal, except to note that waste, corruption and job losses are the inevitable consequences of big government and crony capitalism. But if you want a withering indictment of the sleaziness of the whole enterprise, a trip to Chicago is very illuminating. Here’s some of what John […]

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Washington’s Revolving Door of Legal Corruption

Washington’s Revolving Door of Legal Corruption

Posted on September 17, 2011

If you want to know why Washington is a cesspool of corruption and graft, you should read this story from the Washington Post about how Capitol Hill staffers use their positions as stepping stones to jobs in the lobbying community. Nearly 5,400 former congressional staffers have left Capitol Hill to become federal lobbyists in the […]

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If You Count the Seen and the Unseen, Obama’s Corrupt Green-Energy Program is a Job Destroyer

If You Count the Seen and the Unseen, Obama’s Corrupt Green-Energy Program is a Job Destroyer

Posted on September 15, 2011

The President’s “green energy” loan program has turned into an embarrassment for the White House, in part because of the sordid corruption associated with the bankruptcy of Solyndra. But the subsidy program also has attracted some negative attention for its failure to create jobs – even from media outlets that normally are sympathetic to big […]

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Cheney: Wrong on TARP

Cheney: Wrong on TARP

Posted on September 11, 2011

Last year, after seeing former Treasury Secretary Hank Paulson trying to defend the TARP bailout he designed, I wrote that he should go away in shame. After all, even former Fed Chairman Paul Volcker recognized there was a much better, non-corrupt, way of recapitalizing the financial sector – what is known as FDIC resolution. I’m […]

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Kudos to Sarah Palin for Exposing the Sleazy Bipartisan Corruption Problem in Washington

Kudos to Sarah Palin for Exposing the Sleazy Bipartisan Corruption Problem in Washington

Posted on September 10, 2011

I don’t have strong feelings about Sarah Palin, but I like her anti-establishment attitude. And, in a case of strange bedfellows, so does the New York Times. Or at least one columnist is honest enough to admit when she makes a compelling argument. Here’s an excerpt from a column published yesterday, in which the author […]

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