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Tag Archives : Cronyism

Must-Read Article about Germany’s Green-Energy Disaster

Must-Read Article about Germany’s Green-Energy Disaster

Posted on September 6, 2013

I’ve written before that Obama’s Solyndra-style handouts have been a grotesque waste of tax dollars. I’ve argued that they destroy jobs rather than create jobs. I’ve gone on TV to explain why government intervention in energy creates a cesspool of cronyism. I’ve even shared a column from Obama’s hometown newspaper that criticizes the rank corruption […]

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The Arbitrary Diktats of Generalissimo Obama

The Arbitrary Diktats of Generalissimo Obama

Posted on August 16, 2013

There’s an old joke that the definition of quandary is when your mother-in-law drives off a cliff in your new car. But since I’m not married, I can’t use that joke. Besides, I’m a policy wonk, so the type of quandary that catches my attention is when the Obama Administration delays big parts of Obamacare […]

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Are Republicans the “Stupid Party” or the “Big-Government Party”…or Both?

Are Republicans the “Stupid Party” or the “Big-Government Party”…or Both?

Posted on July 16, 2013

I sometimes make fun of Republicans for being the “Stupid Party,” but I get genuinely agitated when they’re the “Statist Party.” You can forgive someone for not being intelligent, after all, but it’s much harder to look the other way when they deliberately and knowingly do the wrong thing. And that seems to be a […]

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Two Cheers to the Obama Administration for Resisting French Anti-Tax Competition Scheme

Two Cheers to the Obama Administration for Resisting French Anti-Tax Competition Scheme

Posted on July 15, 2013

I damned Obama with faint praise last year by asserting that he would never be able to make America as statist as France. My main point was to explain that the French people, notwithstanding their many positive attributes, seem hopelessly statist. At least that’s how they vote, even though they supposedly support spending cuts according […]

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Being in Favor of Markets Is Not the Same of Being in Favor of Business

Being in Favor of Markets Is Not the Same of Being in Favor of Business

Posted on April 1, 2013

Folks, the pendulum is swinging in the right direction. In recent weeks, I’ve shared a bunch of examples to support my hypothesis that libertarians, small-government conservatives, and classical liberals are finally making some progress. This trend actually started with the fiscal cliff, though that was simply a smaller-than-expected defeat. Since then, we’ve enjoyed victories on […]

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Jack Lew and Citigroup: How the Corrupt Rich Get Unjustly Richer with Crony Capitalism

Jack Lew and Citigroup: How the Corrupt Rich Get Unjustly Richer with Crony Capitalism

Posted on February 28, 2013

If you’re an amoral person with political connections, it’s possible to make a lot of money. Warren Buffett lined his pockets by making a government-subsidized investment in Goldman Sachs during the financial crisis. The rest of us suffered and he got richer, but the left seems to be okay with that perverse form of redistribution […]

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Bailout Nation

Bailout Nation

Posted on January 13, 2013

I have a serious question for readers. What’s worse, bailouts for government or bailouts for the private sector? Yes, both are bad, but is it worse to bail out a bankrupt entitlement program, such as Social Security, or it is worse to bail out an industry, such as the financial sector? To bail out the […]

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While Much of America Suffers with Stagnation, Washington’s Political Class Is Having a Very Merry Christmas

While Much of America Suffers with Stagnation, Washington’s Political Class Is Having a Very Merry Christmas

Posted on December 27, 2012

In large part because of an excessive burden of government, the American economy is suffering European-style stagnation, with even the Washington Post now confessing that growth far below the long-run trend. This helps explain why job creation has been so dismal in recent years, with more than twenty million Americans out of work, underemployed, or […]

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What’s the Best Response When Crony Capitalists From Big Business Endorse Higher Taxes on Their Small Business Competitors?

What’s the Best Response When Crony Capitalists From Big Business Endorse Higher Taxes on Their Small Business Competitors?

Posted on December 25, 2012

I’m a big fan of lower corporate tax rates. I also want to eliminate worldwide taxation so American companies can be on a level playing field when competing for market share around the world. And I want to get rid of the double taxation of dividends and capital gains in part because these reforms will […]

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Auto Bailout Cost Climbs to $25 Billion, Yet Obama Thinks It Is a Success and Threatens to Do the Same for Other Industries

Auto Bailout Cost Climbs to $25 Billion, Yet Obama Thinks It Is a Success and Threatens to Do the Same for Other Industries

Posted on August 15, 2012

I’ve been against the auto bailout from the very beginning because it was a corrupt payoff to lazy corporate fat-cats and an ossified union. And when folks on the left say the bailout is a success, I explain that any industry can be propped up with a sufficiently large injection of other people’s money. Now […]

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