Skip to comments.EDITORIAL: Obama’s crony capitalism
Posted on 01/26/2012 6:15:00 PM PST by jazusamo
Friends of the president are given billions in government largesse
President Obama said in his State of the Union address that one of the American values that must be reclaimed is an economy where everyone gets a fair shot, and everyone does their fair share, and everyone plays by the same set of rules. For three years, he and his political allies have been undermining this vision. They see government as a means of rewarding their friends and punishing their enemies. For the Obama circle, rules apply only to other people.
Obamacare is a growing burden to American businesses, but not if you have friends in high places. Mr. Obamas signature and highly unpopular legislative achievement was sold as a measure that would require shared sacrifice but bring lasting benefits to all Americans. Yet as soon as the law was implemented, hundreds of waivers were issued that allowed the recipients to duck under Obamacare requirements. The vast majority of recipients were labor-union chapters, large corporations, financial firms and local governments with strong Democratic connections. One in 5 waivers issued in April 2011 went to upscale nightclubs, bars and hotels in Rep. Nancy Pelosis San Francisco district. Mr. Obama is not even covered by his own law.
Never in modern history has the U.S. government been used so extensively as a vehicle for benefiting political cronies at the expense of the rest of us. In his speech, Mr. Obama said America shouldnt settle for a country where a shrinking number of people do really well while a growing number of Americans barely get by. Given this administrations rampant favoritism, special treatment and backroom deals, restoring fairness is a major argument against Mr. Obamas re-election.
(Excerpt) Read more at washingtontimes.com ...