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Keyword: crony

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  • CEO of the US, politicians need NOT apply

    07/21/2014 1:31:21 PM PDT · by simka · 111 replies
    self
    We do not need Hillary or Warren or any career politician. We do not need another leader in debt to big business, financial backers or his party agenda. We do need someone truly independent of all political pressures, capable of resolving all the damage done to this country. The names that come to mind are Ben Carson, Mitt Romney and maybe Ted Cruz. What say you all?
  • Sen. Harry Reid strikes gold with home sale

    06/09/2014 3:30:21 PM PDT · by Oldeconomybuyer · 30 replies
    The Washington Times ^ | June 9, 2014 | By S.A. Miller
    Senate Majority Leader Harry Reid has sold his home in Searchlight, Nevada, to a mining company for $1.7 million and is moving to Las Vegas, his office announced Monday. Mr. Reid, Nevada Democrat, sold his house with 110 acres of land to Nevada Milling and Mining, which plans to develop a gold mine in Searchlight. The $1.7 million deal closed Friday, according to the Las Vegas Sun. Mr. Reid grew up poor in the dusty mining town of Searchlight, about 60 miles south of Las Vegas, but as a lawmaker he managed to accumulate a personal fortune estimated at $5...
  • Texas Gov. Perry throws support behind McConnell

    03/16/2014 9:26:23 AM PDT · by TADSLOS · 148 replies
    The Washington Times ^ | Saturday, March 15, 2014 | Adam Beam
    MURRAY, Ky. (AP) - Texas Gov. Rick Perry threw his support behind U.S. Sen. Mitch McConnell on Saturday, telling 300 fellow Republicans that the minority leader will win re-election. McConnell finds himself in a GOP primary fight with wealthy businessman Matt Bevin, who attended the event but wasn’t allowed to speak. “I love the number six,” Perry told the crowd at the Lincoln Reagan Dinner of West Kentucky. “Sam Houston was 6 foot 6 inches tall. And Mitch McConnell is going to be in his sixth term as United States senator.” Organizers said the dinner was supposed to unite the...
  • $1 Trillion Farm Bill Full of Subsidies, Special Favors

    02/18/2014 9:32:51 AM PST · by MichCapCon · 17 replies
    Capitol Confidential ^ | 2/15/2014 | Jarrett Skorup
    President Obama was in Michigan last week to sign a 10-year, $1 trillion farm bill. While much of the debate has centered around the spending on food stamps, buried in the 1,000-page plan are many other provisions that are indefensibly bad policy. While some are praising, and others complaining, about slightly rolling back spending on food stamps and eliminating some of the direct payments to "farmers" (who did not actually farm), the bill goes far beyond that. This bill continues special subsidy deals to farmers in every area in the country — from corn and beans to rice and peanuts...
  • The Obamacare Scam

    02/05/2014 2:59:40 PM PST · by TurboZamboni · 11 replies
    CCHF ^ | 2-5-14 | Twila Brase
    Many health plans are smiling. We've essentially been forced by Congress to buy their catastrophic policies at first-dollar coverage prices. But because many Americans don't remember catastrophic policies or know what real insurance is or how much insurance should cost -- or how low cash-based medical prices could be -- they don't know badly they're being scammed. To be clear, this is not the first act in this Congressional scam. True insurance got more difficult to buy after Congress favored first-dollar health plans with the HMO Act of 1973. Most employers were forced to offer HMO plans. Like the frog...
  • Hill’s $nub of U.S. companies in purchase of crystal stemware is clear

    12/30/2013 1:58:02 PM PST · by afraidfortherepublic · 12 replies
    New York Post -- Page Six ^ | March 15, 2010 | Geoff Earle
    WASHINGTON — Hillary Rodham Clinton’s State Department is spending $5.4 million to buy fine crystal stemware for American embassies — but it won’t give the US economy much of a boost. The contract was given to a tiny Washington, DC, interior designer, which in turn subcontracted the crystal work to a Swedish firm — snubbing such US companies as the famous manufacturer in Clinton’s own back yard, Steuben Crystal of upstate Corning. The firm didn’t even get a chance to bid on the contract, which will outfit embassies and ambassadors’ residences with fancy crystal for ritzy functions. Ironically, under the...
  • Sebelius dodges question about whether she offered resignation

    12/13/2013 5:27:35 PM PST · by Sub-Driver · 27 replies
    ByStephanie Condon CBS News December 13, 2013, 6: 31 PM Sebelius dodges question about whether she offered resignation Health and Human Services Secretary Kathleen Sebelius on Friday refused to say whether she's offered to resign in the wake of botched rollout of the new Obamacare marketplaces. "I'm not going to discuss what I talk about with the president," Sebelius said from Miami, where she was promoting the new marketplaces. Earlier this week at a congressional hearing, Sebelius acknowledged to lawmakers that the launch of HealthCare.gov, the Obamacare website, was "flawed and failed and frustrating." She hasaccepted responsibility for the failed...
  • US Cancels Russian Helicopter Deal Amid Syria Standoff – Senator

    11/13/2013 1:15:58 PM PST · by Navy Patriot · 39 replies
    RIA Novosti ^ | November 13, 2013 | Staff
    WASHINGTON, November 13 (RIA Novosti) – The United States has scrapped plans to purchase additional helicopters from state-run Russian arms exporter Rosoboronexport amid pressure from federal lawmakers over Russian arms deliveries to Syria, a top US senator said Wednesday. “I applaud the [US] Defense Department’s decision to cancel its plan to buy 15 additional Mi-17 helicopters from Rosoboronexport,” US Sen. John Cornyn said in statement, The Associated Press (AP) reported. Cornyn, a Republican from Texas, has been leading a push in Congress to oppose the Pentagon’s purchase of Russian helicopters for deployment in Afghanistan due to Moscow’s weapons shipments to...
  • Exec at HealthCare.gov contractor went to school with first lady, donated to Obama campaign

    10/29/2013 7:08:04 PM PDT · by RoosterRedux · 10 replies
    FoxNews.com ^ | 10/29/2013
    As the problems pile up for HealthCare.gov, attention is now turning to the relationship between the Canadian company largely responsible for the website and the Obama administration. Top officials at CGI Federal, a lead contractor tasked with developing the site, have a three-decade link to the Obamas. Toni Townes-Whitley, a senior vice president at CGI Federal, is also a Princeton University classmate of first lady Michelle Obama -- and a political donor. Mike Caddell, a spokesman for Princeton University, confirmed to FoxNews.com that Townes-Whitley went to the school and graduated in 1985. According to a Princeton alumni publication in 1998,...
  • Michelle O's Princeton classmate is exec at company that built Obamacare website

    10/26/2013 10:15:19 AM PDT · by MinorityRepublican · 31 replies
    The Daily Mail ^ | 26 October 2013
    The Obama administration has been accused of cronyism after it was revealed the First Lady's Princeton classmate is a top executive at the company contracted to build the beleaguered Obamacare enrollment website. Toni Townes-Whitley is senior vice president at CGI Federal, the U.S. arm of a Canadian company, which won the no-bid contract for the problem-plagued website. Townes-Whitley, from the Princeton class of ’85, and Michelle Obama are members of the Association of Black Princeton Alumni, according to The Daily Caller.
  • Is Cronyism Private Enterprise's Fault or the Government's?

    10/17/2013 11:27:12 AM PDT · by 1rudeboy · 25 replies
    Coyote Blog (Dispatches from a Small Business) ^ | October 16, 2013 | Warren Meyer
    Oddly enough, this is perhaps the most frequent argument I have with people on the Left in cocktail party conversations.It begins this way -- some abuse of "private enterprise" is cited.  Almost every time, I have to point out that the abuse in question could not occur if private companies were not availing themselves of government's coercive power to [fill in the blank: step on competitors, limit choice, keep prices high, rake in subsidies, etc.] Michael Moore's Capitalism: A Love Story is very much in this mold, blaming bad outcomes that result in government interventions on free market capitalism.Kevin Drum...
  • Surprise: Obama brother’s charity faced no hurdles in IRS approval

    05/15/2013 9:27:51 AM PDT · by tflabo · 5 replies
    The Blaze ^ | May. 15, 2013 10:37am | Meredith Jessup
    Lois Lerner, the senior IRS official at the center of the decision to target tea party groups for burdensome tax scrutiny, signed paperwork granting tax-exempt status to the Barack H. Obama Foundation, a shady charity headed by the president’s half-brother that operated illegally for years.
  • Seagate plans $180 million research complex at former Solyndra site in Fremont

    03/02/2013 8:58:39 AM PST · by ProtectOurFreedom · 25 replies
    San Jose Mercury News ^ | 3/1/13 | George Avalos
    Seagate Technology on Friday unveiled a $180 million cutting-edge research and development complex at the former Solyndra solar factory in Fremont, a site the company will use to invent next-generation disk drives. Up to 600 people could work at the facility, depending on product demand, Seagate executives said. "It's a big deal to be keeping high-tech research and development jobs in Silicon Valley," said Mark Re, a Seagate senior vice president and R&D executive. "This is going to be a state-of-the-art facility." Late Thursday, Seagate installed a huge sign with its name and logo on the side of the 411,000-square-foot...
  • Obama ally got $340 million to set up health care co-ops

    02/22/2013 8:33:25 AM PST · by george76 · 23 replies
    The Washington Examiner ^ | February 21, 2013 | Richard Pollock
    A health insurance company headed by an old friend from Obama's days as a community organizer got a $340 million federal loan to establish Obamacare co-ops in New York, New Jersey and Oregon despite having a chronic record of consumer and regulatory complaints. The New York-based Freelancers Insurance Company has been rated the "worst" insurer for two straight years by state regulators, and data compiled by a national insurance association show an extremely high rate of consumer complaints. The firm was founded in 2008 by Sara Horowitz, who worked with Obama before his career in elective politics to launch Demos,...
  • Obama's Crony Capitalism (PIMCO Management Now in Bed with the White House)

    01/08/2013 7:13:30 AM PST · by SeekAndFind · 7 replies
    Reason ^ | 01/08/2013 | Ira Stoll
    On the Friday before Christmas, President Obama announced that he was appointing Mohamed A. El-Erian, the CEO of Pacific Investment Management Company, as the chairman of his Global Development Council. The announcement didn’t get much attention, but it should. It exemplifies what’s wrong with Obama’s approach to economic policy, which amounts to: insult rich people as “fat cats,” raise their taxes, and then choose a favored few of them for special access. If you’re not familiar with El-Erian, you must not be watching CNBC or attending the World Economic Forum at Davos. The son of an Egyptian ambassador to France...
  • Wells Fargo CEO: Get gov’t out of “the home loan business”

    01/07/2013 12:25:29 PM PST · by SeekAndFind · 11 replies
    Hotair ^ | 01/07/2013 | Ed Lasky
    Policy-wise, this is an oldie but a goodie, I guess, even though we’re still spending tons of money on Freddie Mac and Fannie Mae more than four years after the crash. Wells Fargo CEO Robert Kovacevich can't believe that we haven't learned the lesson from 2008 and gotten the government out of the home mortgage industry, and tells CNBC's Squawk Box that the two organizations made that crash exponentially worse than it needed to be: CLICK ABOVE LINK FOR THE VIDEO Fannie Mae and Freddie Mac exacerbated the 2008 mortgage crisis, and that’s why the U.S. government should get out...
  • When Capital Is Nowhere in View

    12/13/2012 9:19:55 AM PST · by Mr. K · 7 replies
    Ludwig Von Mises Institute ^ | Tuesday, May 10, 2011 | Jeffrey A. Tucker
    A Travel Channel episode of No Reservations, [..], took viewers to Port-au-Prince, Haiti. I had heard that the show offered unique insight into the country and its troubles. I couldn't imagine how. But it turns out to be true. Through the lens of food, we can gain an insight into culture, and from culture to economy, and from economy to politics and finally to what's wrong in this country and what can be done about it. Through this micro lens, we gain more insight than we would have if the program were entirely focused on economic issues. Such an episode...
  • REPORT: Fox News Is Taking Karl Rove Off The Air (Over election night meltdown)

    12/04/2012 4:57:34 PM PST · by SeekAndFind · 185 replies
    Business Insider ^ | 12/04/2012 | Grace Wyler
    New York's Gabriel Sherman reports that Fox News is scaling back airtime for Republican pundit Karl Rove, in what appears to be a reprimand for Rove's meltdown during the network's live election broadcast. Sources told Sherman that Fox News chief Roger Ailes has ordered his staff to bench Rove and his fellow GOP pundit Dick Morris, two of the network's most vocal partisan voices whose predictions turned out to be spectacularly wrong. According to Sherman, producers must now get permission before booking Rove or Morris on Fox shows. The move comes as Fox takes steps to rehab its image in the wake...
  • Obama-Promoted Battery Plant Moves to 'Rolling Furloughs' As Company Pulls Back on Jobs Projections

    09/27/2012 1:09:04 PM PDT · by MichCapCon · 12 replies
    Michigan Capitol Confidential ^ | 9/26/2012 | Tom Gantert
    Two years ago, when President Obama visited the LG Chem battery plant in Holland, it was hailed as part of the transformation of Michigan to a “green economy.” The battery plant, which supplies batteries for the Chevy Volt, got $151 million from the U.S. Department of Energy. Today, $133 million of that $151 million has been spent, but since April, the company's 200 workers have been on "rolling furloughs" because the electric vehicle market has failed to blossom as promised by many. In 2010, the plant was projected to create 443 new jobs within five years. Those projections have been...
  • Worse than Solyndra: Obama Admin Buying Maine Senate Seat with Crony Energy Loans

    09/11/2012 1:05:50 PM PDT · by Izzy Dunne · 10 replies
    Breitbart.com ^ | 10 Sep 2012 | Ben Shapiro
    The Obama administration is famous for its crony capitalism. It’s famous for wasting money on disastrous investments like Solyndra to pay off its political allies. It now appears, however, that they go a step further: they put public funds in bad investment loans, then double down on their bad loans with free cash grants.
  • New video: When I grow up, I want to be a crony

    08/23/2012 10:42:05 AM PDT · by wewillnotcomply · 2 replies
    Children used to have aspirations to achieve greatness in the private sector. But what are they learning now? Watch this video at Fox Nation and click "Fire it up!" on the top left if you really like it.
  • How Democrats Say "Crony Corruption" in Spanish: Abengoa

    08/04/2012 8:09:37 AM PDT · by TurboZamboni
    town hall ^ | 8-4-12 | Marita Noon
    This chapter looks at the Spanish company Abengoa that received more than $2.8 billion in loans and grants—making them the second largest recipient of the $16 billion doled out through the DOE 1705 loan guarantee program. From the introduction of this serialized book, the thumbnail says: Abengoa has two solar projects: Solana and Mojave Solar. Solana’s Fitch rating is BB+. Just before Christmas, 2010, the company received $1.45 billion from the DOE for a solar thermal plant, to use parabolic trough technology in Gila Bend, AZ. Mojave Solar’s rating was BB. Yet the company received $1.2 billion in September 2011...
  • Obama’s 'Bank of Washington' applauded by Solyndra CEO in email

    08/02/2012 10:34:08 AM PDT · by Nachum · 11 replies
    The Daily Caller ^ | 8/2/12 | Neil Munro
    Solyndra’s CEO labeled President Barack Obama’s administration “The Bank of Washington.” Chris Gronet offered the description in an internal email one year before the company collapsed in 2010, costing taxpayers roughly $500 million. “The Bank of Washington continues to help us!” he wrote in the October 2009 e-mail, which described several government programs and incentives. The email bolsters GOP claims that Obama’s support of green-tech companies amounted to “crony capitalism.” Several White House officials had close ties to green-tech companies, and many green-tech executives have donated to Obama’s political campaigns.
  • Select Tax Breaks For State 'Renaissance Zones' Program Returns One-Fifth of Predicted Jobs

    07/13/2012 8:16:22 AM PDT · by MichCapCon · 4 replies
    Michigan Capitol Confidential ^ | 7/10/2012 | Jarrett Skorup
    Only a third of expected private investment and a fifth of expected jobs have been delivered among six companies selected by the state of Michigan to receive special tax breaks. An additional company is in the process of being removed from the program. These tax breaks came as part of the state's Renaissance Zones program. Companies selected for the program have been exempt from the Michigan Business Tax, state education tax, personal and real property taxes, and local income taxes. "Renaissance Zones are selective abatements to areas and businesses that eliminate virtually all state and local taxes," said James Hohman,...
  • The State as Venture Capitalist: Loaned $7.7 Million, Creates Only 20% of Promised Jobs

    06/26/2012 9:04:58 AM PDT · by MichCapCon · 2 replies
    Michigan Capitol Confidential ^ | 6/23/2012 | Jarrett Skorup
    A state fund intended to create 390 Michigan jobs has loaned $7.7 million to 35 companies and created 79 jobs — only 20 percent of the number initially promised. Ann Arbor SPARK received an $8 million grant in 2006 to create the Michigan Pre-Seed Capital Fund, which used $7.7 million of that amount. The grant was awarded as part of the Competitive Edge Technology Grants and Loans program, which exists "to encourage the development of competitive edge technologies to create jobs in the state." Skip Simms, manager of the Michigan Pre-Seed Capital Fund, said in an email, "We saw a...
  • BREAKING - LightSquared to file for bankruptcy (Another Obama Porkulus Crony!)

    05/14/2012 11:20:08 AM PDT · by tcrlaf · 29 replies
    CNN ^ | 5-14-12 | David Goodman
    Unable to reach a deal with its lenders, upstart wireless carrier LightSquared will file for bankruptcy Monday, according to two sources with knowledge of the company's plans. The move has been widely expected, since the company's options for appeasing its creditors were running out. LightSquare's lenders claim that it has been in default on its debt since its $9 billion partnership with Sprint Nextel
  • Romney the Centrist Peeks Out (Romney Moves to Left)

    04/09/2012 2:18:46 PM PDT · by xzins · 92 replies
    NYT ^ | Apr 8 | THOMAS B. EDSALL
    It was just one line slipped into the middle of a paragraph of Mitt Romney’s speech on April 3 celebrating his primary victories in Wisconsin, Maryland and the District of Columbia: “And the most vulnerable have been hurt the most — over 30 percent of single moms are struggling in poverty.” Seemingly unremarkable, these 19 words represent one of the many steps Romney will be taking as he treks back to the center in the aftermath of a primary campaign dominated by the hard right. It was only two months ago, after all, that Romney told CNN: “I’m not concerned...
  • Obama’s Crony Capitalism and His Top 2008 Donors

    03/22/2012 12:34:05 PM PDT · by Freemarkets101 · 4 replies
    The New American ^ | 3/22/12 | Brian Koenig
    President Obama raised several hundred million dollars during the 2008 election, more than twice what Republican rival John McCain raised and a far cry more than any other U.S. President before him. The result? Obama’s fundraising achievements have ushered in a degree of crony capitalism Americans have quite possibly never witnessed before. The voluminous scale of political favoritism, and in some cases downright corruption, in the current administration has undermined taxpayers and trampled on the U.S. Constitution, as corporate bailouts, legislative kickbacks, and shady government appointments have become commonplace in the Obama White House. Crony capitalism, also referred to as...
  • Crony Capitalism and Algae Energy

    03/20/2012 6:53:20 AM PDT · by SeekAndFind · 13 replies
    American Thinker ^ | 03/20/2012 | Thomas Lifson
    Why on earth did President Obama offer algae as a solution to America's energy problems? I suspect that if he could, he would press the rewind button and erase the comment, as it has exposed him to widespread ridicule from heavyweights like Charles Krauthammer.  But the question remains: why bring it up at all?An answer may lie in his addiction to crony capitalism. Andrew Stiles of the Washington Free Beacon reports: Solazyme, a San Francisco-based firm that specializes in the plant matter, has received more than $25 million in federal grants and contracts as part of Obama administration's controversial...
  • Crony Newt (Will voters overlook his Freddie Mac payments?)

    12/13/2011 11:41:04 AM PST · by SeekAndFind · 27 replies
    National Review ^ | 12/13/2011 | Katrina Trinko
    As the early primaries draw near, Newt Gingrich’s Achilles’ heel could be the millions he was paid by Freddie Mac. Yesterday morning, top rival Mitt Romney called on Gingrich to return the money during a Fox News appearance. For Gingrich, Romney’s request was merely the latest in series of blows since Bloomberg first reported the payments, estimated at $1.6–$1.8 million, in mid-November. “It’s a perfect argument against Gingrich because it ties him to the sleazy practices of the beltway when he is trying to run as an outsider,” observes Larry Sabato, director of the Center for Politics at the University...
  • Exactly What Is Crony Capitalism, Anyway?

    12/12/2011 4:37:51 AM PST · by SeekAndFind · 28 replies · 5+ views
    Real Clear Markets ^ | 12/12/2011 | Bill Frezza
    President Obama, progressive politicians, Occupy protestors, and leftist intellectuals are having a field day attacking what they call the failures and excesses of capitalism. They declare wealth to be prima facie evidence of perfidy, making no distinction as to how it was obtained. They preach equality, not just in opportunity but in economic outcome. In their eyes, all members of the 1% are already guilty, so economic justice demands that the rich be heavily taxed, not just to lift others up, but to bring them down. Some defenders of capitalism draw a sharp distinction between those who obtained their wealth...
  • Former Union Chief Andy Stern Praises Crony Communism

    12/05/2011 8:00:09 AM PST · by raptor22 · 10 replies
    Investor's Business Daily ^ | December 5, 2011 | IBD staff
    Economic Systems: The former head of the Service Employees International Union says capitalism is on the ash heap of history and sees China as our role model. We have seen his future, however, and it doesn't work. President Obama once reportedly told aides, according to the New York Times, that things would be easier if he were president of China. Presumably he meant there would be no pesky things like a Congress, free elections and a free press to deal with. Former SEIU chief Andy Stern, who may still hold the record for visits to the White House under this...
  • Obama administration gives $433m no-bid contract to Democratic donor.

    11/14/2011 5:54:06 AM PST · by IbJensen · 6 replies
    Red State ^ | 11/12/2011 | Moe Lane
    The last time I checked, didn’t the Left call this sort of thing ‘crony capitalism?’ Over the last year, the Obama administration has aggressively pushed a $433-million plan to buy an experimental smallpox drug, despite uncertainty over whether it is needed or will work. Senior officials have taken unusual steps to secure the contract for New York-based Siga Technologies Inc., whose controlling shareholder is billionaire Ronald O. Perelman, one of the world’s richest men and a longtime Democratic Party donor. As you probably know, smallpox was eradicated in the wild decades ago: mostly because it was a genuinely terrifying threat...
  • Obama-Friendly GE Building Aircraft Factory Right-to-Work Alabama; Unlike Boeing, NLRB Silent

    11/03/2011 8:13:14 AM PDT · by opentalk · 20 replies
    Directorblue ^ | November 2, 2011 | Doug Ross
    1. Alabama is a wonderfully free "right-to-work" state, which simply means it prevents unions from extracting dues from workers who do not wish to join. 2. General Electric's CEO Jeff Immelt is the poster-boy for crony capitalism, having backed Obama's rush to socialized medicine and green energy to benefit various of its business units. 3. It turns out that GE's Aviation division is breaking ground on a new factory in Alabama. And, unlike Boeing, which tried to build a factory in a right-to-work-state, the National Labor Relations Board hasn't uttered a peep. But I'm sure that's just a coincidence. Remember...
  • Another Obama fundraiser is investor in car company that won federal loan (More Crony Socialism)

    10/28/2011 12:42:43 PM PDT · by tcrlaf · 12 replies
    WashPost ^ | 10-28-11 | Carol Leonnig
    An investment firm whose vice chairman has been an adviser and fundraiser for President Obama saw one of its portfolio companies win approval this year for $50 million in loans from the administration’s clean-energy loan program. Washington-based Perseus says its affiliation with James A. Johnson, a major fundraiser for Obama’s campaign, played no role in persuading the Energy Department to award the loan to Vehicle Production Group, a Miami start-up that is manufacturing wheelchair-accessible cars and taxis. Johnson headed Obama’s vice presidential selection committee in 2008 and is the former chairman of housing mortgage giant Fannie Mae. He was listed...
  • Obama Raises $2.4 Million from Wall Street in one evening (Hey occupier morons check out your god)

    10/10/2011 7:17:41 AM PDT · by Recovering_Democrat · 12 replies
    Firedoglake ^ | 6/24/11 | D Dayen
    Last night Obama headed to the Upper East Side to wine and dine Wall Street. The DNC fundraiser at tony restaurant Danielcostattendees $35,800 each, and a source told Ben White at Morning Money that the event netted $2.4 million [...] Marc Lasry was there, as expected. So was Orin Kramer. According to Dealbook, the menu included:“Maine lobster salad with roasted beets, duos of Black Angus beef, braised short ribs with young spinach, and roasted tenderloin with stuffed potato and hen of the woods.” The meal was prepared by Daniel Boulud himself.
  • Obama Raises $2.4 Million from Wall Street in one evening (Hey occupier morons check out your god)

    10/10/2011 7:17:32 AM PDT · by Recovering_Democrat · 28 replies · 1+ views
    Firedoglake ^ | 6/24/11 | D Dayen
    Last night Obama headed to the Upper East Side to wine and dine Wall Street. The DNC fundraiser at tony restaurant Danielcostattendees $35,800 each, and a source told Ben White at Morning Money that the event netted $2.4 million [...] Marc Lasry was there, as expected. So was Orin Kramer. According to Dealbook, the menu included:“Maine lobster salad with roasted beets, duos of Black Angus beef, braised short ribs with young spinach, and roasted tenderloin with stuffed potato and hen of the woods.” The meal was prepared by Daniel Boulud himself.
  • U.S. taxpayers flying standby in Solyndra bankruptcy case

    09/29/2011 12:58:27 PM PDT · by Osage Orange · 7 replies · 2+ views
    The Daily Oklahoman ^ | September 29, 2011 | The Daily Oklahoman
    U.S. taxpayers flying standby in Solyndra bankruptcy case Published: September 29, 2011 OKLAHOMA City was the birthplace of Braniff Airways. Lost it to Dallas, in 1945. Dallas lost it 37 years later when Braniff nosedived into bankruptcy. In 1986, Oklahoma City tried to lure a major Boeing maintenance center. Lost it to Lake Charles, La., which lost it a few years later when Boeing operations were grounded by the economy. Oklahoma City went after a $1 billion United Airlines maintenance center. Lost it to Indianapolis, in 1991. United's parent company filed for bankruptcy 11 years later and scuttled the Indy...
  • Crony Socialism: Obama Gives $737 Million to Solar Firm Linked to the Pelosi Clan

    09/28/2011 11:45:49 AM PDT · by Nachum · 34 replies · 1+ views
    Gateway Pundit ^ | 9/28/11 | Jim Hoft
    It’s as if Solyndra never happened. The Obama Administration is giving $737 million to a Tonopah Solar, a subsidiary of California-based SolarReserve. PCG is an investment partner with SolarReserve. Nancy Pelosi’s brother-in-law happens to be the number two man at PCG. Team Obama is spending $737 million to create 45 permanent jobs. The Hill reported, via Free Republic: The Energy Department announced Wednesday that is has finalized a $737 million loan guarantee for a Nevada solar project. The decision comes several weeks after a California-based solar manufacturer that received a $535 million loan guarantee from the Obama administration in 2009...
  • Romney's (Very Liberal) Big Money Donors

    09/22/2011 6:29:28 AM PDT · by xzins · 17 replies
    The Daily Beast ^ | 26Mar11 | Shushannah Walsh
    Mitt Romney is on the road, ... securing high-dollar donors and bundlers, He’s made stops in important primary states like Florida and has trips planned for another early state, Nevada. The former and would-be candidate also met with donors in New York City and Washington, D.C. this week. When all is said and done, the money tour is expected to hit 30 cities including stops in Los Angeles and Detroit. Donors that are getting ready to open their checkbooks or already have say that Romney has said he needs to raise $50 million quickly. “With all elections, of course, early...
  • LightSquared: Obama’s Dangerous Broadband Boondoggle (Another Example of Corrupt Crony Capitalism)

    09/21/2011 12:43:11 PM PDT · by SeekAndFind · 7 replies
    National Review ^ | 09/21/2011 | Michele Malkin
    If you thought the half-billion-dollar, stimulus-funded Solyndra bust was a taxpayer nightmare, just wait. If you thought the botched Fast and Furious gun-smuggling surveillance operation was a national-security nightmare, hold on. Right on the heels of those two blood-boilers comes yet another alleged pay-for-play racket from the most ethical administration ever. Welcome to LightSquared. It’s a toxic mix of venture socialism (to borrow GOP senator Jim DeMint’s apt phrase), campaign-finance influence-peddling, and perilous corner-cutting all rolled into one. The company is building “a state-of-the-art open wireless broadband network.” Competition in the industry is a good thing, of course. But military,...
  • A Blue-State Bailout in Disguise (Analysis of Hussein's Porkulus II)

    09/15/2011 11:48:03 AM PDT · by Recovering_Democrat · 9 replies
    WSJ ^ | 9/15/11 | P Peterson, D Nadler
    Our new study shows that under the Obama jobs bill, debt-ridden states will get another big handout.Last Thursday, the president urged Congress to pony up roughly $200 billion in taxpayer money to "provide more jobs for teachers [and] more jobs for construction workers" and more money to carry out other state and local activities. He urges Congress to spend this money even after handing out hundreds of billions of dollars for similar purposes as part of the 2009 stimulus package, as well as a score and more billion dollars again in 2010. These vast contributions to the coffers of state...
  • Super PAC backing Rick Perry to spend $55 million to beat rivals, documents reveal

    09/06/2011 10:25:55 AM PDT · by Virginia Ridgerunner · 128 replies · 1+ views
    MSNBC.com ^ | September 6, 2011 | Michael Isikoff
    The new super PAC backing Rick Perry has drawn up plans to spend $55 million as part of an ambitious campaign strategy aimed at blowing away the Texas governor's rivals in early primary states and securing him the Republican nomination by next spring, according to internal committee documents obtained by NBC News. The documents underscore the central role that such super PACs — or super political action committees unconstrained by any limits on how much they can collect from wealthy donors and corporations — will play in the 2012 presidential election. They also show that the strategists behind the new...
  • Obama names businessman Bryson to Commerce post

    05/31/2011 8:41:36 AM PDT · by sunmars · 33 replies
    WASHINGTON—President Barack Obama will nominate businessman John Bryson to lead the Commerce Department, a White House official said Tuesday. Bryson's appointment brings another private sector player into an administration that has been making a concerted effort to improve its relationship with the business community.
  • Crony Capitalism Comes to the Fishing Industry

    02/11/2011 8:18:25 PM PST · by Vob · 17 replies
    American Thinker ^ | February 11, 2011 | Mike Johnson
    Michael Milken evokes thoughts of financial wisdom at a level far beyond that of an unsophisticated fishing industry essayist like me. So, when one of the sessions at the Milken Institute Global Conference 2009 is titled "Innovative Funding for Sustainable Fisheries and Oceans," I take notice. The panel for the fisheries session was moderated by Larry Bond, a consultant for the Environmental Defense Fund (EDF) and the speakers were David Crane, David Festa, Jerry Schubel, and Jason Winship. Two members from EDF and none from the fishing industry, oh, well. The audio of the session is fascinating, particularly that of...
  • Obama skirts rule of law to reward pals, punish foes

    05/25/2011 7:45:51 AM PDT · by rokkitapps · 4 replies
    Question: What do the following have in common? Eckert Cold Storage Co., Kerly Homes of Yuma, Classic Party Rentals, West Coast Turf Inc., Ellenbecker Investment Group Inc., Only in San Francisco, Hotel Nikko, International Pacific Halibut Commission, City of Puyallup, Local 485 Health and Welfare Fund, Chicago Plastering Institute Health & Welfare Fund, Blue Cross Blue Shield of Tennessee, Teamsters Local 522 Fund Welfare Fund Roofers Division, StayWell Saipan Basic Plan, CIGNA, Caribbean Workers' Voluntary Employees' Beneficiary Health and Welfare Plan. Answer: T Read more at the Washington Examiner: http://washingtonexaminer.com/politics/2011/05/obama-skirts-rule-law-reward-pals-punish-foes#ixzz1NNIqd79w
  • The Wall Street Journal Survey of CEO Compensation ( Most CEOs give to democrats )

    05/10/2011 7:21:19 AM PDT · by Halfmanhalfamazing · 14 replies
    Wall Street Journal ^ | May 8th | Hay Group
    The Wall Street Journal CEO Compensation Study was conducted by Hay Group, a management-consulting firm. The study analyzes CEO pay from the biggest 350 U.S. public companies by revenue that filed their definitive proxy statements between May 1, 2010, and April 30, 2011. Survey Methodology & Terms Definitions Footnotes How to Use This Chart: Click on a column heading to sort by that category. For an individual executive's full compensation details, as well as a link to the proxy statement, click the relevant row. All figures in thousands
  • This is how the GOP Congress will regulate Wall Street?

    12/19/2010 9:28:16 AM PST · by Attention Surplus Disorder · 14 replies · 1+ views
    Salon.com ^ | Dec 15, 2010 | Andrew Leonard
    "My view is that Washington and the regulators are there to serve the banks" Rarely do you see a politician quite this honest: Last Wednesday, just hours after securing the position of chairman of the House Financial Services Committee, Spencer Bachus, R-Ala., told the Birmingham News that "in Washington, the view is that the banks are to be regulated, and my view is that Washington and the regulators are there to serve the banks." In the very next paragraph, the newspaper reported that Bachus "later clarified his comment to say that regulators should set the parameters in which banks operate...
  • Critics Say Some Republican Congressmen Support “Bailout” of Union Pensions

    06/01/2010 5:55:27 AM PDT · by MichCapCon · 13 replies · 458+ views
    Michigan Capitol Confidential ^ | 5/31/2010 | Ken Braun
    Michigan Congressman Thad McCotter, R-Livonia, is one of just nine Republicans nationwide to co-sponsor legislation that seeks to bail out union pension funds and put taxpayers "on the hook for $165 billion in unfunded union pension liabilities," according to Americans for Limited Government. McCotter is also the only Michigan U.S. House member from either party to co-sponsor the bill, H.R. 3936, which was introduced by North Dakota Democrat Earl Pomeroy and has 43 total co-sponsors. One former co-sponsor, Republican Mike Pence of Indiana, removed his name from the bill in late April, and Americans for Limited Government is asking the...
  • Embattled Agency in Charge of Special Tax Favors Snaps at Critics

    05/26/2010 11:13:52 AM PDT · by MichCapCon · 1 replies · 131+ views
    Michigan Capitol Confidential ^ | 5/26/2010 | Tom Gantert
    The state's flagship job creation agency made a plea to the media and legislators to stop "unwarranted criticism" against it and said attacks on the Michigan Economic Development Corporation will undermine the state's efforts to attract businesses. The MEDC's open letter comes after some recent embarrassing disclosures, including a tax credit approved for a convicted embezzler and a state audit that found the MEDC awarded tax credits to companies for jobs that weren't created. Last week, Michigan Capitol Confidential revealed that a $38 million MEDC tax credit program in Ann Arbor for Google had produced just 224 direct jobs during...