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Keyword: cronycapitalism

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  • President Grover Cleveland on federal welfare/entitlements

    02/24/2015 2:44:05 PM PST · by ctdonath2 · 8 replies
    Wait But Why ^ | Around 1886, retold February 2015 | Grover Cleveland
    ...when there was a Texas drought that hurt the crops of farmers there, Congress allotted $10,000 to buy seed grain to help them recover. But [President Grover] Cleveland vetoed the expenditure and explained why like this:I can find no warrant for such an appropriation in the Constitution, and I do not believe that the power and duty of the general government ought to be extended to the relief of individual suffering which is in no manner properly related to the public service or benefit. A prevalent tendency to disregard the limited mission of this power and duty should, I think,...
  • Al Sharpton: Accidental Anti-Tax Crusader (Cough Cough, Ahem)

    02/06/2015 1:21:30 PM PST · by Kaslin · 8 replies
    Townhall.com ^ | February 6, 2015 | Michael Schaus
    Al Capone, America’s “favorite” gangster, went to prison because he failed to pay $215,000 in taxes from his gambling profits. Al Sharpton, on the other hand, is still romping around screaming about racism despite the fact that he owes roughly $4 million to Federal and State revenuers. I guess the IRS is just too busy harassing conservatives to care about some uppity liberal who’s a few million dollars behind on his taxes.The gaffable (is that a word?) Al Sharpton personally faces Federal tax liens for more than $3 million in back taxes. He has over $770,000 in state tax liens. Two...
  • Peer-reviewed pocket-calculator climate model exposes serious errors in complex computer models

    01/26/2015 1:26:22 AM PST · by Cincinatus' Wife · 9 replies
    Physics Organization News ^ | January 21, 2015
    Near-term global warming projections (brick-red region) on[0.13, 0.50] K decade-1, compared with observations (green region)that fall on [0.0, 0.11] K decade-1, and the simple model's 21stcentury warming projections (yellow arrow), falling on 0.09 [0.06,0.12] K decade-1. Credit: Science China PressA major peer-reviewed climate physics paper in the first issue (January 2015: vol. 60 no. 1) of the prestigious Science Bulletin (formerly Chinese Science Bulletin), the journal of the Chinese Academy of Sciences, exposes elementary but serious errors in the general-circulation models relied on by the UN's climate panel, the IPCC. The errors were the reason for concern about Man's effect...
  • Ted Cruz sounded a whole lot like Elizabeth Warren on Fox News last night

    01/21/2015 5:23:42 PM PST · by 2ndDivisionVet · 60 replies
    Vox ^ | January 21, 2015 | Andrew Prokop
    On Tuesday night, Senator Ted Cruz appeared on Fox News to respond to the State of the Union address and talked about how the US economy was only working for the "top 1 percent," who he said have gotten "fat and happy" under Obama's administration.(VIDEO-AT-LINK)Cruz's rhetorical move is unusual for a prominent Republican, particularly a presidential contender. This emphasis on the "the 1 percent" has long been condemned by many in the party as class warfare. For instance, Sen. Marco Rubio said in 2012 that "convincing one group that their life isn't doing better because another is doing too...
  • Clinton's Walmart connection fueling Left's doubts

    01/19/2015 1:33:51 AM PST · by Cincinatus' Wife · 33 replies
    The Washington Examiner ^ | January 18, 2015 | Sean Higgins
    .........For many on the Left, the Arkansas company is emblematic of all that is wrong with corporate America. It is particularly detested by organized labor a key Democratic constituency because the company has doggedly fought all efforts to organize its workers. Clinton's ties to Walmart go back to 1986, when she joined the company's board of directors. She remained there until 1992, when husband Bill Clinton ran for the White House. For years afterwards they both maintained close ties to the retail giant. More recently, Clinton has distanced herself from the company and criticized some of its business...
  • Newbie Asks a Question: What is "Crony Capitalism"? (Vanity)

    01/11/2015 6:53:29 AM PST · by Regal · 59 replies
    Vanity Question ^ | Jan 11, 2015 | Regal
    I have just recently become an active poster (responder), and have seen the term "Crony Capitalism" used without explanation. Recently I saw the term associated with Communism, which confused me further. A "google" does little to clear things up, particularly in regards to how it might be interchangeable with communism. Can anyone help clear things up?
  • Cromnibus Puts Taxpayers on Hook for Bank Losses [satire]

    12/13/2014 9:37:16 AM PST · by John Semmens · 4 replies
    Semi-News/Semi-Satire ^ | 13 Dec 2014 | John Semmens
    The House-passed $1.1 trillion Continuing Resolution contains a clause that exposes taxpayers to a potential $300 trillion liability for bank losses in derivatives trading. The rider to the CR was the brain child of Citigroup. The rider is opposed by both tea party Republicans and left wing Democrats, but is strongly supported by House GOP leadership and President Obama. House Minority Leader Nancy Pelosi (D-Calif), charged that this maneuver puts the lie to the contention that the GOP is the Party of small government. This is a big government pay off to Wall Street financiers. Im enormously disappointed that the...
  • The Liberal Policies that are Killing A Gun Company

    12/07/2014 8:24:06 AM PST · by Kaslin · 80 replies
    Townhall.com ^ | December 7, 2014 | Michael Schaus
    Given that our Commander in Chief is a surprisingly decent firearm salesman, its a little odd that one of Americas most prolific gun manufacturers might soon be facing an agonizing financial death. But, thats exactly where Colt is headed if things dont change drastically. It takes a very specialized form of failure for a gun company to miss out on the Obama-inspired run on guns, the assault weapon craze of the 2000s, and the proliferation of Concealed Carry in the 1990s, but thats exactly what happened. And, worse, this isnt Colts first foray into fiscal failure. In fact, this...
  • Obama Sues Companies for Complying with Obamacare

    12/05/2014 9:55:26 AM PST · by Kaslin · 35 replies
    Townhall.com ^ | December 5, 2014 | Michael Schaus
    What’s the easiest way to avoid getting sued by the Obama Administration? Well… If you come up with an answer, let the rest of us know. A company that has supported the President and his Affordable Care Act, is currently being sued by Obama for following the law. (Wait… “Affordable” Care Act? Can we sue Democrats for false advertising yet?)Welcome to Obama’s America. Where you can literally get sued for trying to comply with the law. (Boy… That’ll teach you.)Honeywell International Inc., and two smaller firms, are being sued for taking advantage of a specific provision in the ACA that...
  • Taking the Crony Out of Capitalism

    11/23/2014 11:54:09 AM PST · by Kaslin · 20 replies
    Townhall.com ^ | November 23, 2014 | Paul Jacob
    What too few in Washington appreciate and what the new Republican Congress must if we hope to succeed is that the American peoples current distrust of their public institutions is totally justified. So wrote Sen. Mike Lee (R-Utah) in The Federalist shortly after the big election earlier this month. Americans are fed up with Washington, and they have every right to be. You can say that again. When Democrats swept the 2006 mid-term elections to re-take control of the U.S. House of Representatives, it was much more a repudiation of the pork-barreling, corrupt crony behavior of that Republican...
  • How ObamaCare Turned Insurers Into Big Gov't Lovers

    11/19/2014 4:12:59 AM PST · by IBD editorial writer · 13 replies
    Investor's Business Daily ^ | 11/18/2014 | IBD Staff
    Crony Capitalism: The New York Times this week reports that ObamaCare has made strange bedfellows between the insurance industry and the federal government. Who could have imagined that?
  • GOP oil titan: Keystones irrelevant (Harold Hamm)

    11/15/2014 4:11:28 PM PST · by Olog-hai · 40 replies
    Politico ^ | 11/14/14 2:26 PM EST | Updated 11/14/14 8:42 PM EST | Darren Goode
    Republican oil mogul Harold Hamm says Congress is wasting its time debating the Keystone XL pipeline. Its not relevant at all, in my opinion. And here we are making it relevant now? Forget it, the billionaire CEO of Oklahoma-based Continental Resources told Politoco in an interview Friday, just before the House passed a bill aimed at approving the pipeline. [] Hamm said his company, which had planned to use Keystone to ship some of its North Dakota crude, is already using other pipelines for half of its oil. And the percentage is growing. Were supporting other pipelines out there; were...
  • The Big Money Behind the Push for an Immigration Overhaul

    11/14/2014 12:23:17 PM PST · by Oldeconomybuyer · 26 replies
    New York Times ^ | November 14, 2014 | By JULIA PRESTON
    ... The White House calls and the presidents decision itself reflected the clout the immigrant movement has built up in recent years, as it grew from a cluster of scattered Washington lobbying groups into a national force. A vital part of that expansion has involved money: major donations from some of the nations wealthiest liberal foundations, including the Ford Foundation, the Carnegie Corporation of New York, the Open Society Foundations of the financier George Soros, and the Atlantic Philanthropies. Over the last decade those donors have invested more than $300 million in immigrant organizations, including many fighting for...
  • Report: Major federal lab misused contract funds

    11/12/2014 3:39:55 PM PST · by Olog-hai · 8 replies
    Associated Press ^ | Nov 12, 2014 5:50 PM EST | Susan Montoya Bryan
    Managers at one of the nations premier federal laboratories improperly used taxpayer funds to influence members of Congress and other officials as part of an effort to extend the labs $2.4 billion management contract, the U.S. Department of Energys Office of Inspector General said in a report Wednesday. A review of documents determined that Sandia National Laboratories formed a team and worked with consultants beginning in 2009 to develop a plan for securing a contract extension without having to go through a competitive process. That plan called for lobbying Congress, trying to influence key advisers to then-Energy Secretary Steven Chu...
  • How the Chamber beat the tea party in 2014

    11/10/2014 4:17:00 AM PST · by Timber Rattler · 42 replies
    Politico ^ | November 9, 2014 | MAGGIE HABERMAN |
    After the 2012 election, the U.S. Chamber of Commerces top political adviser, Scott Reed, surveyed the damage tens of millions of dollars spent only to lose the White House and a slew of winnable Senate races and vowed that 2014 would be different. Some $70 million and a Republican wave later, the business lobby, one of the biggest spenders in the midterm elections, is feeling very good about its return on investment. Its conclusion after 2012 that they had to take on tea party challengers in primaries and create a more business-friendly slate of general election candidates...
  • California Obamacare cronies got paid big via no bid state contracts

    10/15/2014 1:18:55 PM PDT · by Kaslin · 5 replies
    Townhall.com ^ | October 15, 2014 | Nick Sorrentino
    <p>I feel like I have to say this every time a story like this comes out of California, and stories like these come out of California all the time.</p> <p>Californias health insurance exchange has awarded $184 million in contracts without the competitive bidding and oversight that is standard practice across state government, including deals that sent millions of dollars to a firm whose employees have long-standing ties to the agencys executive director.</p>
  • Obama to publicly name San Gabriel Mountains a national monument today (Oct 10 2014)

    10/10/2014 11:40:42 AM PDT · by fifedom · 30 replies
    Los Angeles Times ^ | Oct 10 2014 | Louis Sahagun
    residents within and near the monument's footprint, say they've been kept in the dark about the effects of the designation, and fear that the new status will hamper growth and fire safety. (A)bout 150 people protested Monday in front of the Pasadena office of Rep. Judy Chu (D-Monterey Park). Many said they were unsure about its potential effects on private property rights, flood control and emergency services. And the San Bernardino County Board of Supervisors recently approved a resolution opposing a monument designation in its region, where there has not been a public meeting held to discuss the issues.
  • I.M.F. Takes Aim at Wall Streets Pay System

    10/10/2014 8:00:21 AM PDT · by SeekAndFind · 7 replies
    New York Times ^ | 10/10/2014 | WILLIAM D. COHAN
    We dont like to concede that a primary cause of the financial crisis was a Wall Street compensation system that rewarded executives, bankers and traders for taking big risks with other peoples money without holding them the least bit accountable. And because we dont like to discuss such things in polite company, it is certainly unsurprising that six years later, not a single fundamental aspect of how Wall Street pays its top people has changed. The incentive system that handed out millions of dollars in bonuses to bankers and traders who packaged shoddy mortgages into securities and sold them as...
  • China Overtakes US As Worlds Largest Economy

    10/08/2014 2:01:33 PM PDT · by SeekAndFind · 73 replies
    Daily Caller ^ | 10/08/2014
    The Chinese economy just surpassed the U.S. economy to become the world’s largest in terms of purchasing power, according to the International Monetary Fund.The IMF measures economic strength by Gross Domestic Product (GDP) in both market exchange rates and average purchasing power, the latter being where China has overtaken the U.S. with a GDP of $17.6 trillion by the end of 2014 — 16.4 percent of the world’s purchasing power. The U.S. will close out the year with a purchasing-power adjusted GDP of $17.4 trillion, or 16.2 percent of the world’s total.Financial Times predicted the change in April and illustrated...
  • Elizabeth Warren: The Secret New York Fed Tapes Confirm The Game Is Rigged

    10/02/2014 1:13:15 PM PDT · by Olog-hai · 37 replies
    Business Insider ^ | OCT. 1, 2014, 3:32 PM | Myles Udland
    Sen. Elizabeth Warren (D-Mass.), who has called for congressional hearings regarding conduct at the Federal Reserve following the ProPublica and This American Life report from last week, told NPR in an interview on Wednesday that the report, tells us exactly what we already knew. Warren told NPRs Steve Inskeep that the report, ultimately this report tells us exactly what we already knewthat the relationship between regulators and the financial institutions they oversee is too cozy to provide the kind of tough oversight that's really needed. [] Listening to the tapes, Warren said two things jumped out: the lack of truthful...
  • Boeing VP rips Congress over Ex-Im Bank

    10/01/2014 4:06:18 AM PDT · by Cincinatus' Wife · 15 replies
    The Hill ^ | October 1, 2014 | Kevin Cirilli
    A top Boeing official criticized Congress on Tuesday for failing to pass a long-term reauthorization of the Export-Import Bank. He also argued that an extension of the Banks charter until next summer leaves supporters in a worse position than they were in before. Mostly far-right political consultants, think tanks and congressmen banded together in a fit of ideological road rage to kill the bank, Boeing senior vice president Timothy Keating said in prepared remarks at an aerospace conference in Everett, Wash. The temporary extension recently enacted in many respects leaves us worse off than before, Keating continued. The extension is...
  • Who Are You Calling the Party of the Rich?

    09/30/2014 2:09:02 AM PDT · by markomalley · 6 replies
    Townhall ^ | 9/30/2014 | Mona Charen
    The median American household saw its net worth decline by 36 percent during the Great Recession. That is a hard reality. A Republican held the White House when the crash hit, and voters, in no mood to be charitable, blamed the GOP. Besides, Democrats were ready with an explanation that slid right into an existing groove of American thinking: The financial crisis was caused by Republicans going easy on their big banker friends. By 2012, the recession had been over for three-plus years, and yet the average American saw little improvement. Average net worth continued to drift downward. Long-term unemployment...
  • The Meaning of Crony Capitalism

    09/29/2014 8:16:53 PM PDT · by jespasinthru · 28 replies
    Vanity | 9/29/2014 | jespasinthru
    Last year I took an Ethics class at school. Our professor gave us a lecture about the pros and cons of Capitalism. And at the end of the lecture, he asked us if we could define "crony capitalism". We all drew a blank. We'd all heard the phrase, but we didn't quite understand it. So he broke it down to us in very simplistic terms: "Let's sat that you own a cow. And your neighbor owns one hundred cows. But he's so greedy that he wants your cow, too. So he bribes corrupt politicians to pass laws that will take...
  • Clinton Promises World Without Profits

    09/25/2014 11:15:35 AM PDT · by Kaslin · 43 replies
    Townhall.com ^ | September 25, 2014 | John Ransom
    Democrats convened their real presidential convention for 2016 a bit early. In NYC.At the U.N. In what is becoming a proxy for what the public believes is the Democrat National Committee, the media, world government organizations and activists who think that some small, few men should decide what every other man gets to have—or not have—met in public and private in New York City this week. They harangued and proselytized, raised money and “awareness” in a purely show-business attempt to re-set the agenda off their failed policies.If only by sheer volume of their arguments, they have tried to convince America...
  • House GOP Setting the Stage for Massive Crony Capitalist Pay Backs in a Lame Duck

    09/09/2014 10:54:17 AM PDT · by cotton1706 · 19 replies
    redstate.com ^ | 9/9/14 | Erick Erickson
    House Republicans are preparing a continuing resolution to keep the government open. In doing so, theyve decided to be total sluts for K Street and Wall Street. The Crony Capitalists, emboldened by the Chamber of Commerces help during primary season, are doing some very unusual things. Heres what I hear is happening. First, they will reauthorize the Ex-Im bank, which is something K Street is desperate to see happen. Second, current reports are that they will spend more than the original Paul Ryan Patti Murray deal that had included a tax hike. However, that is subject to change. Third,...
  • Cruz to House GOP: Punt Spending Debate Into 2015

    09/11/2014 1:53:48 AM PDT · by Cincinatus' Wife · 4 replies
    Roll Call ^ | September 10, 2014 | Niels Lesniewski with Matt Fuller
    Sen. Ted Cruz is launching an effort to push the House into a continuing resolution that funds the government into the next Congress. It would be a serious mistake for House Republicans to pass a Continuing Resolution that would ensure that Harry Reid and the Senate Democrats would come back to Washington, after many of them will have likely lost their seats, for a no-holds barred lame duck session where they will be free to pass legislation that the American people will never be able to hold them responsible for, the Texas Republican said in a statement provided to CQ...
  • Obama Silent on Chrysler Tax Inversion Deal

    09/09/2014 9:19:47 AM PDT · by jazusamo · 13 replies
    NLPC ^ | September 9, 2014 | Mark Modica
    It's official. Chrysler has now wholly-merged with Italian auto maker, Fiat. It had taken a bit over five years for Fiat to gain total control of the bailed out, once-American Chrysler Corporation. Back in June of 2009, President Obama gifted (payment was made in the form of "technology") an initial 20% stake in Chrysler to Fiat as part of his orchestrated auto bailout process. Fiat parlayed that into full ownership and is now showing its gratitude to the American taxpayers who helped fund the deal by relocating Chrysler's headquarters to London ; a move which will lessen the company's...
  • Stimulus bill enabled billions in waste, exploitation of employees

    09/08/2014 7:43:45 PM PDT · by SeekAndFind · 14 replies
    Hotair ^ | 09/08/2014 | Ed Morrissey
    When Barack Obama and the Democrats on Capitol Hill forced the $800 billion stimulus bill into law, they insisted that waste, fraud, and abuse would not be tolerated. They put “Sheriff” Joe Biden on the case in March 2009, with Obama warning stimulus recipients that “around the White House, we call him the Sheriff — because if you’re misusing taxpayer money, you’ll have to answer to him.” The Department of Transportation employees gathered for the speech laughed at that statement, according to the White House transcript — and well they should have. An in-depth report from McClatchy and ProPublica...
  • $60 Million For 34 States To Boost Obamacare Enrollment

    09/08/2014 4:10:45 PM PDT · by Oldeconomybuyer · 15 replies
    Kaiser Health News ^ | September 8, 2014 | By Phil Galewitz
    Two Planned Parenthood chapters, two United Way organizations, a food bank association and a Catholic hospital system are among 90 nonprofit groups that will receive a total of $60 million to help people sign up for health insurance, the Department of Health and Human Services announced today. Planned Parenthood chapters in Montana and Iowa received grants totaling about $500,000. Ascension Health, the nations largest Catholic hospital system, won a $241,000 grant to help people in Kansas. The Ohio Association of Food Banks will receive a $2.1 million grant. Florida Covering Kids & Families, based at the University of South Florida,...
  • An Obamacare Test for Republicans [fight corporate welfare and crony capitalism]

    09/08/2014 5:31:47 AM PDT · by Cincinatus' Wife · 4 replies
    National Review ^ | September 8, 2014 | Editors
    Congressional Republicans keep saying they oppose Obamacare. Yet theyre refusing to take the simplest and easiest action against it. The way the law is designed, insurance companies get taxpayer subsidies if they incur big losses on the exchanges. That guarantee has encouraged them to participate in the exchanges. It has also enabled them to charge lower premiums, since they do not have to cover their risks. Republicans could force supporters of Obamacare to defend these taxpayer subsidies by advancing legislation to stop them, as Senator Marco Rubio (R., Fla.) and Representative Tim Griffin (R., Ark.) have proposed. But their colleagues...
  • Michael Bloomberg returning to lead Bloomberg LP

    09/03/2014 9:14:34 PM PDT · by Olog-hai · 3 replies
    Associated Press ^ | Sep 3, 2014 10:40 PM EDT
    Former Mayor Michael Bloomberg is returning to lead the financial data and news company he founded in 1981 but left to serve three terms in City Hall. The company, Bloomberg LP, said Wednesday that current CEO Daniel Doctoroff will step down at the end of the year. Doctoroff was a deputy mayor under Bloomberg. His departure makes way for Bloomberg to take back the helm of the company, of which he still owns more than 85 percent.
  • Paul Ryan on the Ex-Im Bank, bailouts: Tactics trump purity

    08/25/2014 5:50:41 AM PDT · by fredericbastiat1 · 9 replies
    TheBlaze Books ^ | 2014-08-25 | Benjamin Weingarten
    During the interview, Ryan addressed several issues on which conservatives have been critical of the Republican Party, from perpetuating crony capitalism to immigration. Perhaps most interesting was the congressmans defense of votes he and fellow Republicans took in favor of TARP and the 2009 auto bailout, and his belief in the efficacy of a short-term reauthorization of the Export-Import Bank. When asked how his votes for TARP and the auto bailout comport with the populist, free market philosophy Rep. Ryan espouses in his new book, noting that he "did not enjoy" such votes, Ryan justified them on grounds of "defensive...
  • The Hill: The rise of Obama Inc.

    08/24/2014 6:46:12 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | August 24, 2014 | Nick Sorrentino
    Hows this for a depressing passage: Theres just a lot more regulation going on, Zelizer said. Theres a lot of intersection between the economy and Washington. Theres just a lot more regulation going on. My liberal friends, regulation is the mothers milk of the crony capitalist state, the fascist light state. Our system of regulation is in most regards now just a vehicle for rent seeking. Blindly defending regulations in 2014 because liberals are supposed to be for regulation, is to give power to a vested corporate oligarchy. Am I saying that all regs are bad? No. Am I saying...
  • The Rise of Progressive Oligarchy: Reviving the 'vigilant and manly spirit' of republicanism

    08/18/2014 6:16:26 PM PDT · by 2ndDivisionVet · 10 replies
    The Federalist ^ | August 18, 2014 | Professors David Corbin and Matt Parks
    In what might have appeared to be a minor political event a few weeks back, Nancy Pelosi (D-CA) called congressman Tom Marino (R-PA) insignificant and inconsequential in a debate on the House floor. Why would the former House Speaker insult a colleague in such a manner? She didnt count her way to this assessment; Democrats do not hold a majority of the House. Nor did she reason her way to this position, as there was nothing in Rep. Marinos argument on the immigration issue that raised empirical red flags. Perhaps it was a momentary lapse in judgment in the midst...
  • Who rules America? [Great, but unsurprising, read]

    08/13/2014 9:10:13 AM PDT · by upchuck · 32 replies
    The Hill ^ | Aug 12, 2014 | Allan J. Lichtman
    "The public be damned!" William H. Vanderbilt, railroad magnate, 1882 A shattering new study by two political science professors has found that ordinary Americans have virtually no impact whatsoever on the making of national policy in our country. The analysts found that rich individuals and business-controlled interest groups largely shape policy outcomes in the United States.This study should be a loud wake-up call to the vast majority of Americans who are bypassed by their government. To reclaim the promise of American democracy, ordinary citizens must act positively to change the relationship between the people and our governmentThe new study, with...
  • Study: You Have 'Near-Zero' Impact on U.S. Policy

    08/13/2014 6:29:13 AM PDT · by COUNTrecount · 34 replies
    Breitbart ^ | August 12, 2014 | Wynton Hall
    A startling new political science study concludes that corporate interests and mega wealthy individuals control U.S. policy to such a degree that "the preferences of the average American appear to have only a minuscule, near-zero, statistically non-significant impact upon public policy." The startling study, titled "Testing Theories of American Politics: Elites, Interest Groups, and Average Citizens," is slated to appear in an upcoming issue of Perspectives on Politics and was authored by Princeton University Professor Martin Gilens and Northwestern University Professor Benjamin Page. An early draft can be found here. Noted American University Historian Allan J. Lichtman, who highlighted the...
  • Comcast and Time Warner fund event for regulator while seeking merger approval [Cronyism!]

    08/13/2014 9:09:19 AM PDT · by SoFloFreeper · 10 replies
    Washington Post ^ | 8/13/14 | Josh Hicks
    Comcast and Time Warner Cable are spending more than $130,000 on a dinner to honor one of the federal regulators who will rule on their controversial merger plan, according to records of the companies contributions. The fundraising event for the Walter Kaitz Foundation will honor Federal Communications Commission panel member Mignon Clyburn as an advocate for diversity.
  • Frustrated small businesses give Pennsylvania a D grade

    08/12/2014 2:30:19 AM PDT · by Olog-hai · 19 replies
    Pocono Record ^ | August 11, 2014 | Stacy M. Brown
    Pennsylvania has turned its back on small business owners, according to a recent survey. [] After a two-month survey of thousands of small business owners nationwide, weve heard directly from Pennsylvanias small businesses that the state could do more to support them, said Jon Lieber, chief economist of Thumbtack.com. Creating a business climate that is welcoming to small, dynamic businesses is more important than ever, and Pennsylvanias small businesses think the state could do a better job. [] Marie Page, owner of Marie Page Cleaning Service in Reeders, said [] We are taxed like crazy. It is hard to get...
  • Obamacare a windfall for insurers: Ex-Obama advisor

    08/08/2014 6:58:52 PM PDT · by markomalley · 16 replies
    CNBC ^ | 8/8/2014 | Matthew J. Belvedere
    Don't believe the hype that insurance companies are getting squeezed on Obamacare. That's the message from one of the architects of the president's health-care law. "All of these companies are expanding greatly in the exchanges," Dr. Ezekiel Emanuel, former special advisor on health policy, told CNBC's "Squawk Box" on Friday. "Their revenues are up. Their profits are up. Their stocks are up. They're not suffering because of" Obamacare. Last week, Aetna Chairman and CEO Mark Bertolini appeared on the program, saying the insurer priced its 600,000 Obamacare customers who tend to be older and sicker at lower margins. Emanuel, vice...
  • Oh Goody: The IRS Fairness Brigade!

    08/06/2014 12:32:36 PM PDT · by Kaslin · 11 replies
    Townhall.com ^ | August 6, 2014 | John Ransom
    At 74,000 pages, the IRS code is a mind-boggling ode to lobbying, pork-barrel spending and graft. These are the only good things that I can say about the IRS. Ode may be too friendly a word, however. Lets instead call it an incantation for our country. Because the code holds a country in thrall like the winged monkeys in Dorothys Oz were held. And until the witch is dead, we monkeys must do her bidding. Politicians, economists and ordinary citizens cant follow the tax code, which has tripped up cabinet nominees, majority leaders and others who ought to know...
  • GAO: Government failed to report $619 billion in spending to its transparency site

    08/06/2014 4:49:57 AM PDT · by TurboZamboni · 5 replies
    WaPo ^ | 8-5-14 | Josh Hicks
    The White House budget office launched USASpending.gov in 2007 to track federal spending after scores of lawmakers, including then-Sen. Barack Obama, successfully pushed through a bipartisan bill to ensure greater transparency with the funding. At last check, less than 8 percent of the sites spending information was accurate, and federal agencies had failed to report nearly $620 billion in grants, loans and other forms of assistance awards, according to a recent report from Congresss nonpartisan Government Accountability Office.
  • USASpending.gov short of data on $619 billion worth of grants and awards

    08/05/2014 3:33:08 PM PDT · by Citizen Zed · 3 replies
    Washington Post ^ | 8-5-2014 | Nancy Scola
    Launched in December 2007, USASpending.gov was meant as a way of tapping modern technology to hand the American public the means to track what the federal government spends. But a new report from the Government Accountability Office found that, in 2012 at least, more than $619 billion in federal awards that should be accounted for on the site weren't. Agencies, GAO found, are generally reporting on the contracts that they hand out. What's missing from the site are grants and awards, a range of federal spending that covers everything from agricultural development to research on new naval reconnaissance. The absent...
  • Secrecy Surrounding Shelter for Illegal Immigrant Minors

    08/05/2014 8:48:56 AM PDT · by Hojczyk · 53 replies
    Sharyl Attkisson ^ | August 5,2014 | Sharyl Attkisson
    It highlights the role of a nonprofit called BCFS which, according to Time, has received more than $280 million since December to operate temporary housing shelters for children who illegally cross the Mexican border into the U.S. On July 7, two days before [the charity head] met Obama in Dallas, the Department of Health and Human Services awarded BCFS $190,707,505 in a single grant. The Time article also brings attention to an ongoing theme under the Obama administration: its penchant to withhold public information of public interest. According to Time, To shield vulnerable kids from angry opponents of immigration and...
  • Obama Unfriends Putin on Facebook Then Gives Him Hundreds of Millions of Dollars

    07/30/2014 9:52:32 AM PDT · by Kaslin · 19 replies
    Townhall.com ^ | July 30, 2014 | Michael Schaus
    Seriously. Things are beginning to look kinda pathetic for the Kerry/ Obama foreign policy doctrine. Just this week Russia violated an arms treaty by testing a new type of cruise missile; and Obamas response was to send a letter to Vladimir Putin (not joking) explaining his disapproval. Future ramifications might include a new hashtag campaign, unfriending Putin on Facebook, or sending angry text messages late at night. And, really, given the Wests reaction to Putins acts of aggression in Ukraine, it only makes sense that the former KGB agent would feel emboldened to disrespect an obscure Reagan era treaty. Vladimir...
  • Obamas Crony Capitalists Strike it Rich

    07/29/2014 10:51:18 AM PDT · by aimhigh · 13 replies
    Wall St Daily ^ | 07/28/2014 | Floyd Brown
    Take, for example, David Grain. According to Federal Election Commission reports, Grain gave $60,000 to Obamas campaign and the DNC in 2008, and he gave $22,500 in 2012. Grain has also been a lucrative fundraising partner for Obama. In 2008, Grain helped raise an additional $200,000 to $500,000 for Obama, according to a report in Bloomberg News. And now, money is set to flow the other direction You see, Grain owns a private equity firm called Grain Management, LLC. that failed to qualify under existing rules as a small business for an upcoming Federal Communications Commission (FCC) airwave license auction....
  • New Report on Tax Cronyism in the States

    07/24/2014 1:34:16 PM PDT · by ThethoughtsofGreg · 4 replies
    American Legislator ^ | 7-24-14 | Jacob Kohlhepp
    As the quest for tax reform sweeps the nation, policymakers are faced with the dilemma of how to best build a tax code that promotes fairness, removes roadblocks to economic growth and maintains enough revenue to provide the proper amount of public services. As ALEC has pointed out Rich States, Poor States and other publications, low tax rates and smart tax choices are the path to prosperity because they increase a states competitiveness and are the least hurtful to productivity. However, in the effort to lower rates and make the tax code less of a burden, there is another impediment...
  • Heritage Action Sentinel TwitterFest opposing re authorization of the Export Import Bank.

    07/24/2014 1:10:25 PM PDT · by Noremac
    Heritage Action For America ^ | July 24, 2014 | Richard Cameron
    #EndExIm Heritage Action for America is coordinating with its social media activists for a TwitterFest tonight beginning at 5:30PM EST until approximately 6PM EST on the need for Congress to put a final nail in the coffin of the wasteful, sometimes corrupt and ultimately unnecessary, Export-Import Bank. It's a form of rent seeking international pork for corporations that already have a viable business model without it. Eliminating it takes Congress out of the role of picking winners in the free market. Please post at least one Tweet with this link http://heritageaction.com/2014/04/export-import-bank-reauthorization/ and be sure to use the hashtag #EndExIm
  • Obamacare Official Gets Ethics Waiver as Former Company Faces Scrutiny

    07/23/2014 3:09:48 AM PDT · by markomalley · 2 replies
    Daily Signal ^ | 7/23/2014 | Melissa Quinn
    Andrew Slavitt, a former executive at the technology company tasked with saving HealthCare.gov and current second-in-command at the Centers for Medicare and Medicaid Services, was granted an ethics waiver by the Department of Health and Human Services to begin working with his former company immediately.The waiver was granted despite Republican lawmakers concerns about Slavitts potential conflict of interest. The Daily Signal revealed those concerns in a story yesterday.Slavitt, a former OptumInsight/QSSI group vice president, left the company last month to work as the principal deputy administrator at the Centers for Medicare and Medicaid Services, which runs Obamacare and HealthCare.gov. His...
  • Crony-Capitalism is A Great Way to Kill a Gun Company

    07/19/2014 11:31:50 AM PDT · by Kaslin · 30 replies
    Townhall.com ^ | July 19, 2014 | Michael Schaus
    t they do best: Go on strike. By 1988, the company had lost a number of high-dollar contracts, and the end of their beginning was clearly at hand. In the decade to follow, their competitors warmly embraced Americas newfound fascination with the civilian market, concealed carry, and home defense. Colt, on the other hand, decided to take a more pragmatic approach. And, by pragmatic, I mean liberal approach: A wealthy industrialist, from the heart of a non-gun-owning Manhattan family, decided he could steer the company to better times. With a man who knew nothing about guns at the helm, Colt...
  • Obamacare, Cronyism, and Bailouts for Corrupt Health Insurance Companies

    07/16/2014 3:10:53 PM PDT · by Kaslin · 4 replies
    Townhall.com ^ | July 16, 2014 | Daniel J. Mitchell
    I thought TARP was the sleaziest-ever example of cronyism and corruption in Washington. The Wall Street bailout rewarded politically well-connected companies, encouraged moral hazard, and ripped off taxpayers. Heck, it was so bad that it makes the sleaze at the Export-Import Bank seem almost angelic by comparison. But I may have to reassess my views. One of the provisions of Obamacare allows the White House to give bailouts to big health insurance companies. Youre probably wondering why these big firms would need bailouts. After all, didnt Obamacare coerce millions of people into becoming involuntary customers of these companies? That should...