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$2 Billion More in Crony Capitalism is Exposed in the Obamacare Law

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RUSH: This story Byron York had in the Washington Examiner on March 31st:

“Uncovered: New $2 Billion Bailout in Obamacare.”

Two billion of corporate cronyism, or crony capitalism, if you will.

For example, AT&T got $140 million to subsidize health care plans.

Verizon, $91 million.

General Electric, despite not paying any US income taxes last year, got $36 million.

General Motors, Obama’s car company, received $19 million in bailout money in order for them to be able to more easily afford health care within their companies.

BREAK TRANSCRIPT

RUSH: Two groups of people that the Democrat Party owns and it will forever, and I mean forever, present us an ongoing battle, and that is the media and unions.

And when you look at the fact that there were twice as many union members, public sector government jobs as there are American manufacturing jobs, the takers outnumber the makers in America today.

And it wasn’t that long ago, 40 years ago, JFK, “Ask not what your country can do for you; ask what you can do for your country.” Today the motto of the Democrat Party, the motto of every Democrat constituency is, “Ask what your country can do for you.” Or worse, “Demand what your country must do for you.”

*snip*

“The idea was to subsidize unions, states, and companies that had made commitments to provide health insurance for workers who retired early — between the ages of 55 and 64, before they were eligible for Medicare.”

So it’s patently obvious what this was. The authors of Obamacare go to these various companies, institutions, unions and so forth and say,

“Here’s the deal: You shut up. You don’t oppose us. Go along with this. You commit to providing health insurance for your early retirees before they’re qualified or eligible for Medicare, and we’ll pay you for it. We’ll use US taxpayer dollars to cushion the blow on you at the corporate level and to also cushion the blow on us.”

So where’s the money going, this $5 billion of a slush fund?

“The biggest single recipient of an early-retiree bailout is the United Auto Workers.” Look at me. Are you listening to this?

Two hundred and six million dollars, your taxpayer money, went to the United Auto Workers to subsidize health care coverage for early retirees. Other big recipients were AT&T, $140 million, Verizon, $91 million, General Electric, $36 million. Obama Motors, also owned in part by the United Auto Workers, $19 million.

This is crony capitalism, but it’s worse than that. This is emblematic of all the things that the Democrats and this regime have been working so hard to do:

Take from the people who work and earn and produce and give it to your friends; give it to people who will shut up and not criticize you; give it to people who will vote for you; give it to people who will raise money for you.

Rest
http://www.rushlimbaugh.com/home/daily/site_040411/content/01125109.guest.html

When is the “I” word going to finally spring forth from some fed up, courageous quarter in authority ??? This overlord has SO overreached his constitutional parameters as to be impinging .. if not .. ON the criminal. It’s now getting to be a matter of urgency.